Danaos Management Consultants (Danaos) and Inventory Locator Service (ILS) have signed a memorandum of understanding (MoU) to develop a cloud-based procurement and management service known as ‘MarineHub’ for the shipping industry.
MarineHub will provide planned maintenance and procurement of spares for ship owners, managers and suppliers that use cloud technology.
ILS vice president of supply chain solutions George Zdravecky said creating an environment that connects the content, systems, people and processes will benefit all companies in the marine industry.
"The network we’re planning has the potential to minimise cost for spares and maintenance while increasing visibility and continuity of supply," said Zdravecky.
Danaos managing director Dimitris Theodossiou said: "The MarineHub network will fully automate the vendor-to-buyer interaction, aiming to minimise ship supplier’s cost by not only selecting the correct price but also by ordering the right quantity."
The MoU was signed at the International Marine Purchasing Association (IMPA) conference held in London in September 2012.
ILS, a subsidiary of Boeing, has experience in developing cloud-based networks for the marine, aviation and defence industries.
The company has been offering information through its global electronic marketplace, called ILSmart, since 1979 to help customers in these industries to buy and sell parts, equipment and services.