Procureship - Experts & Thought Leaders

Achilles, a pioneer in supply chain risk management solutions, and Procureship, the world’s pioneering e-procurement platform, have agreed on a long-term partnership to enhance the ESG capabilities of the shipping industry’s procurement processes.  The latest agreement will bring efficiencies to the supply chain assessment and purchasing process for Procureship members. Procureship provides streamlined purchasing for more than 100 fleet owners and operators, including BW LNG, Angelicoussis Group, Oldendorff Carriers, Starbulk Group, TB Marine and Technomar. Benefit from standardised processes Achilles Maritime Network provides a forum for shipowners and chiefs to team By leveraging advanced analytics, machine learning tools, and a unique supplier recommendation engine, Procureship simplifies the procurement process between buyers and suppliers. The Achilles Maritime Network provides a platform for shipowners and managers to collaborate, reduce risks, and enhance supply chain visibility while lowering costs and administrative burdens. Suppliers and contractors benefit from standardised processes and pre-qualification, fostering stronger relationships and business growth. Users of the Procureship platform The network supports transparency, sustainability, and responsible business practices in the maritime industry. Members of the Achilles Maritime Network include BW LNG and LPG, Odfjell, Seapeak and Seasourcing. Through this agreement, users of the Procureship platform can access the Achilles service to improve visibility of their suppliers’ sustainability performance. Procureship will also offer its supplier network the opportunity to demonstrate their Achilles score and standout through a rigorous, independent assessment. Procureship’s supplier profiles Buyers are able to check the suppliers’ Achilles scores on the spot during the evaluation of quotes The Achilles Sustainability Score will be reflected in Procureship’s supplier profiles and displayed in supplier search engine results. Additionally, buyers will be able to check the suppliers’ Achilles scores on the spot during the evaluation of quotations. This will allow maritime purchasers to easily source products from companies that align with their standards, providing greater transparency and confidence in their procurement decisions. ESG module to marketplace services “Procureship identified the need for an ESG module to complement our existing marketplace services and recognised the expertise we would gain through this partnership with Achilles,” said Grigoris Lamprou, Co-Founder and CEO of Procureship.  “For our clients, the ability to easily access information on supplier sustainability practices reinforces trust across the supply chain.” Shipping sector purchasing process “The aim of Achilles is to ensure that procurement professionals within the shipping sector have a streamlined purchasing process that improves visibility, drives ESG metrics and increases process efficiency,” said Paul Stanley, CEO, Achilles. “Including supplier sustainability data within an e-commerce platform like Procureship, cements this strategy with a simplified, yet robust process.”

Procureship, the pioneer e-procurement platform for the global maritime industry, has signed an agreement with Shipnet. The Norwegian vessel management software provider, to bring its award-winning e-procurement service to its online maritime operation app. Shipnet and procureship unite The deal will enable all Shipnet users to access Procureship’s e-procurement platformThe deal, which was signed during Sea Asia in Singapore on 25 March, will enable all Shipnet users to access Procureship’s e-procurement platform to boost their fleet management capabilities when it comes to procuring relevant parts and services for their vessels. With the integration of Procureship into its ecosystem, more than 230 shipping players will now be able to use Shipnet ONE, which helps vessel owners, operators and managers to manage their commercial operations and understand their fleet’s technical needs, safety, logistics and finances in one place, to significantly enhance their procurement processes. Optimising marine procurement With access to a global marketplace of marine suppliers and service providers, Shipnet users will be able to use Procureship’s enhanced functionalities—such as the 100% quotation automation, the supplier and service provider recommendation engine, and the unique AI-powered invoice checking solution—to drive down costs, reduce vessel downtime, and optimise their spending. As part of the deal, Procureship will also be providing its real-time market analytics and reporting feature to Shipnet users, enabling them to make more informed and data-driven decisions to improve the efficiency of their vessels and their daily operations. Powering smarter shipping “Data is driving spending decisions more than ever and shipping players need access to critical data in their procurement processes to help manage costs and have more control over the entire process.” “We are pleased to be able to bring the Procureship platform to Shipnet and its global userbase as we continue to enhance the procurement process for ship owners all over the world,” said Carsten Schmidt, Procureship VP of Sales. Shipnet & procureship unite “The Shipnet ecosystem enables shipping players to access innovative solutions to the unique problems of the maritime industry. By partnering with Procureship, we are bringing one of the pioneer digital solutions in the market to our platform and enhancing the capabilities and procurement processes of our users.” “Crucially, this move will bring more value to our users that continue to be on the lookout for ways to significantly optimise their fleet management capabilities,” said Niall Jack, Product Director at Shipnet.

Procureship, provider of the world’s major digital e-procurement platform for the maritime sector, has reaffirmed its position in the Asia-Pacific region with the announcement that Gary Yeow is to lead the company’s Singapore office. Establishing strong partnerships With over a decade of experience in the maritime sector, including roles at Sembawang Shipyard, Sembcorp Marine, and VesselMan, Gary will play a pivotal role in expanding Procureship’s client base and establishing strong partnerships across Singapore and the wider Asia-Pacific region. Notably, Gary Yeow brings extensive expertise in cloud-based Software-as-a-Service (SaaS) solutions designed specifically for the maritime industry. Singapore office Asia-Pacific region’s shipping lines include Eagle Bulk Shipping, Maran Ship Supplies, Suntech Ship Management Procureship launched its Singapore office in September 2023 and has since welcomed a number of the Asia-Pacific region’s shipping lines to the platform. These include Eagle Bulk Shipping, Maran Ship Supplies, Suntech Ship Management, and Zeaborn Ship Management. "I am excited to join Procureship and help expand its presence in the Asia-Pacific region," commented Gary Yeow. e-procurement platform Gary Yeow adds, "The company’s impressive e-procurement platform is already transforming the maritime industry for ship owners, managers, and suppliers around the world." He continues, "By cementing Procureship as a part of maritime’s pioneering shipping centre here in Singapore, I look forward to more users across Asia joining the platform to make vital cost savings and operational efficiency gains." SaaS solutions Grigoris Lamprou, Co-Founder and Chief Executive Officer of Procureship, said, "We are delighted to have Gary on board to lead our expansion in the Asia-Pacific region. His experience will be invaluable as we continue to grow our presence and reputation in this key market." He adds, "Gary’s deep understanding of SaaS solutions will be crucial in helping us to bring Procureship’s unique value proposition to the wider shipping community." Streamlining through a cloud-based system "Our platform offers a secure and highly effective e-procurement solution. By connecting buyers and suppliers through our cloud-based system, we enable them to streamline their processes without the typical inefficiencies of traditional procurement methods," continues Grigoris Lamprou. He further states, "With Gary pioneering our Asia-Pacific operations, we’re confident that we will drive further growth and enhance our reach in this crucial region." Machine Learning and Automation Gary’s appointment comes as Procureship continues to enhance its platform capabilities, incorporating features such as freight forwarding optimisation, tender/contract management, and vendor management. These features utilise advanced technology, including Machine Learning and Automation, to make critical efficiency gains to the day-to-day operations of shipping companies.