BULK CHARTERING DOT-COM LEVELSEAS RAISES MORE FINANCE
LevelSeas, a bulk chartering electronic marketplace provider, said that 26 companies will invest in the venture.
The new investors, representing a wide spectrum of the bulk ocean transportation industry, have agreed in principle to invest and become participants in LevelSeas. They would join BP, Cargill, Clarksons, Shell and venture capital company eVolution Global Partners, the venture’s existing investors.
The 26 companies that intend to join are: A. P. Moller, Alcoa Steamship Co., Bocimar, Lauritzen Bulkers, Archer Daniels Midland/Toepfer International Group, Mitsubishi Corp., Armada Shipping, BHP Transport and Logistics Pty Ltd., A. M. Nomikos Transworld Maritime, Billiton Marketing, Norden, Pan Ocean Shipping, Chevron Transport Corp. Ltd., Rio Tinto Shipping, Coeclerici Armatori, Teekay Shipping, Companhia Vale do Rio Doce, A/S Dampskibsselskabet Torm, Louis Dreyfus e-Business Ventures, TotalFinaElf Group, Fairmont Shipping, Transfield Shipping, Fednav Ltd., Tschudi & Eitzen Bulkers, Glencore International, and Western Bulk Carriers Holding.
LevelSeas did not disclose the amount of the finance to be raised from the new investors.