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Newsletter: June 2009

Mv-Fleet™ user jumps in profits.

Seaboard Marine; an ocean transportation company that provides direct, regular service between the United States and the Caribbean Basin, Central and South America; has fully implemented Mv-FleetTM saving time, optimizing equipment repositioning and creating new opportunities as part of the company's daily work flow. This US liner operator reported a jump in profits for the first quarter and indicated that it was evaluating the purchase of additional vessel capacity.

VC fund Aconcagua Ventures trust in CC&S vision.

Aconcagua Ventures, a high-tech venture capital firm and co-founders of Core Security, have invested in CC&S. This investment will assist CC&S' team to realize their vision of creating a platform to assist container operating companies in the management of empty container flows and reducing costs through the 'compete and share' concept. CC&S' MvFleetTM is emerging as the global standard for empty Equipment repositioning Communication and proving to be the most effective way to reduce costs and create business opportunities among carriers and providers.
Aconcagua Venture members created Core Security which today is the global leader in comprehensive security testing software solutions that IT executives rely on to expose vulnerabilities, measure operational risk and assure security effectiveness.

Related industry news:

Key to survival lies in stronger cooperation, CKYH Alliance

(Source: Cibpubs.com)

Senior management of the four lines that form the CKYH Alliance -Cosco, “K” LINE, Yang Ming and Hanjin Shipping- met on April 9 in Korea to discuss joint strategies on how to overcome the current crisis in the shipping industry.
Strategies like utilisation of assets, such as ships and terminals, and cost-saving by common equipment management, feeder network and contract with third parties were discussed.