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Shipping sites sink and swim in tech tsunami

ShipDesk, the UK-based online ship chartering site, has sunk into liquidation in the same week that LevelSeas, a web-enabled chartering tools provider, pulled in extra ballast with a second round of funding.

ShipDesk headed for trouble when both Tufton Oceanic, the shipping financiers backed by US-based private equity firm GE Capital, and software house Optimark Technologies pulled out. Both were founding partners.

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