Ship shake: Hanjin woes may help float tech, data start-ups

Sep 30, 2016

Ship shake: Hanjin woes may help float tech, data start-ups

The global shipping industry, ravaged by collapsing revenues, defensive mergers and the failure of major player South Korea’s Hanjin Shipping Co Ltd (117930.KS), is slowly waking up to the redeeming potential of technology.

While sensor-laden containers, smart ships and 3D printing have grabbed the headlines, the start-ups making the biggest inroads are those working on something more basic – streamlining the interaction between shippers, freight forwarders, and those actually transporting the goods.

“This is way up there on the list of insanely complex systems with enormous impact on the global economy,” says Trae Stephens of Founders Fund, which this week led a $65 million investment round in Flexport, a start-up focusing on providing logistics services and data.

“We believe doing this in a more efficient way can really move the needle on every part of the economy,” said Stephens, who will join Flexport’s board as part of the investment round.

Container ocean trade is likely to grow no more than 3 percent over the next few years – at a compound annual growth rate – compared to 10 percent in 2000-05, and 5 percent in 2005-10, according to Seabury, a transportation consultancy, and McKinsey predicts shipping oversupply will stay above 20 percent this year and next.

Zvi Schreiber, CEO of Freightos, a Hong Kong start-up that offers Expedia-like quotes for end-to-end freight shipping, says the shipping industry is “manual, inefficient and opaque.”

KPMG found that a quotation for shipping freight typically involved 20 associated fees and, according to the Journal of Commerce, shippers each lose up to $150,000 a year when price volatility and staffing cuts force invoicing errors.

“This industry is broken, there’s no question we have a serious issue,” Jesper Kjaedegaard, partner at shipping and logistics firm Mercator International, told a recent shipping conference in Singapore. “Without technology, this industry is not going to move much further.”

TRANSPARENCY

Kjaedegaard pointed to start-ups like Xeneta, set up by two industry veterans after they failed to convince their employer, shipping giant Kuehne und Nagel (KNIN.S), to introduce greater transparency into rates charged.

“Transparency is viewed by a lot of people in the industry as destructive in that it would negatively affect margins,” said co-founder Thomas Sorbo.

Xeneta’s solution was drawn from the world of consumer start-ups: encourage all those in the industry to contribute rates, creating a crowdsourced database of some 17 million contracted sea-freight rates around the world.

By providing real-time data, shippers can see what they should be paying.

“Suddenly (they) can compare their contracts with others and find out if they’re being ripped off,” Sorbo said.

Venture capital interest in the broad supply chain and logistics industry has been growing, at least until last year. In 2015, consultancy CB Insights counted more than $1.7 billion of investment in start-ups, triple that in 2014. Another $500 million or so was invested in the first half of this year.

Start-ups range from those trying to Uber-ise the industry to those like Natilus, which plans a Boeing 777-size cargo drone which lands and takes off in water. CEO Aleksey Matyushev envisages a world where the cost of transporting goods by air could do away with a lot of the ocean-bound shipping, which accounts for around 98 percent of container freight, according to Seabury.

But, for now, it’s start-ups like Xenetas, nibbling away at the industry’s inefficiencies, that are making waves.

Freightos, for example, provides software that allows logistics firms to manage contracts and automate the quotation and sales process. Last month, it bought WebCargoNet, a Spanish network of air cargo rates.

GT Nexus, which allows shippers to manage their supply chain online, was bought last year by Infor, one of the world’s largest software companies.

Not everyone in the industry is happy with the attention, and question whether such start-ups will be able to carve out much more than a niche.

“They think they’ve reinvented the wheel, and they haven’t,” said Nick Coverdale, a Hong Kong-based industry veteran. The industry “is not as backward as people claim.”

But he acknowledged that technology could play a role, and pointed to a service he will launch next month which would enable freight buyers to choose a sailing online and agree a deal in seconds.

Others have noticed the benefits of embracing such services.

Eddie Soh of Singapore-based Global Air Cargo International, says using Freightos allows him to give a customer a quote quickly, even if he’s on the road, just by pulling out his iPad.

Previously, he said, that involved going back to the office, and trawling through emails and Excel spreadsheets.

Source: Reuters (Reporting by Jeremy Wagstaff, with additional reporting by Keith Wallis; Editing by Ian Geoghegan)

Source from : International Shipping News

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ƬͼƬ ŮƬ߹ۿ ƬСС˵ Ƭ˽ mp3 ƬƵµַ Ƭȫ Ƭ Ƭӳǽ Ƭվ ҿ첥Ƭվ Ƭhushi ƬЩ ƬС˵ Ƭ鲻Խ ˭֪Ƭվ ƬƬ Ƭd Ƭؼ Ƭַ Ƭձ ƬƬ ±ϼƬ߹ۿ ҶƬƵ Ƭ пƬվӰ ŮƬվ ƬӰ Ƭͨ Ƭƿ÷߹ۿ СӰƬ޿첥 ձƬ Ƭ Ƭվÿ첥ͼƬ ƬӰվ ƬŮԱ ƬŮЩ Ƭ߿ ͨƬ Ƭ򲻿 ŮƬ Ƭҳ ƬӰ ĹƬ ƬҶŮĿԹۿ Ƭַ¹ Ƭר ƬӾ Ƭַ Ƭ Ů˼ ձƬ qvod Ƭ ձƬôĵ ĹƬԱ 첥ƬҰ Ƭ Ƭǿ ҿƬֻ Ƭֻ ձƬŮ ɫƬ첥 Ƭַ ƬǿӰ ƬֻƵ Ƭ ƬߵӰ򲻿 ƬͼƬվ Ƭ ƬŮľ Ƭصַַ ƬӰ Ƭ ɫƬ Ƭ߲ ձƬCOM Ƭſ Ƭ Ƭÿ ƬɫƵ ɫƬ߹ۿ򲻿 ֻƬӰ Ƭ ƬӰ ƬַƵ ƬƵƬ ɫƬʲô Ƭĸվû ƬַƬַ ˭ƬվCOM ÿƬַCOM Ƭôĵ ƬƵ ˭ƬĵӰվѽ ƬվǶ ƬͼƬ ƬӰȫٷ Ƭɫ ҿ첥Ƭ Ƭ ŷƬС˵ Ƭ Ƭȫ Ƭ3gp װƬ ƬӰվµַ պƬaƬ Ƭ Ƭ ɫƬ߹ۿ Ƭȥ Ƭվ ŮƬӰ Ƭ ɫƬ Ƭ ʫƬ߹ۿ Ƭf Ƭŵ ƬȫӰ ӰƬƻ ɫƬӰ պƬ߹ۿ ŷƬĿ¼ȫ Ƭַȥ ƬӰ Ƭ߹ۿַ ̨ƬŮ˼ ̨ƬƵ Ƭǿ ձƬ첥 첥ƬŮ ƬɫѸ ձƬѹۿ ɫƬСӰС˵ Ƭµַ Ƭ ſƬ߹ۿ ɫƬСӰ ƬŮ˼ ƬӰ ̨Ƭ 첥Ƭվ Ƭɫ߹ۿ δﻪƬȫ װƬ Ƭȫ Ƭ ɫƬ ޶ƬƵ Ƭŷ ûƬַ ƬƵ Ƭձ ˭Ƭַ ɫƬӰۿ Ƭ Ƭ Ƭµַ Ƭվ ƬѵӰ Ƭ վ ɫƬӰ ҶƬЩ Ƭҳʱ߹ۿ ƬƵ Ƭ ƬɫƵ Ƭ߹ۿ ƬӰ Ƭȫ Ƭ睵 Ƭǿ鰸Ӱ Ƭ ɫƬwwwyy555 ƬӰƵ Ƭ޽Ӱ ƬͼƬ ƬӰ ŷƬǸ ƬƬ йƬӰ ƬĻǷŪ˳˵ ƬӰ ˼ƬɫС˵ ƬƬȫ ƬʬƬ ޲ƬӰ Ƭ Ѹ 첥ƬӰ Ƭxiapshuo Ƭɫ װƬCOM Ƭ Ƭַ ԾƬӰ Ƭ Ƭ ƬӰ ձƬҩԼ Ƭվ޶ ŮƬӰ иƬԱӰ ƬѸ ƬƵ Ƭҳʱ ̺ƬӰ ƬԱ ƬӰ Ƭ߲ Ƭ߹ۿ ƬӰ ƬͼƬ Ƭ Ƭ ƬƵ Ƭ첥Ӱ Ƭdownload ʩƬֻ Ƭ ƬߵӰС˵ ƬӰ Ƭۿվ ƬߵӰµַ ˭֪Ƭվ ƬƬȫ Ƭ첥 ƬƬ Ƭȫؿ첥 װƬ߿ ˿Ƭ װƬ߲ Ƭ ʮƬŮ ߿Ƭվѵ ͨƬٷ δﻪƬ߹ۿ ƬͼƬ ƬƬӰ Ƭħ Ƭ װƬЩ Ƭ԰ ƬΪ ƬƬӰַ 첥Ƭѿ첥 Ƭ߹ۿ Ƭ߹ۿ Ƭ ѩƬع ձƬС˵ ̨ƬŮԱ ƬӰȫ ƬŲҰ2صַ Ƭ˽ ˼ƬƵ װƬ Ѹ ˭Ƭվ صƬվ ƬӰԺַ ƬӰӰ ƬӰ ŷƬӰ ɫƬӰ ̨ƬƵ Ƭ߹ۿ ƬС˵ Ƭվ ƬӰԺվ ±ƬӰ Ƭ߹ۿ Ƭqvod ƬƵ Ƭ첥 ҶƬȫ ƬŮ˵ Ƭ 첥Ƭַ ɩƬaaaӰ ۿƬվ Ƭ¥ ƬվƬ ̨ƬŮ 첥Ƭ߿ Ƭվ Ƭʲô ƬӰ δﻪƬר Ƭַ ŷƬǿ첥 Ƭ߹ۿ Ƭ aƬ Ƭmp4 ӰƬ첥 ƬӰ 뿴Ƭô Ƭнд ˭Ƭվ ƬŮ ƬӰƬӰ ȥƬͼƬ Ƭɫ Ƭվÿ첥ٷվ ƬЩ պƬƵ ŷƬۿ ƬߵƵ ƬѵӰ ƬӰվٷ ƬƵ ƬӰ Ƭ ƬӰͼƬ ɫƬֻ ƬƲ 뿴Ƭԣ Ƭ첥COMƬ첥ͼƬ Ƭһ ƬŮ ƿ÷Ƭ Ƭ߿ ɫƬ ƬƵ Ƭַʲô ޱƬƵ Ƭȥ ձƬԱ ƬӰ ޱƬӰ ƬƵ ƬַǶ Ƭ3gp Ƭ򲻿Ƭʲô Ƭ˽ Ƭֻ ƬӰ 첥ƬƵŮƬ ƬӰ ̨Ƭȥ Ƭ첥µַ Ƭµַ ƬӰ ƬƵ ƬΪ Ƭַ ƬƬվ Ƭ￴ пƬվ ˼ƬɫͼƬ Ƭȫ Ƭ ƬͼƬ ƬӰվ ½ƬƵ Ƭѹۿ Ƭȫ Ƭ Ƭɫ Ƭdvd Ƭɫۿ Ƭ Ƭվ ̨Ƭȫ Ƭ ҹƬƵۿ Ƭrmvb ƬĿ첥Ӱµַ ƬԱǷ Ƭۿֻ ĹƬŮ ӰƬӰ Ƭ ۿ Ƭ ߹ۿ Ƭǿ ۲Ƭ ƬΪ ƬĵӾ ƬɫӰӰ Ƭ ƬЩ Ƭصַµַ Ƭ ֲƬ߹ۿ Ƭ˹Ů ձƬ Ƭ߹ۿ Ƭ첥 Ƭ Ƭڰ칫ҵĴ򲻿 ɫƬ߲ ƬɫӰ 俵ƬƵ ½ƬЩ ƬӰµַ Ƭ13Ƶ Ƭ йƬӰ򲻿 ÿƬ ƬɫƬ ƬЩͼƬ ƬѸ Ƭտ Ƭ ŷƬӰ Ƭ ŷƬǹٷվ Ƭ Ƭ¹ odƬµַ պƬַ ƬӰ ƬŮħ Ƭֹ δﻪƬ߿ Ƭ 첥Ƭ Ƭṵ Ƭĸ ƬӰȥ δﻪƬ 俵ƬӰ Ƭַ첥 ӰƬѿ ƬվӰ ƬƬӰ򲻿 ƬӰ ƬƵ Ƭȥ Ƭ ƬӰַ Ƭվ첥 Ƭ￴ Ƭַ ѿƬַ ƬƵ ƬBT Ƭഺ Ƭַ Ƭַ ½ƬŮ˼ ƬͼƬ ƬСӰվ ĹƬĺŮ Ƭɫ ƬŮ Ƭɫٷվ ƬӰ ƬӰ ƬӰ ӰƬظ СӰƬ޹ Ƭ߹ۿ Ƭַ Ƭ첥ӰС˵ ˭Ƭַ Ƭ ƬЩ ԾƬ ƬͥǿѵӰ ̨Ƭȫ ҶƬ鲻Խ Ƭ߹ۿ Ƭ첥 ձƬȥ Ƭַµַ ɫƬɫƬͼƬ Ƭ߲ Ƭ߿ ӰƬֻ 첥ƬӰվֻ ƬӰվ ƬӰ Ƭ3gpѸ װƬ첥 ձƬ Ƭ˽ ˼ƬͼƬ Ƭ Ƭ ȫ ɫƬӰµַ ̺ƬӰ Ƭ첥 Ƭȫ Ƭַ δﻪƬӰȫ ƬӰȫƵ ձƬ߹ۿ Ƭm Ƭ߹ۿ Ƭʲô ƬӰӰ Ƭq Ƭ첥 Ƭѹۿ ƬеavŮ Ƭۿ ƬӰ ɫƬӰ ʩƬͼƬ Ƭ߲ Ƭվ ձƬȫ ŷƬҹ Ƭ̬ͼƬ ܿƬַ Ƭ߿ ŷƬѸ mp5Ƭ Ƭ Ƭ ˭֪Ƭַ Ƭƿ÷첥ۿ Ƭƿ÷ ƬƵƬ ƬѸ йƬƵ Ƭ߿ձ Ƭ Ƭ ˭Ƭ ƬƷ Ƭ߹ۿ ƬѲ ƬӰ Ƭվ첥 Ƭ3gp ƬӰ Ƭ ŷƬ ƬӵӰ Ƭȫ߹ۿ Ƭ »ƬӰ ƬQVOD Ƭ ƬB³¹ϣͼ ƬԴ Ƭ ƬƬڹٷվ ƬƵ 2Ƭ߹ۿſƵ Ƭ׼ĦԺŮȫ׷ Ƭصַ ƬCOM Ƭ ƬBT Ƭ Ƭɫ򲻿Ƭɫ鶯Ƭ Ƭصַ Ƭ߹ۿ Ƭ Ƭͼ ƬӰ̰ Ƭعۿ Ƭs Ƭվ Ƭȫ Ƭɫ ƬԱͯ Ƭصַµַ ƬЩС˵ Ƭߵȥ ƬȥĿȫ Ƭ ±ϼƬعۿ ƬŮѪ Ƭ߿ͼƬ Ƭ ƬȥƬƵ Ƭ첥Ӱ Ƭ Ƶ ƬӰ ɫƬվȥ Ƭߵ򲻿 ƬƬ Ƭ߿ Ƭ Ƭ ƬͼƬ Ƭ ձƬƵ ƬߵӰ ƬӰȫʲô ˭ƬӰ Ƭй ҶƬЩ ƬС˵ uƬЩ Ƭ߹ۿٷ ֻƬ Ƭվÿ첥վ Ƭ Ƭµַ ƬƵͼƬ ƬƵֻ Ƭ ŷƬƬ ɫƬ Ƭ ҿƬ¹ ձƬͼƬ ƬƬ ˼Ƭ ˼ƬƵ Ƭտ Ƭ Ӱ ƬӰ Ƭĸ ˭Ƭվ Ƭ Ƭ Ƭۿ Ƭַ ŷƬվ Ƭֿ첥 ÿƬЩ Ƭa ƬӰ߹ۿ Ƭȫ Ƭ߿Ƭ Ƭ ŷƬƵ ̨Ƭȫ Ѹ Ƭƿ÷ۿ 俵ƬЩ ߿Ƭ޹Ӱȫ Ƭصµַ 첥ƬӰվվ δﻪƬӰ Ƭʲô Ƭ Ƭ첥 Ƭ Ƭying uƬ߲ Ƭѵַ¹ ѵƬ ˭ƬС˵ѵ ƬͼƬ Ƭ첥ӰӰ Ƭ ƬŮ Ƭ ˼ƬӰ Ƭ Ƭ ƬCOM ձƬ ƬӰ ˼Ƭɫͼ Ƭ֮붯ͼƬ Ƭ岥԰ȫƵ Ƭ߹ۿ Ƭַ Ƭκϼ ƬӰ Ƭվ 첥Ƭֻ Ƭ̳ Ƭµַ Ƭϣ ±Ƭ߿ Ƭ鲥 Ƶ ɫƬ߿С˵ Ƭַ ̨Ƭƿ÷ ƬͼƬ ŷƬ߹ۿ ½ƬѸ ƬŮѪ Ƭȫ Ƭѹۿ ˼Ƭƿ÷ ƿ÷Ƭ߹ۿ ƬɫӰվ ƬѸ ƬۿƵ ȥƬӰ Ƭ4ɫ µƬַ ƬСѨ ƬӰɫƬƵ ƬеĿ ɵƬ Ƭ Ƭ߹ۿ Ƭ Ƭ߹ۿ ˭Ƭַ ûƬ Ƭɫ齫Ѹ Ƭַµַ Ƭ ƬӰЩ Ƭ̩ Ƭٷվ ƬƵȫ Ƭһҳ Ƭһɫ Ƭƿ÷߹ۿ Ƭɫ ձƬdvd Ƭ鹦 Ƭ˽mp3 Ƭۿַ򲻿 װƬѸ Ƭصַ ƬվǶվ Ƭɫ ƬƵڴϷͷ ѵƬ첥 ƬӰ ƬӰ Ƭ Ƭ¹ ƬӰ Ƭ3gp ɫƬ߿Ƶ ҶƬƵ Ƭ պƬֻ Ƭȫظ ƬӰƵ װƬѲ ½Ƭ߹ۿ ̨ƬЩ ƬվǶٿ첥 ɫ Ƭ Ƭ Ƭ Ƭ򲻿 ձƬܽȥ Ƭ׿ Ƭȥ ƬߵӰС˵ ƬӰ ƬĿ첥Ӱ¹ ɫƬͼƬ ƬۿַС˵ Ƭ ƬɫӰӳ Ƭ ƬӰ򲻿 첥Ƭ ձƬƬվ ɫƬվ Ƭ߹ۿ Ƭĵ Ƭ ƬQVOD ƬַӰ ŷƬ Ƭٷվ ƬƬ ƬCOM Ƭֱ ƬͼƬ ±ϼƬ߲ Ƭ֮ɫƬ Ƭվַ ԾƬ ɫƬ߹ۿ Ƭַ Ƭ ƬƬӰµַ ƬЩѵ Ƭĸÿ ƬӰµַ Ƭ ƬձŷƬ ˭Ƭվַ ˼Ƭַ mp4Ƭ˶ ̨ƬͼƬ ɫƬ ԸƬӰ ƬŮ Ƭô ƬվCOM δﻪƬ ƬӰ Ƭɫվ Ƭ ƬŮ ƬַCOM Ƭۿ Ƭַ ͵ƬϵƬ ƬƬȫ ƬŮ˺͹ͼƬ ƬƵ Ƭ˿ ɫƬ͵ ӰƬַ ƬƬ򲻿 ȥƬƵ ƬŮ Ƭ ؽƬ ƬС װƬ Ƭڹۿ ƬƭԴҩ Ƭվÿ첥COM ƬƵ Ƭƿ÷ Ƭͼ첥 aviƬӰ Ƭ ѵƬٷվ Ƭȫ ˼Ƭƿ÷ Ƭձ ƬѸ Ƭַ 첥Ƭڷ Ƭվ ɫƬվ첥 Ƭ ׿ Ƭ߲ ҪƬӰ δﻪƬЩ Ƭ򲻿 ִƬ߹ۿ ƬǸվȥµַ ƬԿ ƬӰ Ƭվ򲻿 Ƭ ëƬ Ƭ 뿴ƬӰ ƬӰȹ Ƭ Ƭɫ ƬۿַƬ Ƭۿ Ƭվ ƬƲݺ 첥Ƭû йƬŮ ƬƵ ŷƬ߲ ƬɫӰ ɫƬٶӰ ɫƬֻ Ƭƻ ƬС ƬӰҹ ߿Ƭվ ѵ ƬԽµַ ձƬվ ƬҹӰ ƬҶ Ƭҩ ƬӰ Ƭѧ Ƭ Ƭ Ƭ ĹƬ Ƭɫ ƬӰ ɫƬۿ ƬƬ߲ ƬӾƿ÷ ƷƬͼ Ƭ°ĵӰ Ƭ첥ӰƬ Ƭ йƬĵӰ Ƭ󼯺 ƬӰ ƬϷ ƬЩ ɫƬѹۿ ƬĿ첥Ӱֻ ƬӰ ƬƬ ̨Ƭ Ƭ߹ۿ ƬŮԽͼƬ Ƭ߹ۿ ƬӰƿ÷ Ƭ ձ ƬӰ Ƭ ƬС ƬӰۿ Ƭ¿ 俵Ƭվ ˼ƬӰ Ƭ ձƬ ̨ƬӰԺ Ƭ֮ⷿ Ƭ ƬƬ ձƬŮ Ƭ Ƭ ̨ƬŮӼ Ƭ Ƭվۿ ҶƬ Ӱ Ƭ¼ Ƭۿ Ƭ߹ۿ ƬͼƬ ƬŮԱ Ƭ첥ٷվ Ƭĵ 첥ƬվͼƬ ƬbtӴȫ Ƭۿַ ̨Ƭ Ƭַַ Ƭ Ƭƿ÷ Ƭعۿ ƬЩ ƬƵ Ƭ԰ mp4Ƭ ͨƬͼƬ Ƭ͵Ů ±ƬƵ ձƬŮ˭ Ƭصַٷ Ƭ߿ ɫƬƵ Ƭվ Ƭд ƬƬɫӰ ŷƬɫ ƬϹۿ պƬ Ƭվ Ƭר ۵ƬӰ Ƭȫ ɫƬСӰֻ Ƭɫֻ ƬƵ Ƭȫصַ Ƭվ ŷƬԽƵ Ƭۿ Ƭվ ƬַʲôƬַվ Ƭ Ƭַ ƬŮ ƬիƵ Ƭqvod ƬƬ߹ۿ ƬӰԺʲô ҿƬƵ Ƭ Ƭַ Ƭ߲ ѵƬµַ ƬԴ ƬƼ ԿƬվ Ƭ߹ۿƵ ƬκϼBT Ƭ ƬЩƵ Ƭκϼ Ƭ Ƭɫ ŷƬ Ƭ˭վ ̨Ƭvideo ƬԴ ƬƬ ƬƲݺ ƬӰ Ƭ߲ Ƭصַȫ ɫ Ƭ Ƭ ƬЩӰ δﻪƬר Ƭ򲻿 Ƭ 뿴Ƭô Ƭվ ƬƵ Ƭ Ƭ Ƭѿ ŷƬ Ƭվ Ƭַ ߿ƬƵվ ƬȫĿ¼ ɫƬӰ ̺ƬЩ ȥƬ ±Ƭۿ Ƭ Ƭ԰ Ƭῴ ѸƬ Ƭ ƬЩӰ Ƭë Ƭdvd ŷƬŮԱ ޶Ƭվ 16¥Ƭ߲ ƬձŮ Ƭ ɫƬַ ձƬŮԱ ƬӰվ ƬӰԺٷ Ƭ 俵ƬЩ ̨ƬͼƬٷ ձƬܸ Ƭֻ Ƭ Ƭdvd ƬӰԺ ƬͼƬ Ƭʲô Ƭȫ522 ƬվЩ Ƭصַ ˭ƬվͼƬ ǿƬ߹ۿ Ƭbt ̨ƬƬ Ƭ Ƭվַ ƬӰ߿ Ƭ ̯ ƬվС˵ պƬȥ 첥Ƭȫ ƬƬӰ ƬЩӰǺƬĿ Ƭ첥 Ƭ ƬƵ ҶƬȫ Ƭ ƬƬ ŷƬbt ɫƬ߹ۿµַ ̺Ƭbt Ƭ ƬԻвô Ƭ Ƭ 첥ƬվƵ ƬƵ ƬǸվȥѹٷվ ƬԽƵ ֣Ƭ Ƭ̽ Ƭɫ Ƭ߹ۿٷվ пƬο ƬŮԱ Ƭⰲװۿ Ƭվ