Neste Oil Corporation has purchased Veson Nautical"s Integrated Maritime Operations System (IMOS) Trading module for its Shipping Division.
Neste Oil Corporation has purchased Veson Nautical"s Integrated Maritime Operations System (IMOS) Trading module for its Shipping Division, to be used for monitoring and managing physical and Forward Freight Agreement (FFA) positions and risk.
Neste"s Shipping Division already currently uses Veson Nautical"s IMOS Chartering, Operations and Financials modules to manage all commercial shipping activities for its 30-vessel fleet. The company transports about 40 million tons of crude oil, oil products and chemicals annually in the Baltic, the North Sea and the North Atlantic Region.
?Our IMOS implementation last year was quite successful ? in fact we received company-wide recognition for it ? so we knew when it was time to select a Trading system, Veson Nautical would be our vendor of choice,? said Joakim Kärkkäinen, vice president of Neste Oil Corporation"s Shipping, Finance and IT Department.
?Veson Nautical IMOS will enable us to automate the full range of trading activities; in addition, the benefits of having all four modules link together to create a completely integrated system handling chartering, operations, financials and trading is a major advantage.?
John Veson, president of Veson Nautical, commented: "Our software gives Neste visibility to quickly understand their exposure so their team can hedge against risk that may impact their profitability. We are pleased to team with Neste Oil again and look forward to yet another successful implementation.?