Neste Oil Uses Veson Nautical IMOS Trading
Veson Nautical, the US-based developer of proven software solutions for the commercial maritime community, announced that Neste Oil Corporation has purchased Veson Nautical’s Integrated Maritime Operations System (IMOS) Trading Module for Neste’s Shipping Division. Veson Nautical IMOS Trading provides a solution for monitoring and managing physical and Forward Freight Agreement (FFA) positions and risk. Currently, Neste’s Shipping Division utilizes Veson Nautical’s IMOS Chartering, Operations and Financials modules to manage all commercial shipping activities for its 30-vessel fleet. Ports of call include the Baltic, the North Sea and the North Atlantic Region; the company transports about 40 million tons of crude oil, oil products and chemicals annually.
Veson Debuts IMOS Trading Module
Veson Nautical, which delivers chartering, operations and accounting solutions for cargo transportation, introduced IMOS Trading, a complete system module for handling Forward Freight Agreements (FFAs), Options and Freight Exposure. “Commercial maritime organizations need to implement strong risk management processes to protect their business from volatile markets. Many have outgrown the Excel spreadsheet method and in fact, need a much more sophisticated, automated system,” said John D. Veson, President of Veson Nautical. “After listening to the needs of our customers, we developed IMOS Trading. Our solution provides access to powerful analytical tools that promote intelligent business decisions.
