IMOS to Handle Tanker Expansion for NSCSA

The National Shipping Corporation of Saudi Arabia (NSCSA) has licensed Veson Nautical’s complete Integrated Maritime Operations System (IMOS). IMOS will manage NSCSA’s chartering and operational activities for its growing fleet of tankers and very large crude carriers (VLCCs) operating world wide in the global tanker markets. NSCSA owns and operates nine double hulled VLCCs, each with an individual capacity of 2.1 million barrels and deadweight of more than 300,000 tons technically managed by its wholly owned subsidiary, Mideast Ship Management Ltd. (MSML), Dubai. These ships will be accessing IMOS remotely to track daily voyage operation activities and actual voyage costs. The NSCSA office in Dubai will host IMOS and will perform the commercial/chartering functions as well as oversee voyage financials; the head office in Riyadh, Saudi Arabia will leverage IMOS for voyage P&L reporting purposes. NSCSA evaluated IMOS for a period of six months prior to its decision to license the software.