WESTPORT, CT -- (Marketwire) -- 07/13/11 -- Triple Point Technology, the leading global provider of software to manage commodities and enterprise risk, announced today the availability of Softmar Chartering and VesselOps version 1108R. The new release of Triple Point's flagship chartering and vessel operations software provides shipping participants with real-time intelligence for vessel position and spot cargos. With this recent functionality, charterers are able to fix cargos and vessels ahead of competitors, decrease ballast time, and increase throughput and profitability.
The unmanageable volume of market communication has always been a limiting factor in the shipping business; charterers can receive thousands of emails a day. Business opportunities are often forfeited by sifting through data and losing analysis time. Triple Point has solved this problem by extending its straight-through processing capability and leveraging the Copenhagen Shipping Exchange's (CPHSE) revolutionary new software service. The service provides structured messaging of open vessel positions, available cargo, and noon day reporting -- all which are now seamlessly integrated into Chartering and VesselOps.
'Our technology reads more than 90% of mail volume, extracting open cargos and vessels around the world,' said Stefan Avivson, CEO, CPHSE. 'Triple Point's unique ability to read, analyze, run scenarios, and turn the data into shipping intelligence is a key differentiator.'
'Extending Chartering and VesselOps so that it seamlessly integrates with the CPHSE is one more example of Triple Point's commitment to automate the end-to-end business process,' said Michael Lolk Larsen, managing director, chartering and vessel operations, Triple Point. 'With this latest move, our shipping customers can preemptively act on market information to gain additional business and decrease ballast time. In today's complex and volatile shipping market -- actionable intelligence that enables proactive and strategic decision-making is the winning factor.'
About Triple Point Technology
Triple Point is the leading global provider of software to manage commodities and enterprise risk. The company provides innovative solutions to competitively address the complex commodities value chain: buying, selling, trading, and procurement; enterprise risk management; scheduling and logistics; storage; processing; and settlement and accounting. Triple Point's Commodity Management platform enables over 260 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries including energy; metals; agriculture; transportation; shipping; consumer products (CP); discrete manufacturers; and big box retailers. Triple Point was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute in 2009, 2010, and 2011. Founded in 1993, the company employs over 600 staff in 12 offices and support centers around the globe. www.tpt.com.
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