SOURCE: Triple Point Technology

Triple Point Technology

November 10, 2010 09:00 ET

Berge Bulk Selects Triple Point Software to Manage Chartering and Vessel Operations for Dry Bulk Commodities

SINGAPORE--(Marketwire - November 10, 2010) -  Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Berge Bulk has licensed Triple Point's flagship chartering and vessel operations software to profitably manage all pre-and-post fixture activities of its rapidly expanding dry bulk commodity shipping operations, specializing in iron ore and coal.

Triple Point's chartering and vessel operations software is based on mature, well-tested products obtained in its acquisition of Softmar -- now the chartering and vessel operations division of Triple Point. The shipping division serves over 80 blue-chip clients and more than 2500 users throughout North America, South America, Asia, and Europe.

Berge Bulk is one of the world's leading dry bulk operators with a fleet of over 6 million DWT that mainly operate on long-term charters. The company is headquartered in Bermuda with offices in Norway and Singapore. 

"Triple Point's shipping software provides world-class dry bulk operators like Berge Bulk the systems required to streamline business processes and improve visibility into vessel performance-reporting and tracking," said Simon Woods, chief customer officer and managing director - Asia Pacific, Triple Point. "Triple Point looks forward to helping Berge Bulk successfully manage its rapidly expanding dry bulk commodity shipping operations." 

Triple Point is successfully claiming market share with a diverse group of commodity houses, energy companies, industrial manufacturers, CP companies, and ship owners/operators that have selected Triple Point to manage the supply and distribution of commodities via ocean-going vessel, including: Maestro Shipping, Prime East, Berge Bulk, Ultrabulk, Practica Shipping, United Arab Chemical Carriers (UACC), Atlas Shipping, Navios Maritime, U-Sea Bulk, Oldendorff, Isaphia, Petredec Services, SAB Miller, Hindustan Petroleum-Mittal Energy, Gunvor International B.V., Louis Dreyfus, Bunge, Glencore, Transgrain (Nidera), and Olam International.

About Triple Point Technology
Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk. Triple Point's growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers. The company was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute. Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform. Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe.

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