SOURCE: Triple Point Technology

Triple Point Technology

March 08, 2011 04:00 ET

Hamburg Bulk Carriers Selects Triple Point to Manage Chartering and Vessel Operations for Dry Commodities

LONDON--(Marketwire - March 8, 2011) - Triple Point Technology®, the global leader in commodity and enterprise risk management software, announced today that Hamburg Bulk Carriers (HBC) has licensed Triple Point's chartering and vessel operations software to manage pre- and post-fixture activities for transporting dry bulk commodities, including coal, aluminum, petroleum coke, fertilizer, cement, clinker, scrap, grain, steel, pig-iron, and ore.

Founded in 1999, HBC transports an average of 6 million tons of cargo a year. In recent years the company has chartered over 500 vessels from Handysize to Panamax size.

"Triple Point's chartering and vessel operations software provides HBC with the functional depth and breadth to profitably manage operations, including voyage estimating, post-fix operations, and bunker procurement," said Michael Lolk Larsen, managing director, chartering and vessel operations, Triple Point. "Triple Point is proud to include HBC as a shipping customer and looks forward to supporting future growth."

Triple Point is successfully claiming market share with a diverse group of commodity participants, 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: Bunge, Louis Dreyfus, Transgrain (Nidera), Olam International, Glencore, Gunvor International B.V., Hindustan Petroleum-Mittal Energy, SAB Miller, Petredec Limited, Prime East Shipping, Berge Bulk, Beluga, United Arab Chemical Carriers (UACC), and U-Sea Bulk.

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 12 offices and support centers around the globe. www.tpt.com.

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