SOURCE: Triple Point Technology

Triple Point Technology

August 30, 2012 03:00 ET

Norsul Selects Triple Point Chartering and Vessel Operations Solution

RIO DE JANEIRO, BRAZIL--(Marketwire - Aug 30, 2012) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today that Companhia de Navegação Norsul (Norsul) has licensed its shipping software to manage chartering and vessel operations.

Operating since 1963, Norsul is one of Brazil's leading private maritime commerce companies and possesses the country's largest privately owned fleet. Norsul specializes in transporting dry-bulk and neo-bulk cargoes over inland and ocean waterways. The Norsul fleet is capable of serving almost all transportation needs between South American countries for iron ore, bauxite, wheat, corn, soybeans, sugar, salt, and steel products.

Norsul chose Triple Point's next-generation shipping software solution, Chartering and VesselOps™, because it uniquely met Norsul's requirements for an integrated solution that could manage current needs related to vessel chartering and post-fixture activities, and future needs related to tug and barge operations. Also key to Norsul's selection was Triple Point's ability to provide local support via its Latin American headquarters in Brazil.

Triple Point Chartering and VesselOps provides a global view of vessel movements, market cargo availability, and existing cargo commitments. It enables the commercial maritime community to make more informed and proactive decisions, streamline day-to-day operations, and protect profits. Chartering and VesselOps is used to manage commercial shipping operations at over eighty companies with 2,500+ users across the globe. Customers include Alfred Toepfer, Bunge Limited, Kuok Group, Louis Dreyfus Commodities, Viterra, and Ultrabulk.

About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics to optimize end-to-end commodity and energy value chains. The company provides real-time, innovative solutions to competitively address the complex and volatile commodities supply 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 400 customers in 35+ countries to profitably manage exposure to energy and raw materials across industries, including energy, metals, minerals, agriculture, transportation, shipping, consumer products (CP), industrial 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, 2011, and 2012. Founded in 1993, the company employs over 800 staff in 14 offices and support centers around the globe.

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