Ocean TankersOcean Tankers has licensed Triple Point’s chartering and vessel operations software to manage all pre- and post-fixture activities for its wet bulk shipping operations. Ocean Tankers specializes in the transportation of petroleum and related products and provides worldwide coverage.

Incorporated in the Republic of Singapore in 1978, Ocean Tankers has over 2.3 million DWT (Deadweight tonnage) of carrying capacity and services a wide network of customers, including oil majors, state-owned oil companies, and international trading houses. The company manages a fleet of 83 vessels, ranging from small coastal vessels to large ULCCs (Ultra Large Crude Carriers).

“Shipping is a key element of an efficient and effective commodity supply chain, and Triple Point provides the only commodity management solution with the functional depth and breadth to handle voyage estimating, post-fix operations, bunker procurement, and freight risk management in its shipping platform,” said Michael Lolk Larsen, managing director, chartering and vessel operations, Triple Point. “Triple Point is proud to include Ocean Tankers as a customer, and we look forward to supporting its growing operations.”

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.

https://www.tpt.com/wp-content/uploads/2011/03/HamburgBulk.jpgHamburg 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.

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Are you prepared for the sweeping regulatory changes brought on by the Financial Reform Bill? The new financial reform law is not isolated to just banks and will dramatically alter the landscape of energy and commodity trading and hedging.

Triple Point recently hosted a webinar on the Dodd-Frank Act and what you can do now to prepare for the new regulatory requirements.  In case you missed you live webinar, here is a link to download the webinar and view at your convenience.

In this webinar, Michel Zadoroznyj, Vice President of Product Center, Treasury and Regulatory Compliance Division at Triple Point, discussed how the Dodd-Frank Act will impact the future of energy trading, who will be affected by the new rules and the implementation timeline.  Additionally, all attendees learned 8 steps to ensure you have the IT and reporting infrastructure in place to handle new rules on position limits, central clearing, margining and more.

To hear the 8 Steps to Prepare for the Dodd-Frank and learn more about the sweeping regulatory changes, download the webinar below.

Webinar Image

Beluga ShipBeluga Shipping GmbH licensed Triple Point’s flagship chartering and vessel operations software to profitably manage all pre- and post-fixture activities of its heavy-lift transport operations.

Beluga Group provides a full range of customized transport solutions including shipping, chartering, and fleet management operations. Beluga Group is the worldwide leader in the heavy-lift shipping segment and operates a modern fleet of 72 multipurpose heavy-lift project carriers, equipped to lift a combinable load of up to 1400 tons. The company is based in the Hanseatic city of Bremen, Germany and serves targeted industry sectors including oil and gas, refining, petrochemicals, wind energy, and more.

“Triple Point’s shipping software enables Beluga Group to meet strict requirements for precise handling and transport of the largest, most complex cargoes anywhere in the world,” said Michael Lolk Larsen, managing director, chartering and vessel operations, Triple Point. “We are pleased to add Beluga to our expanding community of world-class shipping customers.”

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, Beluga Shipping, 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.

Revenue Chart

For those of you who follow Triple Point news, you might have recently seen that Triple Point recorded record revenue for 2010. Following our recent announcement, Dr. Gary M. Vasey of CommodityPoint posted this blog with some interesting observations on Triple Point’s growth over the last three years and his perspective on how Triple Point has found success in a difficult industry.

Gary points out that, “a quick review of the company’s previous years announcements shows that Triple Point is successfully growing on a consistent basis recording 21 new clients in 2008, 36 in 2009 and 41 in 2010. Additionally, the company has seen recurring software revenue growth of 72% in 2008, 55% in 2009 and 37% in 2010 as well as growth in profits each year.”

Everyone at Triple Point is very proud of our growth over the past 3 years and our record revenue in 2010, especially in the face of the recent financial crisis. In addition to our record-setting revenue in 2010, we also charted record profits and software sales driven by product innovation, new market penetration, and strong customer support.

2010 Highlights from the recent announcement include:

–        41 new customers signed

–        52% year-over-year EBITDA growth

–        64 customer go lives

–        105 new license transactions

–        500% year-over-year customer growth in EMEA; 400% in EMEA

In case you missed the announcement, you can read the full announcement here.

I fully expect 2011 to be another record setting year for Triple Point as companies across a wide variety of industries like mining, transportation, industrial manufacturing, consumer products, food & beverage, fuel marketing, petroleum refining, oil & gas production, chemicals, commodity trading, financial services, gas marketing, and electric utilities look to purchase technology solutions to tackle mounting commodity management issues.

CBA LogoTriple Point Technology won top honors in two categories in the 2010 Commodity Business Awards (CBAs); Excellence in Commodity Logistics and Commodity Trading and Risk Management (CTRM). The awards illustrate the depth and breadth of Triple Point’s multi-commodity software platform.

The CBAs recognize talent and excellence throughout the commodity complex and address 20 key business disciplines under three award categories: Trading, Risk, and Portfolio Management; Commodity Market Development; and Commodity Transactions Management. Triple Point scooped two awards in Commodity Market Development which reward firms that have excelled overall and in specific sectors of the commodity complex — trading, risk management, client advisory, and portfolio management.

“Awards are another point of affirmation that Triple Point provides the most advanced commodity management software,” said Michael Schwartz, chief marketing officer, Triple Point. “It’s gratifying to be consistently recognized by industry leaders including Gartner Inc., Deloitte, SAP, and Inc. Magazine to name just a few.”

Triple Point was recently bestowed the following industry recognition: Gartner Inc., the world’s leading information technology research and advisory firm, named Triple Point a ‘leader’ in the ETRM Magic Quadrant in 2009 and 2010. Triple Point earned its top position by leading the field in ability to execute and ranking second in completeness of vision. In 2010 Triple Point was recognized as the 51st fastest growing technology company by Deloitte for its 220% revenue growth over a five-year period. Triple Point was also named an SAP Pinnacle Award Winner and one of Inc. Magazine’s fastest growing private companies for four consecutive years.

“Over the last decade, commodities have moved from a niche to a mainstream investment opportunity,” said Guy Isherwood, awards patron and publisher/editor of Commodities Now magazine. “These Awards recognize and reward those companies making a significant impact on the way commodity business is conducted, as well as those institutions making a positive contribution to the development of markets, client responsibility, and investor satisfaction.”

Adjudicated by Commodities Now magazine and numerous market specialists, CBA winners were announced at the inaugural ceremony held at Glaziers Hall in London, UK. The Awards were presented to Roger Walton, Triple Point’s Vice President of Field Operations, EMEA.

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