OpenLink, Veson Nautical, and Wipro Limited unveiled a strategic partnership called RapidLNG: a software package that optimizes the entire Liquefied Natural Gas (LNG) supply chain.
RapidLNG combines leading IT tools from OpenLink, Veson Nautical, and Wipro to create a software platform that specifically supports LNG planning, shipping, and trading requirements for traders, schedulers, and others involved with the buying, storing, or regasification of LNG for local market distribution. The pre-configured software package will help companies reduce operating costs, as well as the need for expensive reconciliations and IT infrastructure.
The solution helps users manage risk and P&L reporting across LNG assets in real-time, including maritime transportation as well as physical and paper trades. It facilitates seamless data transfer throughout the entire LNG value chain and improves decision making through accurate reporting and greater visibility into costs across the organization. With RapidLNG, customers can automate LNG-specific bunker calculations, like Boil-off/FOE Conversion, enabling their shipping operations to generate accurate voyage P&L statements and increase operational efficiency.
RapidLNG is a result of a seamless integration of the following software solutions: OpenLink’s Endur LNG Xpress, Veson Nautical’s Integrated Maritime Operations System (IMOS) LNG Module and Veslink, and Wipro’s PAO (Planning & Optimization) LNG solution.
For shipping, Veson Nautical’s IMOS LNG offers LNG tanker charterers and owners the first software solution designed around their business process. IMOS LNG captures LNG vessel and voyage properties and streamlines operational data flow across chartering, operations, financials, and vessel reporting. “Veson Nautical is pleased to join hands with Wipro and OpenLink on this key initiative to deliver broad support to the LNG industry,” says John Veson, Veson Nautical CEO, “and to provide IMOS LNG and Veslink as part of the RapidLNG solution.”
Source: OpenLink
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