Industry Leaders Announce Strategic Software Partnership for LNG Management

OpenLink, Veson Nautical, and Wipro partner to launch “RapidLNG” solution Singapore – February 10, 2015 – Today at the LNG Global Congress in Singapore, industry leaders 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 best-in- class 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 … continue reading

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Source: CTRM Center

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