Danish Shipping Company NORDEN Selects Veson Nautical’s IMOS

Veson Nautical, the premier provider of maritime commercial management and trading software solutions, yesterday announced that Dampskibsselskabet NORDEN A/S, has purchased Veson Nautical’s Integrated Maritime Operations System (IMOS). Veson Nautical’s IMOS software will now manage chartering, operations, and voyage accounting related functions for NORDEN’s modern fleet of 210 dry cargo and product tanker vessels.

“We selected Veson Nautical because IMOS met our expectations for a flexible shipping system that fits well into our business processes,” remarked Sture Freudenreich, Director / Head of IT at NORDEN. “IMOS’ capabilities to help with the workflow across the different departments will definitely make the organization more efficient. It was important to us that the technology will seamlessly integrate with our other IT systems. In addition, Veson fulfilled our requirements for an innovative and customer orientated company.”

NORDEN A/S, an independent shipping company incorporated in Denmark, was founded and listed in 1871, making it one of the world’s globally operating listed shipping companies. NORDEN operates both dry bulk and product tanker vessels: 210 vessels in total with 35 vessels on order. The company is headquartered in Hellerup (Denmark) with additional offices in Singapore, Shanghai, China, Annapolis, MD, USA, Rio de Janeiro, Brazil and Mumbai, India. NORDEN employs nearly 300 office staff and about 800 people work on the company’s owned vessels.

Veson Nautical’s IMOS software will also now manage chartering, operations, etc. in Norient Product Pool ApS, one of the world’s leading product tanker pools. Norient Product Pool is owned 50/50 by the founding partners; NORDEN and Interorient Navigation Company Ltd. of Cyprus. Operated from its head office in Denmark and its offices in Singapore, USA and Cyprus, Norient Product Pool manages approx. 75 product tankers.

“NORDEN is a highly respected company worldwide for its business practices and vision as well as its modern and competitive fleet. We are honored to work with NORDEN’s business and IT teams to help them continue to succeed in the commercial maritime market and take their systems to the next level,” said John Veson, President, Veson Nautical.

About IMOS

Veson Nautical’s IMOS includes a set of ten core modules, delivering an innovative, efficient approach to organizing and managing a shipping company. IMOS includes Chartering, Operations, Financials, Planning, Trading, Demurrage, Bunker

Management, Pooling, Data Center, and Data Services, which can be integrated to build complete solutions for commercial maritime organizations including dry bulk, tanker, LNG, chemical, container, and barge companies.

About Veson Nautical

Founded in 1979, Veson Nautical is the premier provider of maritime commercial management and trading software solutions. The company’s proven, open-system approach is based on best practices developed over its 30-year history in the shipping industry. Today, Veson’s core offerings include IMOS (Integrated Maritime Operations System), which offers modules for Chartering, Operations and Financials; and Veslink, which are highly configurable web-based services that create a network of trusted contacts for exchanging vital shipping data. Veson’s suite of offerings consolidate, analyze and leverage data across all commercial shipping activities, allowing users to enhance decision-making, manage risk and maximize profit.


Source: Veson, August 30, 2011.