Veson Unveils LNG Module for IMOS (USA)

Veson Nautical formally unveiled its LNG module for IMOS (Integrated Maritime Operations System), the company’s flagship product. A complete solution for LNG voyage management, the module is the only one of its kind in the industry. The LNG module is just one example of Veson Nautical’s commitment to providing a standard platform that propels maritime commerce.

With roughly 370 LNG vessels currently in service worldwide, and 90 more on order or under construction, LNG transport is projected to increase more than 200% by the end of the decade. Roughly 20% of LNG vessels in operation are managed with IMOS, and the number is growing—hence the impetus for developing a distinct LNG module.

The newly unveiled module enables operators to manage the chartering, operations, financials, and freight risk specific to the LNG sector. Its features include:

• Capture of Fuel Oil Equivalent (FOE) LNG consumption in contracts, operations, and voyage financials
• Consumption calculations based on configurable FOE speed/consumption tables with support for multiple consumption modes: LNG (natural and forced boil off), Dual Fuel, and IFO
• Automated transfer of LNG data via electronic vessel reports to shore-based IMOS system
• LNG vessel performance benchmarked against vessel/TCI/TCO consumption curves

“The LNG market is very specialized with its own unique challenges, not the least of which is that an LNG tanker’s cargo becomes its fuel. The LNG module lets IMOS calculate the cost for that,” stated Jamie Sheldon, Product Director. “We created the LNG module in collaboration with clients in the market—as we have done with all our modules. The collective knowledge we gathered reflects the specific needs of the industry, not an individual company, which enabled us to develop IMOS as an out-of-the-box solution.”

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LNG World News Staff, March 20, 2013; Image: Veson Nautical