Singapore – 26th of November 2018
Fendahl’s Fusion CTRM solution has been selected by the world’s leading owner and operator of LPG Vessels, BW LPG, to support its newly established product services division.
Having made the decision to establish a trading division within the business, BW LPG ran a competitive CTRM selection process involved all the leading CTRM vendors. The selection process involved multiple rounds of demonstrations as well as proof of concept exercises.
After the evaluation process was completed, BW LPG selected Fendahl’s Fusion CTRM solution.
Fendahl was able to demonstrate extensive commodity trading and risk management expertise and a detailed knowledge of industry business best practices. The Fusion CTRM solution also closely met the client’s business requirements and demonstrated the flexibility needed to address future requirements.
“We are pleased to have selected and successfully implemented Fusion as our CTRM solution. BW LPG’s Product Services Division is now even more prepared to deliver world class service to our customers.” Jo Moffat – VP, Product Services
Fendahl’s experienced professional services team have been working closely with BW LPG to successfully deploy the Fusion CTRM solution.
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 4 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers.
On 25th February 2019, BW LPG announced that it has established a Product Services division to support its core shipping business. The Product Services division is part of BW LPG’s ambition to propose a low-risk and fully-integrated product delivery service to customers. The Company will purchase LPG and offer it delivered on the basis of cost, insurance and freight, directly to the end user. Through this new division, BW LPG aims to maximise utilisation of its vessels by providing full LPG delivery service, including product, while remaining focused primarily on shipping services.
BW LPG is associated with BW Group, one of the world’s leading shipping groups. BW’s fleet of over 400 vessels includes oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers, dry cargo carriers and floating production storage and offloading (FPSO) units.
Fendahl Technology is a rapidly growing global CTRM software and consulting company with a dedicated team of over 100 staff with offices in the Americas, Asia, and EMEA, serving a growing global client base across multiple commodity segments. Fendahl offices are located in the London, UK; Houston, USA; Dubai, UAE, Singapore and Nagpur, India.
If you would like to see the advantages of a next generation CTRM solution then click here to learn more about Fusion CTRM.