AET takes IMOS6
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Veson Nautical has installed the Integrated Maritime Operations System (IMOS6) in AET’s three commercial offices – London, Houston, and Singapore.
IMOS6 is now handling all chartering, operations, and accounting
activities for the company’s fleet of VLCC, Aframax and product
tankers, effectively becoming the maritime component of AET’s
enterprise resource planning solution.AET handles shipments for all of the world’s oil majors and global
trading houses and claims to be the world’s largest owner/operator of
Aframaxes.As well as operating Aframaxes, AET also has highly specialised
lightering business, with a dedicated unit based in Galveston, while
the company’s double-hulled VLCC fleet and product tanker fleet is
engaged in a mix of timecharter, COA and spot voyage contracts.For many years, AET employed a mix of homegrown and vendor systems to
handle its fleet operations. Management used two disparate systems
among three offices. Functionality was limited, new features could not
be added and month-end close was a difficult, manually intensive
process.As a result, AET purchased the full IMOS system for its London, Houston
and Singapore offices and also integrated IMOS into its Oracle
Financials accounting package using BizTalk.The AET Singapore office was the first to implement IMOS6 during
mid-summer; London went live shortly thereafter and the Houston office
launched in early August.Source: Tanker Operator
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The Port Commission of The Port of Houston Authority (PHA) authorized a program to distribute nearly $2.9 million in Diesel Emission Reduction Act (DERA) funds to replace, repower and retrofit cargo-handling equipment used by the Port of Houston industries and also approved advertising for streetscape improvements to Barbours Cut Boulevard
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Indian shipping is all set to get its first foreign direct investment (FDI) with the shipping directorate expected to give its green signal this week to flag in a ship belonging to the Indian subsidiary of Malaysian company AET Tanker Holdings Sdn Bhd. According to sources close to the shipping
In the financially turbulent climate of 2009 Ship Equip Group continued to perform well and had a turnover of 268,9 MNOK( 45 M USD) versus 207,9 MNOK (35 M USD) in 2008. This represents a growth of 29,3% in turnover from 2008 to 2009. Sales has been steady throughout the
Stena Bulk, which recently confirmed the order at Samsung Shipyard for two in-house designed Suezmax tankers for delivery in 2011, has now placed further orders together with partners and the Angolan oil company Sonanagol The first two vessels, to be named Stena Superior and Stena Su?de, have been designed with
The Port Commission of The Port of Houston Authority this week authorized the sale of $235 million in unlimited tax refunding bonds and approved a $200 million operating budget for 2010, according to local news sources. The port estimates it will have a net income of $3.3 million in 2010,
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