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Bluepool Transforms Risk Management Strategy with the Veson IMOS Platform

New bulk operator and pool manager adopts industry-leading voyage management system to drive transparency and streamline business operations.

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About Bluepool

Bluepool is a modern dry bulk freight company, which provides superior shipping services to its clients and partners. It does so by compounding its managers’ expertise, network and forward thinking while upholding high ethical and compliance standards. Bluepool focuses on Risk Management as a core policy to address the inherent uncertainty of shipping business. By implementing tailored processes, the company substantially reduces market, counterparty, cashflow and operational risks. Thanks to this policy, Bluepool aims to continuously grow as a secure and reliable market player. The company operates out of Greece, taking advantage of the vast resources supplied by the local shipping industry.

www.thebluepool.com

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About Veson Nautical

Founded to transform the way the maritime world makes decisions, Veson is the global market leader in developing, implementing, and supporting the solutions that propel maritime commerce. Driven by a commitment to continual innovation, a spirit of collaboration, and an enduring focus on client success, Veson is a trusted partner to maritime operations as they navigate evolving business realities and new possibilities in a digital age.

www.veson.com

ATHENS, GREECE AND BOSTON, MA, USA – 10 MARCH 2021 – Bluepool, a dry bulk panamax operator and pool manager operating in Athens, Greece; and Veson Nautical, the leading provider of commercial maritime software and services; today announced Bluepool’s adoption of commercial freight and fleet management system, the Veson IMOS Platform (VIP).

As a newly established organization focusing initially on the panamax market, Bluepool is taking a unique approach to their operations.  Bluepool’s strategy is to leverage period charters while monitoring and hedging cash flows using freight derivatives. Their panamax pool, on the other hand, will commercially manage Bluepool’s chartered-in fleet alongside third-party owned vessels and will focus on the spot market.

When evaluating potential commercial solutions to support their business operations, Bluepool sought out an innovative partner that could streamline complex workflows while fulfilling their risk management and reporting needs. After careful analysis, Bluepool’s team of experienced executives decided on Veson Nautical.

A Secure and Reliable Market Player

“Due to the inherent uncertainty of commercial maritime shipping, a crucial aspect of Bluepool’s business is risk management,” explained Kimon Angelopoulos, Head of Business Development at Bluepool. “This is why we decided to implement the Veson IMOS Platform, as it is the most performant and integrative shipping technology platform in the market. This helps to minimize error and to enhance the execution and performance of our trades.”

By implementing streamlined digital processes, the organization can substantially reduce risks associated with the market, counterparties, cashflow and operations and continuously grow as a secure and reliable market player.

Commitment to Transparency

Another key element of Bluepool’s strategy for long term success is to provide clients and investors with accurate and timely transparency into their operations. Veson’s robust reporting capabilities fulfills an essential requirement for Bluepool, enabling their teams to pull relevant, up-to-date reports at will to share with key stakeholders.

“We put a lot of weight in our ability to report on performance, since transparency is such an important pillar for us,” said Kimon Angelopoulos. “Working with Veson, the industry leader in voyage management, is essential for us to guarantee that our communications with clients and investors are of high quality and accuracy. The accuracy, flexibility, and depth of reporting that we can access at any time within VIP is unparalleled.”

“Bluepool is a great example of a maritime organization that is actively pursuing innovation in all areas of their business,” commented Stavros Vavasis, EMEA Commercial Sales Manager at Veson Nautical. “We at Veson are excited to work collaboratively with Bluepool to enhance their current workflows while also laying crucial groundwork for long term growth and success in their bright future.”

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