Veson Nautical Announces Digital Solution for IMO 2020

New functionality on the Veson IMOS Platform Helps Users Navigate the Upcoming Regulations

July 16, 2019 | Boston, MA

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Veson Nautical, the leading provider of maritime software and services, today announced new features designed to help users navigate the IMO 2020 Sulphur cap regulations set to take effect January 1, 2020. Upon release, the new features will become a standard part of the Veson IMOS Platform, Veson’s market-leading cloud solution for commercial marine freight and fleet management.

“As 2020 draws ever closer, we understand that compliance with the new regulations is an issue of increasing urgency for nearly every organization in the market,” commented John Veson, CEO of Veson Nautical. “The Veson IMOS Platform is perfectly suited to address the data visibility and voyage planning components of the regulation, and we are excited to roll out new functionality that will provide such critical value to our user base.”

The IMO 2020 regulations are designed to reduce marine sector emissions in international waters by 80% starting Jan 1, 2020. As more fuel grades enter the market and the shipping industry prepares for change, users need the ability to efficiently manage and track fuel consumption; understand scrubber allowance regulations based on geographic position; and gain visibility into bunker inventory, costs, and scrubber utilization.

Veson’s solution was designed with significant input from Veson’s client base and will build upon existing ECA Zone consumption and tracking functionality, which has been a core part of the Veson IMOS Platform since 2010.

“We are pleased with the straightforward yet comprehensive nature of the solution we are developing,” noted Per Ostman, Veson Nautical’s Director of Product. “We started engaging with clients as far back as last year, and have built consensus in the community through surveys, site visits, and roundtable sessions, including at our ONCOURSE user conference. There’s a lot of uncertainty in the market around grade availability, zone restrictions, and pricing – our goal is to offer a standardized approach that provides stability to our clients and allows for future flexibility.”

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Kevin Baxter

Kevin Baxter

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About Veson Nautical

Veson Nautical delivers maritime freight management solutions that propel the global shipping economy. Trusted by buyers and sellers of bulk marine freight in every region of the world, Veson solutions are responsible for managing $109 billion in freight traded and moving 4.4 billion tons in annual trade each year.

With a suite of offerings in marine contract management, vessel document management, and data analytics, Veson’s products are widely recognized for their strong utility, sustained innovation, and measurable business impact.

More than a provider of solutions, Veson is a champion of progress that actively supports its clients, partners, and broader community in navigating change while shaping the best practice workflows and standards of tomorrow’s connected maritime shipping ecosystem.