PARTNERSHIP ANNOUNCEMENT

Prosmar joins the Dataloy Partner Program to enable and support business performance through risk management

The partnership between Dataloy and Prosmar enables customers to bring all aspects of risk under one roof for complete end-to-end visibility

2nd June, 2022, Norway: Dataloy Systems, the leading provider of technologically advanced and integrated maritime software for end-to-end voyage management launches its latest integration with Prosmar, a leading provider of commodity and risk management software and services. With this partnership, Prosmar joins a network of companies that provide maritime applications and solutions that extend Dataloy’s cloud-based voyage management offerings in new ways.

"The introduction of Prosmar´s Bunker Dashboard and Prosmar´s Risk System as a new Dataloy Partner offering will allow for effective management of bunker and freight risks, analysis, forecasts, and mitigation strategies in a single platform for real-time insights and analysis. Partnering with Prosmar ensures our clients a best-in-class risk management solution”

Erik Fritz Loy, CEO of Dataloy Tweet
  • How does it work: Prosmar Bunker Dashboard + Dataloy Voyage Management System

Integrate bunker requirements from Dataloy to Prosmar and write back purchasing details once deals are fixed. It supports the entire bunker process and workflow, from initial client inquiries to invoicing and accounting procedures, while also providing real-time credit line and trading P&L data

Benefits

  1. Access real-time bunker prices based on the data from actual deals combined with movements of the bunker swaps market.
  2. Voluntary and anonymous data sharing allows for accurate benchmarking of your bunker purchases. 90% of the platform data is available for users who are willing to share their data anonymously.
  3. Access real-time prices combined with data sharing allow you to justly compare your bunker expenditures with your peers, as well as ensure that you make data-driven decisions.
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How does it work: Prosmar Risk System + Dataloy Voyage Management System

The read integration with Dataloy allows Prosmar to automatically capture your Ship, Cargo Bunker and any other physical or derivative exposure.

Benefits

  1. The Prosmar Risk System will make risk management an integrated part of your day-to-day operations by providing automated and user-friendly risk reports that can be customized to accurately capture your exposure days, PnL and mark-to-market.
  2. The flexibility of the Prosmar system allows you to set up custom curves, profit splits and entities to analyze your exposure by how your company truly operates. The risk system includes a powerful Option and Value at Risk calculator:
    1. The option calculator will allow you to precisely manage the exposure of your flexible ship days and optional periods.
    2. With the Value at Risk calculator, you can calculate how much each asset type, entity, or business unit contributes to the total portfolio’s risk.

Providing companies with better business insights to mitigate risks and ensure smooth bunker operations has been a key component of Prosmar AS since its inception," said Ali Jourabchi, CEO of Prosmar AS. "With this new integrated offering with Dataloy, joint customers will be able to make better decisions based on real-time data on bunkering, risk, and control mitigation strategies."

Ali Jourabchi, CEO of Prosmar AS Tweet

Dataloy and Chinsay’s future vision is to drive collaboration and interoperability between systems to benefit the freight and commodity industries. The latest partnership builds on the industries’ need for more connectivity and reliability innovation. As innovators in the market, Dataloy and Chinsay´s vision is to enable an ecosystem of technology providers that genuinely work with the businesses’ best interests in mind.

About Prosmar AS

Prosmar AS is a specialist risk software/ service provider. Since 2013 we’ve helped shipping companies effectively manage bunker and freight risk by providing tools, systems, and training. Prosmar delivers simple to use, practical software solutions for making better decisions. 60 shipping companies worldwide already use our services ranging from effective fuel risk management to full risk reporting and analysis.

About Dataloy Systems

Dataloy Systems, a leading provider of voyage management software and technology, empowers the commercial maritime industry with visibility, flexibility, and efficiency to make more profitable decisions related to worldwide chartering and operations. Customers worldwide rely on Dataloy and our partner ecosystem to provide the best cloud technology and support with our robust open API to quickly unlock and connect their applications and data to create more seamless experiences.