POSH and PCL Select SeaProc to Power Digital Procurement for All Commercial and Offshore Vessels

(SINGAPORE) PACC Offshore Services Holdings Ltd (POSH) and Pacific Carriers Limited (PCL) have selected iMarine Software (SeaProc) to digitally process all their procurement activities across some 170 vessels.

Both PCL and POSH are part of Kuok Singapore Limited (KSL) Maritime Group of companies, with diversified holdings covering offshore marine services, commercial shipping, maritime construction and shipyards. POSH and PCL operate a combined fleet of 170 vessels including tankers, bulkers as well as offshore support vessels.

The service will be fully embedded with newly implemented ABS NS Enterprise systems, one of the leading Fleet Management Software systems for digital maritime operations and a partner of iMarine Software.

The decision is part of a bold plan to transition the company to a purely digital transaction model across all shipping operations. Specifically, the AWS-based SeaProc platform will automate all standard procurement transactions and add electronic invoicing to complete a source-to-settle process fleetwide.

"We surveyed the entire maritime e-Commerce solution offerings in the market, and we have selected the best solution for our needs," said Tan Kian Chai, General Manager, Fleet Management of PACC Ship Management.

"Digitization and innovation are key strategic pillars for POSH as we continue to accelerate our transition towards becoming a sustainable solutions provider for our industry", said Danny Chong, Head, Centers of Excellence, POSH. "Being able to capture and analyse the sheer amount of data we work with daily on a single platform will enable us to be a leaner, more efficient outfit so that we can focus more on delivering what our clients need faster and better."

Peder Arstorp, Chief Commercial Officer, iMarine Software said: "We are pleased to announce that POSH and PCL have entered into an agreement with iMarine Software to provide e-Procurement services to its extensive global fleet holdings. It is part of a major overhaul of its marine IT infrastructure and follows a lengthy evaluation process. We are honored to participate in these critical services and appreciate the trust bestowed by the Kuok Group and its subsidiaries."

About Pacific Carriers Limited (PCL)

Pacific Carriers Limited was incorporated in 1973 and has since transformed into a Global Maritime Logistics solutions provider to commodity multinationals, energy companies and international traders. PCL has a diversified fleet of over 60 bulk carriers, multi-purpose vessels, product tankers and gas carriers, trading globally and plying regional trade lanes.

Headquartered in Singapore, PCL has international presence in core shipping centers spanning across New York, Mumbai, Manila, Jakarta, Beijing, Kuala Lumpur and Hamburg.

About PACC Offshore Services Holdings (POSH)

Offshore Marine Services for the global energy sector. POSH delivers specialist offshore marine solutions, supporting upstream oil & gas and renewable energy operations in key markets worldwide. Our services include subsea installation and maintenance support, offshore logistics and accommodation, and harbour towage.

About iMarine Software (SeaProc)

Founded in 2012 and incorporated in the USA, the company hosts a Cloud-based e-commerce solution for technical procurement, including RFQ-PO process, e-invoicing, contract management, logistics and catalogue management. Powered by Amazon Web Services, it connects ship operators with over 60,000 vendors globally and provides a uniform platform for managing digital transactions in a scalable and secure environment. The service is backed by a 24/7 Client Services Center that monitors trading and assists users based on an urgent response time policy.

SeaProc is a full-service procurement platform that focuses on maritime, offshore and the power industry. It can be used on standalone basis, or connected to most major vessel management systems via existing adaptors, or to an ERP or corporate procurement system. The platform hosts more than 60,000 vetted suppliers.

Headquarters are in New York, with local offices and representation in Oslo, London, Athens, Singapore, Manila, Taipei and Istanbul. For further information about SeaProc and iMarine Software, please contact sales@imarinesoftware.com