GCC Bunkers selects ION Commodities’ Aspect CTRM solution
Houston-based marine fuel supplier chooses ION Aspect CTRM software to support its bunker fuel business
Houston, 22 October 2020 — ION, the largest global provider of trading, analytics, and risk management solutions for commodities and treasury management, today announced GCC Bunkers selected the ION Aspect CTRM solution to manage its complex physical oil and fuel business. Aspect, the leading multi-tenant SaaS CTRM solution, was selected for its extensive capabilities in the bunker fuels market, its quick implementation period, and its ability to adapt to changing international marine fuel regulations.
GCC Bunkers is a supplier of marine fuel focused on supplying low-sulphur fuel oil as a solution to the international IMO 2020 and ISO 8217 regulations and ECA marine fuel compliance requirements. GCC Bunkers also supplies all other standard specification marine fuels and distillates to ship owners and operators calling on the Houston and Galveston ports, including Texas International Terminals.
GCC Bunkers previously relied on a legacy platform but needed a robust, easy-to-deploy solution to manage its increasingly complex operations, and the necessary unit conversions for various individual contracts with international customers.
“GCC Bunkers is on the forefront of responding to changing international regulations impacting ship owners and operators. We needed a fully functional solution to not only support today’s requirements, but also have the ability to add new functionality quickly and adapt as requirements are updated,” said Zach Stansbury, GCC Bunkers Commercial Director. “GCC Bunkers selected Aspect’s SaaS trade and risk management solution for its rapid deployment and immediate ability to support our front, middle, and back offices.”
Aspect is the leading multi-tenant SaaS commodity trading and risk management solution with integrated market data that is delivered in short implementation periods. It’s an out-of-the box CTRM solution that is fully configurable to support the trade life cycle of bunker fuels, crude and refined products, metals, petrochemicals, and LPG/chemicals companies.
“Aspect is ideal for small and medium-sized commodity businesses that require a fully functional, easy-to-implement CTRM solution. This includes bunker fuel suppliers that are adapting their operations to changing international regulations,” said Rich Grossi, ION Corporates Chief Executive Officer. “I’m pleased to welcome GCC Bunkers to the ION market-leading CTRM community.”
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/.