Atlas Shipping Selects Triple Point to Manage Chartering, Vessel Operations, and Freight Risk Management

Westport, CT - 2 August 2010

Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Atlas Shipping Ltd. has selected Triple Point’s Chartering and VesselOps™ and Freight Risk Management™ solutions to manage commercial vessel operations for its rapidly growing dry bulk business.

This announcement follows Triple Point's recent acquisition of Softmar, the premier provider of software solutions for commercial chartering and vessel operations. Adding shipping to Triple Point’s commodity trading and risk management solution set provides companies with an all-encompassing view of the enterprise. With the acquisition, Triple Point's ability to provide market-based supply chain solutions, including freight rate risk management, is unmatched.

Incorporated in 1997, Atlas Shipping Ltd. is a full service dry cargo ship agency and brokerage. The company acts as U.S. commercial agents, securing vessels and cargos for its clients via worldwide shipping contacts. Formerly based in Rowayton, CT, Atlas employs a staff of 11 chartering and operations personnel in its new offices at One Landmark Square, Stamford, CT.

“Chartering and VesselOps provides owners, operators, and charterers with the most advanced planning and optimization solutions to comprehensively manage freight rate risk, chartering, and vessel operations on an integrated platform,” said Michael Larsen, managing director, chartering and vessel operations, Triple Point. “We’re pleased to add Atlas Shipping to our portfolio of maritime customers and look forward to helping them successfully expand operations.”

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