11 February 2016, Stockholm & London: Chinsay, the global standard for physical freight and commodities contract management, is pleased to announce several milestone developments for the company as it prepares for the next stage of growth.

During 2015, 10 new global corporations, including Anangel, South32, NYK Line and Noble Chartering, decided to move their contract management to Chinsay’s platform, joining existing clients including ADM, BHP Billiton, Cargill and Rio Tinto. This is a clear testament to the benefits of Chinsay’s Recap Manager (RM), a secure online platform for freight contracts management. The RM enables easy management of contracts; from document creation, time-saving change logs to contract repository and statistics. It captures information at source and makes it securely available to all parties in the trade, enhancing contract-related collaboration and creating an audit trail. This makes the process of contract creation faster and much more efficient whilst reducing risks, including those related to manual errors.

Chinsay continues to innovate and recently launched an improved interface for the Recap Manager. The updated interface improves the system speed and workflow efficiency by up to 100 per cent. In addition, new server capacity and speed have been increased by 300 per cent to enable slower computers and platforms to function more smoothly with the RM platform. Further, introducing new features and improving the existing ones will help to reduce the time needed for the contract process, e.g. simplified fixture overview, an improved navigation bar and a new online help centre. The upgrade also provides easier mobile access to the system, thanks to its smartphone and tablet compatibility.

Furthermore, to position the company for growth in 2016, Chinsay has made a number of prominent hires and welcomes seven new additions to the team in both the Stockholm and Singapore offices. Senior hires joins with experience from BHP Billiton, Vale, the Maersk group and Merrill Lynch. These senior executives will be supported by graduate hires. In addition, Anthony Kokkinis, Chinsay’s Head of Support, has relocated to Singapore to strengthen the company’s presence and provide a better service to clients in Asia.



Dag Sundén-Cullberg, founder and CEO of Chinsay, commented: “At the beginning of 2016, we are excited to welcome some fantastic new clients and colleagues and to present the new Recap Manager. User experience is our number one priority and this upgraded platform demonstrates this commitment. Our goal is to encourage the global commodity trading community – be it commodity traders, ship operators or ship brokers – to embrace technology and this recent upgrade will make this transition even easier. We are very pleased with last year’s growth, a testament to the fact that the industry wants and needs proper contract management throughout the commodity cycle. Despite the challenging market conditions, we look forward to taking the business to the next level in 2016 and to continue working with clients through these turbulent times.”