Bunker supplier goes digital for IMO 2020

Bunker products Inatech uses cloud-based computing to reduce risk and improve efficiency. Image: Shipoil
Industry Database

Greece-based global bunker fuel and marine lubricants trader Shipoil has appointed Glencore unit Inatech to digitalise its trading and supply operations as part of a strategy to minimise the effect of the IMO’s 2020 sulphur limit on its profits.

Inatech’s energy trading and risk management (ETRM) system for the bunker industry uses cloud-based computing to reduce operational and counterparty risk, while driving efficiency in volatile markets and maximising profitability. Inatech said its technology is in high demand as the IMO’’s rules to cut sulphur emissions spur the introduction of new fuels and hybrids, complicating decision processes for bunkering.

“At this critical juncture in terms of both our own expansion and the onset of new fuel regulations, it is critical that we employ systems that optimise and streamline our bunker decision-making process,” said George Tsoris, managing director for Shipoil. “Inatech was able to implement its product to meet our exact requirements, leaving me reassured that we have the best foundation possible to drive our business forward.”

Based in Piraeus, close to Athens, Shipoil has been expanding its bunker supply operations, most recently in the Mediterranean and Middle East.

Inatech senior vice president, Alok Sharma, said: “As the sulphur cap deadline approaches, traders, suppliers and shipowners must review how they specify, source and finance their supply. Inatech gives Shipoil a helping hand in managing that transition for its clients.”

LATEST PRESS RELEASES

New Advanced Condition Monitoring Technology to Be Released in 2020

The subject of condition monitoring has been on everyone’s lips for the past few years, especially a... Read more

IMO 2020: TOTAL LUBMARINE’S TALUSIA UNIVERSAL GIVEN GREEN LIGHT BY MAN ENERGY SOLUTIONS FOR VERY LOW SULFUR FUELS

With the new emissions standards designed to curb pollution from ships by the International Maritime... Read more

Infineum’s new Global Centre of Innovation creates over 50 specialist jobs in Oxfordshire

Infineum, one of the world leaders in the formulation, manufacture and marketing of petroleum additi... Read more

HSN-Kikai Kogyo Co. Ltd (Also known as Heishin Pump Works) announce it’s 90th anniversary of trading.

HSN-Kikai Kogyo Co. Ltd (Also known as Heishin Pump Works) announce it’s 90th anniversary of trading... Read more

Explosion safety for dual-fuel and LNG engines

Flameless venting technology protects the exhaust system of the ship engine Read more

Energy efficiency: totally worth it

Energy efficiency: totally worth it Read more

View all