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Fuelink, a maritime technology provider has launched its new digital platform providing a one-stop shop for bunker data management and fuel supply optimisation. Fuelink will enable effective fuelling strategy forecasting, bunker price comparisons and compliance with the European Union’s Emissions Trading System (EU ETS), including inventory management of EU Allowances (EUAs).
The bunker-specific digital platform has been designed to improve transparency, efficiency, and control with all bunker-related information stored in one place. Combining information taken automatically from AIS and noon reports with its AI-based management tool and third-party benchmarking, Fuelink allows the simulation and comparison of both conventional and alternative fuels on different routes, enabling users to make informed decisions on where and when to bunker to achieve the most cost-effective voyage. This includes real-time bunkering readiness data at each port to avoid unnecessary downtime.
Fuelink also supports EU ETS compliance and inventory management of EUAs. Users are able to upload voyage schedules and calculate ETS costs instantaneously, simulating EUAs at different prices before buying through the platform at the optimum time, and automatically keeping a record of all those purchased in a standalone inventory system.
Commenting on the launch, Konstantin Bronetskyi, General Manager, Fuelink said: “The shipping industry requires a digital bunker data management system developed by bunkering and Ship operations professionals that gives full visibility and enables better decisions in optimising the bunker value chain. We understand that uncertainty costs money and fragmented information sitting in various systems takes time to manually collate and analyse. This has been the status quo in the global marine fuel supply industry. Now, we have developed the Fuelink platform to bring together real time data, allowing machine learning to simulate fuel cost scenarios, create automated reporting and alerts, measure bunkering performance, and support GHG emissions management.
“The power of this combined data will streamline the user’s operations. Being able to access useful, and digestible information at the touch of a button has never been more critical. By aiding transparency and significantly improving efficiency, Fuelink supports confident and informed decision-making that will aid regulatory compliance while also saving time and money. The entire bunker value chain is tracked, monitored and supported by a dedicated aftersales support team located in all the major time zones to support users in real time.”
Fuelink acts as a central repository for all bunker-related information. The platform records and tracks all deliveries, hosting bunker delivery notes (BDNs), invoices, surveyor reports, Certificates of Quality (CoQs), ISCC information, bunker sampling and analysis reports, statement of facts, and claims handling documentation. This provides ease of access and improves auditing, benchmarking and automated reporting for operational and legal teams.
Fuelink has been developed in conjunction with maritime energy solutions provider, Baseblue and diversified fleet owner, Schoeller Holdings. The two organisations have provided valuable insights in the development phase and many of their customers are already benefitting from using the platform.
Commenting on the launch, Lars Nielsen, CEO of Baseblue said: “Fuelink perfectly embodies our long-standing commitment to improving quality and transparency in the supply of marine fuel. We always strive to offer our clients comprehensive and forward-thinking solutions and our involvement in developing this innovative digital tool is another example of how Baseblue is at the forefront of digitalisation in the bunker value chain.”
CEO of Schoeller Holdings, Mark O'Neil, added: “Fuelink’s sophisticated AI approach is an invaluable tool for us. It enables optimal bunkering performance and stringent emission control and helps us meet our ESG targets."
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Sedna, the company harnessing data-driven communication for global trade excellence has today announced its newest product,Pulse. This landmark step into chartering is backed by Sedna’s AI and aims to carve a new path for digital transformation and profitability in maritime.
Pulse sits on top of the email inbox, transforming its data from email and other systems into a single, consolidated and customisable view. It shortens the entire analysis process by presenting deduplicated data in a structured table ready for analysis and further action. By presenting information in a simpler and more organised way, charterers are put in the driving seat - never missing an opportunity to make a fixture before the competition.
Pulse, which is already being trialled by global maritime customers, launches publicly today as an AI-driven solution on top of Sedna’s existing communication product, Stream, which is already used by thousands of shipping professionals around the world.
Revolutionising the fast-evolving charter market
With continuing economic uncertainties and fast-changing consumer needs, there is a core need for charterers to have easy access to complex market information in real time,so they can make swift and confident decisions. However, without a space to easily connect charterers to this critical data, they are left with high volumes of unstructured emails and data spread across several other systems. Charterers receive thousands of emails per day with market data about vessels and cargo that will be available in the future. This slows them down and makes it difficult to compare important information and take action on an opportunity. Lack of information and system fatigue leaves room for duplicated data, manual error and ultimately missed opportunities and lower profitability.
Deeply understanding this problem, Sedna has designed Pulse to cut through the noise and unlock data-driven success.
Pulse rivals other products on the market by drawing out only the necessary information from the charterer’s inbox and transforming it into a single, consolidated and filterable overview which allows them to make quickfire decisions about how tonnage and cargoes are managed and traded. With Pulse, time previously spent digging for information across dozens of systems can now be spent on analysing, negotiating and swiftly closing deals before anyone else - without switching screens.
With the announcement of this bold step into chartering,Sedna’s Founder and CEO,Bill Dobie, said: “Digitalisation has taken over maritime in the last decade, however, there remains a significant digital gap for charterers. They are stuck with ‘inbox overload’, spending hours each day wading through messages and preventing them from doing their jobs effectively.”
He adds, “We want to tackle this with Pulse, building on email to become the go-to solution which puts control into the hands of charterers so that they feel confident they’re making the best deals. With its sleek design and functionality, we have high hopes that Pulse will become the digital heartbeat for chartering operations.”
Building a solution for the future
As Pulse matures, it will connect with and leverage a growing suite of data sources and analysis tools. Upon launch, Pulse customers will be able to take advantage of our current partnerships with Signal, Spot Ship and ZeroNorth for their AI-driven algorithms and Machine Learning capabilities - turning high volumes of email data into easily digestible and actionable summaries. Users will also be able to take advantage of enriching vessel insights through integrations with RightShip and Lloyd’s List Intelligence.
Søren Meyer, CEO, ZeroNorth, said: “As the shipping industry grapples with the increasing complexity of achieving its decarbonisation and profit goals, it’s critical that we’re able to turn the data at our fingertips into actions across the global trade value chain. That’s why we are proud to partner with Sedna and continue working with them to closely integrate our technology solutions, because we know that our shared vision of a more intelligent industry is only possible if leaders work together.”
The development of Pulse is supported by$42 million additional investmentannounced last summer from global software investor, Insight Partners, with participation from GK Goh Ventures.
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Technology company ZeroNorth and shipping company Euronav have today announced that ZeroNorth will acquire and manage Euronav’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Euronav also becomes a customer of ZeroNorth’s full platform offering.
FAST collects advanced high-frequency data in real time from sensors across Euronav's fleet. Euronav has successfully implemented the FAST platform across its fleet, using ship reporting, voyage optimisation and ship optimisation through the use of high-frequency data. FAST has significantly improved collaboration between ships and all shore departments, optimised vessel and fleet utilisation, reduced fuel consumption, and lowered OPEX. These improvements have had a tangible positive impact on Euronav's bottom line results and have also helped improve its sustainability strategy.
The data can power up voyage and vessel optimisation decisions, allowing crew and shoreside teams to collaborate in making the most detailed live adjustments to improve sustainability and profitability for Euronav’s diverse fleet of globally operating vessels.
Over time, the plan is for ZeroNorth and Euronav to integrate FAST’s data and full functionality with the ZeroNorth platform. This high-frequency data and FAST’s existing functionality will drive ZeroNorth’s data flywheel, accelerate the industry’s green transition and massively increase the company’s positive impact on the market.
The transfer comes at a time of increasing transformation for the global trade value chain, with digitalisation and data now at a tipping point for impact. The new collaboration between the two companies will radically accelerate the digitalisation of shipping, uniting two sustainable shipping leaders with a shared vision to make a positive impact on the planet.
Pelle Sommansson, Chief Growth Officer & EVP, ZeroNorth, said: “We are extremely excited by this new partnership with Euronav, which is already recognised as one of the most sustainable and progressive companies in the shipping industry. By acquiring FAST and incorporating it into our existing platform, we believe we will accelerate the transformation and sustainability strategies of a large part of the global fleet.
"High-frequency data is the solution to many industry challenges. Optimised journeys play a major role in achieving zero emissions in our industry. That’s why we are proud to work with like-minded leaders at Euronav, because together we can change the way that our customers, and shipping as a whole, operate for the better.”
Patrick Declerck, Operations Manager, Euronav, added: "Euronav has a clear ambition to be a leader in sustainability and efficiency. We are proud to partner with ZeroNorth, which is already making a significant impact on enabling green global trade.
"Together, we are leading brands focused on creating a better world. We believe this new partnership will enable us to drive the journey to zero emissions across the shipping industry to decarbonise today and navigate tomorrow. This will make more parties aware of the transformative impact data can have on their operations.”
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Idwal, a inspection, technology and data business, has launchedIdwal ID- a comprehensive condition improvement programme. The digital platform delivers defect management, fleet analytics, and benchmarking through detailed ship inspections and reports through dynamic data.
Idwal ID integrates all aspects of the inspection and condition monitoring process, enabling the interrogation of data to achieve insight into overall fleet integrity, as well as specific issues at a granular level. It allows all relevant inspection information to be recorded in one place, facilitating continuous condition improvement.
Idwal has inspected 15 per cent of shipping’s global fleet since 2019. During this time, the company has performed more than 10,000 unique inspections across 100 countries, which contributed to an average of 15 inspection reports delivered every working day last year.Idwal ID uses the 10 million data points gathered by Idwal over the past four years to provide grade analytics; benchmarking assets, vessels and fleets against global averages. It provides access to large volumes of data for benchmarking purposes, while keeping all proprietary information confidential.
Nick Owens, CEO at Idwal, said: “Idwal ID brings together our market-leading inspections, maritime experience and digital technology to create a secure, one-stop-shop repository for all inspection information, which can be quickly and easily accessed, analysed, shared and updated. This empowers users to make confident and informed decisions with information that provides a clear business case for necessary change, thereby optimising budget spend and operational efficiency.
“We have collaborated with several highly regarded shipping companies to develop Idwal ID, including Anglo American, CMA CGM, Cobelfret, Fednav, Swire Bulk, and Tufton. The platform has been tested, sharpened, updated and improved in cooperation with these organisations to ensure it provides exactly the right information and functionality. We have every confidence that this intuitive digital platform will help save time and money, take effective action, and demonstrate excellence both within an organisation and externally - to shippers and charterers, for example.”
Executive, commercial and technical directors are already using Idwal ID to access an accurate and impartial oversight of the condition of their fleet. The innovative platform enables them to see how ship managers are performing, and to rectify defects quickly and efficiently. This increases vessel uptime, improves safety, reduces risk, and maximises charter rates and vessel value.
George Haysom, CCO at Idwal, said: “We know that using Idwal ID minimises manual processes and reduces the workload for technical teams. In addition, instant access to both the granular detail of individual inspection reports and high-level benchmarking against the global fleet enables recommendations that non-technical people can understand, which technical people can then drill into and implement. This increased visibility supported by simple and clear reporting tools not only provides a solid business case for either targeted maintenance investment or reducing spend, it also provides independent validation to demonstrate excellence.”
Idwal ID has been developed by the team at Idwal, which spans sea-going engineering, ship management and commercial experience honed in the shipping industry across decades. It builds upon the company's flagship offering, the Idwal Grade®, which sets an industry benchmark for assessing vessel condition. Idwal's S&P inspections lead the market and their rigorous condition inspections enable ship owners to benchmark asset integrity across their fleet.
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Leading provider of secure maritime data communications software, GTMaritime, has responded to growing demand for its products and services by opening an office in Greece and appointing two new executives to its sales team.
Last year, the company reported a 35% increase in monthly user traffic across its portfolio of software solutions between 1 November 2022 and 31 October 2023. It also announced its 15,000thship installation – just 16 months after passing the 10,000-vessel milestone.
In response, GTMaritime has opened a new office in the heart of Piraeus to focus on clients and partners in southern Europe and the Middle East, managed by Antonis Kalaitzis and Alex Zervos. The company has also added two key individuals to serve regional customers and support international growth.
Ryan Heinz has been appointed Regional Head of Sales EMEA AMER, bringing 20 years of experience in IT-focused sales and consultancy to the role with a strong emphasis on maritime digitalisation. A passionate advocate for new technology, Ryan has worked with several major maritime software providers.
Also joining GTMaritime is data specialist Sreeraj Srikanth, who has been appointed Regional Sales Manager Middle East. Sreeraj has been tasked with enhancing the visibility of GTMaritime solutions and services in the region, and with contributing to the success of local ship owners and managers. He is currently pursuing a master’s degree in Data Science at Middlesex University Dubai.
Richard White, Global Commercial Director, GTMaritime, said: “For GTMaritime, 2023 was a year characterised by rapid growth and soaring data consumption – and demand for our services shows no sign of abating in 2024. It is vital that we continue to expand our global footprint and add expertise to our workforce.
“With the opening of the Greek office and the appointment of two highly qualified and passionate sales professionals, we have made a very promising start to the year, and I look forward to working with both Ryan and Sreeraj.”
