Danish vessel optimisation company ZeroNorth has clinched a long-term strategic partnership with commodities giant Vitol.
The trader and shipowner will use the ZeroNorth platform, while the technology company will gain access to Vitol’s carbon reduction solutions and bunkering services through subsidiary Vitol Bunkers.
Vitol will focus on voyage, vessel, bunkering and emissions optimisation.
“Holistic access to the ZeroNorth platform’s full suite of capabilities will benefit profit and planet, improving Vitol’s bottom line and delivering better environmental outcomes,” ZeroNorth said.
The trader's data will also help the company roll out its new global electronic bunker delivery note (eBDN) solution.
“By improving operational transparency between cargo owners and shipowners, ZeroNorth will be able to strengthen the platform’s ability to support emissions reductions in a wider scope,” the platform added.
Its chief executive Soren Meyer said the company has proved its pedigree to a key industry player.
“Secondly, and more importantly, it enables us to deepen our collaborative ties with true commodities experts, powering up our teams and capability to deliver the products and services needed for a profitable and decarbonised maritime industry,” he added.
Ian Butler, head of energy transition for shipping at Vitol, added: “Driving efficiencies is key to addressing emissions in shipping. As a major participant in shipping markets, we are exploring a range of solutions to facilitate the company’s management of the energy transition.”
More efficienct ways of working
“Our partnership with ZeroNorth will enable us to optimise our vessels, access valuable data, provide critical insight and allow us to evolve new, more efficient ways of working,” he added.
Last month, Copenhagen-based ZeroNorth, backed by AP Moller Holding, Cargill and PSG Equity, boosted its team by recruiting experienced shipping tech executive Mike Konstantinidis three months after he left METIS Cyberspace Technology.
The software specialist became managing director of vessel optimisation and head of ZeroNorth’s Athens office.
In February, the company continued on the takeover trail with a deal to acquire bunker software company BTS in Singapore.
