Maersk Tankers' bunker efficiency platform ZeroNorth is teaming with fuel supplier Monjasa to boost vessel efficiency efforts.
The Danish companies said Monjasa's market data will be available in Optimise, ZeroNorth’s vessel optimisation software.
The idea of the partnership is to help tanker and bulker market players streamline operations, maximise business and reduce bunker consumption and carbon dioxide emissions.
Users will now be able to access data from Monjasa, a fuel supplier and shipowner, that spans bunker prices and availability of the most common fuel grades at key ports around the world.
The information covers heavy fuel oil, very low sulphur fuel oil and marine gasoil in major hubs like Singapore, Rotterdam, Houston and Fujairah, as well as at smaller or more regional terminals.
Last year, ZeroNorth secured charterer and trader Cargill as a major user of Optimise in a partnership agreement that saw the US trader take a minority stake.
700 ports feeding in
Monjasa's cooperation is important as it brings with it information from nearly 700 ports worldwide.
Optimise will interpret the new data alongside a range of other information, both from users and from third parties, to make its recommendations on speed, route and when, where and what to bunker.
ZeroNorth chief executive Soren Meyer said: "It's fantastic to be able to announce this partnership with Monjasa, which makes some of the industry’s best bunker market information available in our platform."
He believes a clear view of the marine fuels market is central to the ongoing challenge of vessel efficiency.
"That’s why this partnership will enable Optimise to make even stronger recommendations on route and speed, enabling tramp shipping operators to increase their revenue and cut emissions," Meyer added.
Data from owned fleet
In markets where Monjasa uses its own fleet of tankers to supply the fuel products, in-depth knowledge of the entire supply chain is coupled with external pricing data to provide the most comprehensive market intelligence available, the partners said.
Monjasa managing director Mikkel Kannegaard, managing director at Monjasa, said: "Embracing transparency and sharing data is the future of oil and shipping."
"Therefore, Monjasa is very proud to engage with ZeroNorth and start making our price indications available to the shipping industry through the Optimise platform," he added.
The bunker group has 10 offices across multiple time zones and completes around 12,000 supply operations yearly.
The data is being incorporated immediately.
