ZeroNorth has added Monjasa’s bunker market information to its vessel optimisation platform, Optimise.
Optimise users will now be able to access data from Monjasa spanning bunker prices and availability of the most common fuel grades at key ports around the world.
Monjasa’s data covers the current market price of the most commonly applied marine fuels, including Heavy Fuel Oil (HFO), Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO), in a variety of grades. The partnership will also mean that Optimise will be able to access Monjasa’s view of fuel availability in a range of locations, from key bunkering hubs such as Singapore, Rotterdam, Houston and Fujairah, to smaller or more regional trading ports.
In all, Monjasa operates as a physical supplier or trading partner in nearly 700 ports worldwide, meaning that Optimise users will be able to access a global view of the marine fuels market.
This information will further power up Optimise as a hub for a range of data, all of which helps to build the strength of its actionable insights.
Optimise will interpret Monjasa’s 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. The software provides a clear indication of the upsides of any decision in both dollars and CO2.
Monjasa’s bunker market indications are calculated on the basis of trading intelligence data, coupled with factors such as local market conditions, specific delivery premiums and barge availability. In addition, Monjasa’s data provides indications of product availability and even notice periods, making it a true tradeable indication.
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 issue of having a clear view of the marine fuels market – and how this can impact your operations in a huge number of ways – 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,” said Søren Meyer, CEO, ZeroNorth.