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BunkerEX and ZeroNorth collaborate to enhance bunker price transparency

BunkerEx, which observes over 2,000 marine fuel prices per day, integrates bunker pricing data in ZeroNorth’s platform, Optimise.

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Long-term partners BunkerEx and ZeroNorth on Wednesday (1 September) announced the companies are now offering bunker price transparency in ZeroNorth’s platform, Optimise.

Price transparency is tagged as one of the leading problems in the bunker market. Yet with a number of shipping companies now promoting increased transparency and awareness of fuel pricing using a range of  algorithms, it can be challenging to identify the right data source. 

With robust data from BunkerEx integrated into ZeroNorth’s intuitive platform, customers will be able to gain  greater insights into bunker fuel pricing and unlock clearer, more informed decision-making. This enhances  the power of Optimise for users, and keeps invaluable data in a single location on a vessel and fleet level. 

BunkerEx, recently acquired by Shipping and Trading group USTC, has been at the forefront of providing  reliable fuel price data since its launch in 2017. The company now observes over 2,000 marine fuel prices  per day, systematically processed every few minutes to publish what it calls a ‘true price’ in every port for  both the spot and forward physical markets. 

With growth in worldwide data expected to triple between 2020-2025, the marine fuel market is no different.  At inception, BunkerEx was processing just 150 prices per day. Cumulatively the company has now analysed  over 1.3 million price points each tied to a specific time, port, fuel grade and Brent reference.

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The algorithms that decipher all this data took over a year to develop with complications around alternate names, multiple time zones, different pricing methodologies per port and a changing supplier landscape all challenges that had to be overcome and coded. Every data point is fused in real-time with oil derivatives, credit ratings, nearby ports, freight prices (FFAs) and alternative datasets such as weather patterns. The result is an increase in both accuracy and coverage of bunker ports. 

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Whilst shipping has traditionally been secretive, ZeroNorth and BunkerEx believe that collaboration is vital to realise gains in efficiency that have both economic and environmental benefits. 

BunkerEx and ZeroNorth have been in working alongside one another as strategic partners since ZeroNorth’s inception, with BunkerEx providing its data to Optimise to unlock advanced vessel insights.

Ishaan Hemnani, Founder and CEO of BunkerEx said about the partnership: “Since inception, we structured all systems with data sharing in mind, whether it’s via our streamlined API or direct integrations with innovative providers like ZeroNorth. Their mission to reduce emissions through vessel optimisation is key to a greener future, and we’re happy to play our part towards that goal.”

Lora Jakobsen, Chief Purpose Activist, ZeroNorth, said: “Greater understanding and transparency of bunker pricing is key to shipping’s decarbonisation journey. Only through accurate and informed data can operators make effective decisions for their fleet and operations to help reduce their CO2 emissions. BunkerEx has long been a trusted and valued partner of ZeroNorth’s, and we’re pleased to have their robust data into Optimise to power considered and meaningful decision-making.

“ZeroNorth’s Optimise provides insight into voyage optimisation and determines the optimal speed of each vessel to maximise operational efficiency. Optimise provide owners and operators with actionable insights to enhance their vessel performance, improve their TCE earnings and reduce CO2 emissions.”

 

Photo credit: william william  from Unsplash
Published: 2 September, 2021

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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