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Ofiniti steps up Singapore investment with ZeroNorth eBDN acquisition

Ofiniti has agreed to acquire ZeroNorth’s eBDN solution, including Singapore-based BTS Pte Ltd, as the company increases its multimillion-dollar investment in the city-state.

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Tue Nielsen, CEO of Ofiniti

Maritime technology company Ofiniti on Tuesday (22 September) said it has agreed to acquire the eBDN solution from ZeroNorth and will, on completion, bring its technology and customers onto Ofiniti’s Bunker Operating System.

The transaction marks the latest step in Ofiniti’s rapid expansion since becoming an independent company in 2024. Through a combination of acquisitions and organic growth, Ofiniti is bringing together technology, capabilities and customers that have historically been spread across separate solutions.

The acquisition further strengthens Ofiniti’s position as it builds the Bunker Operating System connecting supply, demand and infrastructure across the bunkering ecosystem.

The transaction will, on completion, bring ZeroNorth’s eBDN solution and customers into Ofiniti’s digital delivery, while ensuring continuity for existing customers.

For ZeroNorth, the transaction is a deliberate portfolio decision, as the company concentrates its investment in bunkering on the parts most closely connected to core shipping operations – procurement, pricing and planning.

Søren Andersen, CEO of ZeroNorth, said: “eBDN has an important role to play in the continued digitalization of fuel operations, and we are proud of what we have built. We believe Ofiniti is well placed to take eBDN forward and continue developing it for the industry. 

“ZeroNorth will continue to invest in bunkering, focusing on the areas where we can create the greatest impact for the industry – connecting fuel decisions more closely with voyage and vessel operations, while increasingly applying agentic AI across the voyage.”

BTS Pte Ltd – the legal entity and license holder behind ZeroNorth’s eBDN solution – is Ofiniti’s third acquisition, following Singapore-based Angsana Technology and Dutch maritime technology company Teqplay, as Ofiniti continues to bring complementary capabilities together within its Bunker Operating System.

Tue Raguse, CEO of Ofiniti, said: “Bunkering has been built around fragmented systems, data and ways of working, and we see a huge opportunity to change that.”

“We are deliberately building Ofiniti to connect supply, demand and infrastructure in one ecosystem. That means growing organically, but also bringing together strong businesses and technology where that can create better solutions for customers and a more connected industry.”

Since its spin-out from DNV in September 2024, Ofiniti has grown to serve more than 200 customers globally and has processed more than 50,000 bunker operations to date.

Singapore has been central to Ofiniti’s growth and will play an increasingly important role in the company’s next phase.

Ofiniti today holds a significant share of Singapore’s digital bunkering market and is increasing its multimillion-dollar investment into technology, talent and presence in the country as it continues to expand internationally.

“We are here to invest, contribute and build for the long term. Our ambition is to continue strengthening our capabilities in Singapore and use what we learn here to help connect bunkering operations across markets around the world,” said Raguse.

Related: Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions
Related: Ofiniti acquires Teqplay in push towards end-to-end bunkering visibility

 

Photo credit: Ofiniti
Published: 23 September, 2026

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Alternative Fuels

J-ENG completes land-based testing of hydrogen-fuelled marine engine

Engine will be installed on a 17,500 DWT multipurpose vessel to be built by Onomichi Dockyard for MOL and MOL Drybulk, with onboard demonstration testing scheduled to begin in April 2028.

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Japan Engine Corporation (J-ENG) on Friday (18 September) said it has completed land-based testing of the world’s first hydrogen-fuelled engine for large commercial vessels, the 6UEC35LSGH.

During factory testing, the engine achieved a hydrogen co-firing rate of at least 95%, reducing GHG emissions by more than 95% compared with conventional heavy-fuel-oil engines.

By adopting a high-pressure direct injection system, which injects fuel directly into the cylinder at high pressure, J-ENG said the engine achieves stable hydrogen combustion. 

Safety measures were also implemented, including a robust structure to prevent hydrogen leakage and double-walled piping for hydrogen supply lines. 

“Approval testing was conducted in the presence of ClassNK and was completed successfully,” the company said. 

The engine will be installed on a 17,500 DWT multipurpose vessel to be built by Onomichi Dockyard for Mitsui O.S.K. Lines and MOL Drybulk.

Hydrogen fuel will be supplied to the engine through a marine hydrogen fuel system, consisting of marine hydrogen fuel tanks and a fuel supply system, developed and manufactured by Kawasaki Heavy Industries.

In addition, Nippon Kaiji Kyokai (ClassNK) will conduct safety assessments throughout each stage of the engine’s development and the vessel’s design, construction and operation.

The vessel will then undergo sea trials before onboard demonstration testing begins in April 2028. 

Kawasaki will also develop and manufacture bunkering equipment for supplying liquefied hydrogen to vessels. 

“The demonstration will further evaluate the engine’s durability and performance under actual operating conditions,” J-ENG added.

 

Photo credit: J-ENG
Published: 22 September, 2026

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FuelEU

GTT Marine partners with BetterSea on FuelEU trading, pooling integration

Integration will enable GTT Marine customers and platform users to execute FuelEU trading and pooling end-to-end, directly from the Vesper Insights platform.

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GTT Marine partners BetterSea to integrate FuelEU trading, pooling into Vesper Insights

BetterSea, provider of a FuelEU compliance platform and marketplace, and GTT Marine, a business unit of the GTT Group, on Monday (21 September) announced a white-label integration partnership to accelerate FuelEU Maritime compliance for shipping companies.

Under the partnership, GTT Marine will integrate BetterSea’s platform into its own Vesper Insights platform offering, enabling GTT Marine customers and platform users to execute FuelEU trading and pooling end-to-end, directly from the Vesper Insights platform. 

Through this white-label integration, customers will gain access to BetterSea’s full FuelEU infrastructure, including marketplace access, simulation tools, pooling and post-trade workflows, as well as streamlined Thetis reporting capabilities, all within the Vesper Insights environment. 

This creates a uniquely aligned offering for customers seeking a single, trusted route to FuelEU compliance and execution.

As FuelEU Maritime moves into operational reality, shipping companies need more than visibility into compliance exposure. They need the ability to assess options, execute transactions, and complete workflows reliably and at scale. 

The BetterSea-GTT Marine partnership addresses that need by combining BetterSea’s execution-ready FuelEU platform with GTT Marine’s strong position in vessel performance and maritime innovation.

Through the BetterSea-GTT Marine partnership, customers will gain:

  • access to FuelEU trading and pooling execution directly within GTT Marine Vesper Insights platform
  • access to BetterSea’s FuelEU marketplace
  • simulation tools to compare compliance pathways across different regulations and evaluate cost exposure
  • pooling and post-trade workflows supported by standardized legal and financial structures
  • pool tracking and Thetis reporting capabilities to support the full FuelEU execution process
  • fully streamlined and connected route to end-to-end FuelEU compliance

Maximilian Schroer, Co-CEO, BetterSea, said: “This partnership with GTT Marine marks an important step in our mission to make FuelEU compliance and pooling easier to access and execute, while underlining BetterSea’s position as the market leading FuelEU marketplace. 

“By embedding our platform into GTT Marine Vesper Insights offering, we are giving customers a seamless and efficient path from compliance understanding to full trading and pooling execution, all within an environment they already know and use.”

Christian Treu, VP Revenue, GTT Marine, said: “At GTT Marine, we are committed to equipping our customers with practical and high-value solutions for the decarbonisation transition. 

“Through this partnership with BetterSea, we can offer our users direct access to a complete FuelEU execution framework, from simulation to trading, pooling, and reporting, directly via our platform.” 

 

Photo credit: GTT Marine
Published: 22 September, 2026

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Alternative Fuels

GCMD, BCG: Engine choices today to shape shipping’s fuel pathways through 2050

New fuels could reach around 60% of fleet energy consumption under a sufficiently strong carbon price signal, modelled at USD 700/tCO2e by 2050.

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GCMD, BCG: Engine choices today to shape shipping’s fuel pathways through 2050

With vessels operating for 25 to 30 years and only around 4% of the fleet renewed annually, newbuild decisions made over the coming decade will establish much of the engine capacity available in 2050, Global Centre for Maritime Decarbonisation said on Thursday (17 September). 

Yet having the capacity to consume a new fuel does not guarantee its uptake. Dual-fuel engines allow shipowners to switch between conventional fuels and the selected new fuel as economics and regulations evolve; continued fuel competitiveness is therefore critical to what vessels ultimately consume.

These are among the findings of Navigating the maritime fuel transition: How fuel economics, regulations, and fleet decisions shape the future bunkering landscape, based on a model jointly developed by the GCMD and Boston Consulting Group (BCG).

The model illustrates this dynamic in its base scenario. With the Tier-2 penalty under the IMO Net-Zero Framework held at USD 380/tCO2e through 2050, methanol dual-fuel engines account for around 10% of fleet engine capacity in 2050, but methanol represents just 2% of fleet energy consumption. With conventional fuels remaining more economical under this regulatory regime, methanol dual-fuel vessels continue to operate on fuels cheaper than methanol (Figure 1).

A global carbon price of USD 700/tCO2e materially changes the transition

The base scenario demonstrates how fuel economics can limit uptake even when vessels have the capacity to use new fuels. This picture changes if the IMO Tier-2 penalty rises to USD 700/tCO2e by 2050, at which point new fuels, including dropins, reach approximately 61% of fleet energy consumption (Figure 1).

By contrast, EU regulations alone will not drive a marked global shift, as they cover only around 20% of international shipping’s energy demand.

Overall cost of using e-methanol and e-ammonia is near parity

While a stronger global carbon price can accelerate the shift towards new fuels, the model does not point to a clear cost winner between e-methanol and e-ammonia.

E-ammonia’s production cost advantage is largely offset by higher logistics costs arising from its toxicity, including specialised crew training, larger exclusion zones, and more complex bunkering. As a result, the overall cost (Figure 2) of using e-ammonia and e-methanol is near parity through to 2050.

Fig 2 Constituents of levelised cost of fuel use

Professor Lynn Loo, CEO of GCMD, said: “Many vessels ordered over the coming decade will still be operating in 2050. Shipowners are therefore making long-lived engine choices before the relative economics of future fuels are clear. 

“Our modelling puts into perspective just how difficult closing the cost gap between new and conventional fuels will be. The carbon price required to close this gap is substantial. And achieving it will be particularly challenging in today’s geopolitical environment. Understanding the signposts that could change these economics will be critical to the decisions the industry makes today.”

Anand Veeraraghavan, Managing Director & Senior Partner at BCG, said: “The maritime fuel transition is being shaped as much by policy and cost uncertainty as by technology readiness. 

“Rather than offer a single prediction, our approach with GCMD maps how sensitive each fuel pathway’s competitive position is to a handful of critical variables — policy scenarios, key cost drivers, and potential restrictions. Our hope is that this gives shipowners, fuel suppliers, port operators, and infrastructure investors a practical tool to stress-test their own fuel strategies as conditions change.”

 

Photo credit: Global Centre for Maritime Decarbonisation
Published: 18 September, 2026

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