Alfa Laval on Thursday (4 August) said it has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for the marine bunker segment.
The company will be merged into StormGeo, a global leader in weather intelligence software and decision support services, now part of Alfa Laval. The acquisition will enhance the StormGeo offering in route advisory and voyage optimisation services for the shipping industry.
Cost-saving bunker analytics
Headquartered in Denmark, BunkerMetric helps ship operators and bunker procurement departments find the best bunker procurement plan and improve voyage margins. Using sophisticated algorithms, the company’s procurement optimisation tool uncovers bunkering strategies and market insights that let shipping companies improve their bottom line.
“The acquisition of BunkerMetric will further strengthen the StormGeo suite of software products and services,” said Soeren Andersen, CEO of StormGeo.
“BunkerMetric’s advanced procurement optimisation tool is a welcomed addition to our route advisory services, giving shipping customers timely data for choosing the best bunkering options. It will help optimise scheduling, fuel and voyage performance.”
“We are excited to become part of StormGeo and the Alfa Laval family,” said Christian Plum, CEO of BunkerMetric, who helped found the innovative start-up in 2018.
“Combining BunkerMetric’s state-of-the-art optimisation algorithms and data platforms with StormGeo’s cutting-edge data science will mean valuable synergies for existing and future customers.”
Enhanced route advisory services
BunkerMetric’s procurement optimisation tool will become a subscription service within StormGeo’s existing s-Suite. It will support well-considered decisions when purchasing bunkers, such as the selection of ports, volumes, and fuel grades for bunkering. Global shipping companies can use it to minimise costs while taking relevant operational, commercial, and environmental factors into account.
“By leveraging BunkerMetric’s deep expertise and proven optimisation tool, StormGeo customers will be able to streamline their operations,” said Andersen. “As well as reducing their bunker procurement costs, they will gain significant fuel savings through optimised real-time decision-making.”
“Like StormGeo, BunkerMetric is committed to digitalisation and decarbonisation. We look forward to joining forces in a way that shrinks both customer expenses and carbon footprint,” said Plum.
Photo credit: BunkerMetric
Published: 5 August, 2022
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