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Ascenz and rise-x.io in marine fuel optimisation and automation partnership

29 Jan 2020

Singapore-based smart shipping solutions provider Ascenz, part of the GTT Group, and Perth-based automation technology firm rise-x.io on Wednesday (29 January) announced a new partnership.

The development combines the Bunker Monitoring capabilities and services of Ascenz with rise-x.io’s QuayChain platform to automate the marine fuel supply chain to help customers in the sector to optimise their fuel spend and increase vessel profitability.

“QuayChain exploits advanced analytics, artificial intelligence, IoT, and blockchain technology to optimises a vessels’ bunker spend and make it easier for ecosystem participants to do business together,” said Rowan Fenn, Co-founder and CEO at QuayChain.

“Together with Ascenz, we have the capability to offer customers in the marine industry a comprehensive fuel management solution as a service including hardware, software, data and actionable insight.”

“We are excited to include rise-x.io and QuayChain in our premier partner program,” said Julien Glory, CEO of Ascenz.

“We anticipate the demand for these types of digital solutions to continue to increase as the industry grapples with rising costs, and increasing supply chain complexity in the wake of MARPOL 2020.”

“The shipping industry has enormous potential for digitalisation, especially in the integration and optimisation of commercial and operations processes,” said Fenn. “We look forward to working with Ascenz to drive the industry forward faster.”

Other related: Ascenz enhances vessel monitoring solution with Inmarsat agreement
Other related: Ascenz publishes whitepaper on accurate bunkering using MFM technology
Other related: Ascenz launches Shipulse Smart Bunkering tool for MFMs
Other related: GTT acquires Singapore ‘smart shipping’ technology firm

Other related: Simulated LNG bunkering blockchain transaction performed at Singapore


Photo credit: rise-x.io
Published: 29 January, 2020

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