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
Photo credit: rise-x.io
Published: 29 January, 2020
The COVID-19 pandemic continues to evolve and MPA is working closely with other agencies to monitor the situation, both globally and in Singapore, the port authority tells Manifold Times.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.