Bunker fuel and marine lubricants price comparison site Bulugo on Thursday (20 February) said it has developed an online platform to help ship operators source marine fuels and lubricants at ports across the world.
Bulugo aims to enable ship operators to reduce the time and cost involved in sourcing fuel and lubricants by searching an online database of potential suppliers across several criteria – including fuel type, port, date of availability and compliance with IMO sulphur regulations.
Fuel suppliers will benefit by tapping into a wider pool of customers, including those that would previously only have been accessible through expensive analogue legwork, it notes.
On the lubricant side, there are more products than ever on the market, making matching the appropriate lubricant and fuel a more daunting task.
Bulugo simplifies both elements. Buyers can filter products to find compliant fuel and purchase the appropriate lubricants at the same time.
“The marine bunker industry will need to embrace digitalisation to overcome the challenges posed by IMO 2020 and shipping’s decarbonisation,” says Bulugo operations director Adrian Phillimore.
“Pressure to reduce operating costs whilst addressing climate change makes the bunker industry ripe for technological disruption.”
The Bulugo management team has significant experience having worked with oil majors, fuel traders and technology ventures.
“The strength of our unique digital platform and our sector expertise means that customers can be assured of getting the best price available for their fuel – leaving them to face the future with optimism, whatever it holds,” concludes Phillimore.
Bulugo is now available for demo. Sign up at bulugo.com.
Photo credit: Bulugo
Published: 21 February, 2020
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