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Claritecs showcases bunker and shipping IT solutions in debut at SIBCON

Offers free one-month trial of vessel Asset Management solutions, which prices Singapore’s bunker tanker fleet.




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Singapore-based independent maritime technology firm Claritecs Pte Ltd is showcasing several of its bunker and shipping sector solutions at the Singapore International Bunkering Conference and Exhibition (SIBCON).

The Claritecs Auto Scheduling system, mass flowmeter (MFM) Auto Profiling system, and vessel Asset Management solution are products developed to enhance operations of the Singapore bunkering industry, says Claritecs CEO Wong Hong Lee.

“Claritecs was founded by maritime veterans who are passionate about addressing work inefficiencies with technology. We recognise that there are many homegrown small and medium-sized enterprises in the maritime industry who are keen in enhancing their operations by adopting digitisation and data analytics, but have difficulties in setting aside resources to drive the process or unable to gain access to the right expertise who understands their niche business. This is Claritecs’ forte,” says Wong, who is also the Managing Director of Sovereign Shipping Global Pte Ltd.

The Claritecs Auto Scheduling system to optimise bunker operations is a top 18 finalist project at the 2018 Smart Port Challenge organised by PIER71 – an innovation ecosystem for the maritime industry founded by the Maritime and Port Authority of Singapore and NUS Enterprise.  This acceleration programme encourages the maritime industry to venture into new growth areas through collaboration with technology start-ups.

Wong shared that the Auto Scheduling system is able to reduce manual and repetitive work of bunker suppliers by digitalising bunker tanker scheduling.  

It further applies data analytics and machine learning of the bunker suppliers’ fleet, taking into consideration its tank size, type of fuel and quantity carried, to take on additional jobs for maximised fleet utilisation.

“It is about time the bunkering industry progress from using excel worksheets as their scheduling platform, and move to using technology to reduce manual work and increase productivity,” states Wong.

Furthermore, other stakeholders within the bunker supply chain – such as shipping agents of the receiving vessels and oil terminals – will gain oversight of operational schedules affecting their areas of business.

The Claritecs Auto Profiling system for MFMs is an automated tool aimed at supporting users with an analysis of their bunker meter profiles to obtain insights into their bunker operations. It is able to decipher thousands of data points into a concise report which detects abnormalities for further investigation.

“Algorithm driven analysis founded on MFM expertise forms the basis of Claritecs’ Auto Profiling System.  Currently, the manual analysis of MFM raw data and writing of the report would take a few days. Our automated 3 stage analysis provides this in just a minutes on an intuitive dashboard and is easy to use,” notes Wong.

Thirdly, the Claritecs Asset Management solution is a no-frills valuation of 45,000 international vessels, mainly tankers and bulkers, through three levels namely: Historical transactions (level 1); Opinion based (level 2); and Discounted cashflow variables (level 3).

More interestingly, it is backed by a newly developed plug-in which is able to determine the value of each bunker tanker in the Singapore fleet. Manifold Times understands Singapore-registered bunker tankers undergo a different pricing structure from regular oil tankers due to their unique configuration.

“Having one of the largest bunker tanker fleets in the world, Singapore’s bunker tanker valuations are often used as a gauge, to provide an indicative value in the global ship Sale and Purchase market. As this is a very niche sector, accurate valuations are hard to come by but Claritecs has the expertise to formulate such valuations. We trust that users would find this information very useful,” says Wong.

Note: The Claritecs Asset Management solution is available for a one-month free trial period upon enquiry at the Claritecs booth (no.46) at SIBCON.

Photo credit: Claritecs
Published: 1 October, 2018


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Alternative Fuels

GCMD, BCG survey highlights three maritime decarbonisation archetypes

Survey identified three decarbonisation archetypes within the shipping industry, differentiated in their outlook, investment appetite and the challenges faced.





RESIZED Venti Views on Unsplash ship vessel

The Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) conducted an industry survey to take stock of shipowners and operators’ progress in establishing six elements needed for the shipping industry to reach net zero, according to BCG on Wednesday (27 September). 

The survey saw strong participation from 128 shipowners and operators across vessel types, fleet sizes and geographies, which collectively own or operate 14,000 merchant vessels, and account for USD500 billion in revenue.

The duo found high decarbonisation ambitions: Most respondents viewed net zero as a strategic priority, and 77% had already set concrete decarbonisation targets. The industry has also mobilised resources to decarbonise: respondents are investing 2% of their revenues into green initiatives, and 87% have personnel working toward green objectives.

The path to net zero for shipowners and operators requires six elements:

  • A robust strategy and roadmap
  • Four specific decarbonisation levers to reduce emissions: operational efficiency, technological efficiency, fuel transition, and shipboard carbon capture
  • Enablers such as dedicated sustainability teams, strategic investments in green initiatives, internal carbon prices, and digitalization

While the industry has made some progress in adopting mature and cost-effective efficiency levers, adoption of complex or nascent levers remains low. Drop-in green fuels are constrained by costs and supply-side gaps, and optimism for future cleaner fuels is yet to translate into firm commitment.

The industry is now at a pivotal point, with many shipowners and operators ramping up their decarbonisation efforts. Three-quarters of respondents plan to increase investments in green initiatives. Stakeholders can build on this momentum with a variety of supportive actions. But to be effective, they need to tailor their interventions to address the specific challenges that shipowners and operators face at each stage of decarbonisation.

Three Decarbonisation Archetypes

GCMD and BCG saw three archetypes, differentiated in their outlook, investment appetite, and the challenges faced.

Frontrunners have the greatest ambitions and are willing to invest heavily. They are pushing boundaries, adopting even nascent decarbonisation levers, such as wind propulsion and air lubrication. A majority plan to pilot shipboard carbon capture solutions by 2025. Frontrunners are also planning to adopt methanol and ammonia as early as 2026 and 2029 respectively, and the availability of fuels and bunkering infrastructure will be critical to enabling adoption.

Followers believe in decarbonising their fleets, but have tighter investment thresholds and a near-term outlook. They have kept pace with Frontrunners in adopting mature and cost-effective efficiency levers, such as main engine improvements and slow steaming, but are behind in the adoption of nascent levers, such as wind propulsion and air lubrication.

Conservatives are still early in their decarbonisation journey, likely due to a lack of awareness and familiarity with the various decarbonisation levers, and the capabilities to assess and deploy them. They are best supported by measures that increase their familiarity with the levers and help contextualise them to their specific fleets and operational requirements.

The research highlights five key actions for stakeholders:

Conduct technical pilots and facilitate data sharing, especially for nascent levers

  • Create innovative financing mechanisms to de-risk adoption of less mature levers
  • Raise awareness, contextualize levers, and build capabilities, especially among Conservatives
  • Start to build out future fuels infrastructure at ports
  • Develop mechanisms to equalize and share the costs of levers across the ecosystem
  • Maritime decarbonization is a complex, critical endeavor. The successful implementation of these five key actions demands a whole-of-value-chain approach. By working together, stakeholders can transform the maritime sector into a beacon of environmental stewardship, and set a course for a greener future where decarbonization and commercial success go hand in hand.

Note: The GCMD-BCG Global Maritime Decarbonisation Survey report can be downloaded here.

Photo credit: Venti Views on Unsplash
Published: 28 September, 2023

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Digital platform

digitalPORT@SG – MPA implementing JIT Platform for Port of Singapore

JIT Platform will be fully implemented for vessels that are berthing at PSA Terminal and Jurong Port for cargo operations from 1 October 2023 onwards, states port authority.





DigiPort Graphic

The Maritime and Port Authority of Singapore (MPA) on Friday (22 September) said its Just in Time Planning and Coordination Platform (JIT Platform) will be fully implemented for vessels that are berthing at PSA Terminal and Jurong Port for cargo operations from 1 October 2023 onwards.

From January 2024 onwards, the JIT Platform will be progressively implemented to tankers berthing at the energy terminals and to all vessels calling at the anchorages.

“The ship agents, ship liners and marine service providers should make use of the JIT Platform to facilitate optimal arrival and departure of vessels to and from the Port of Singapore,” it stated in PMC No. 10 of 2023.

According to the port authority, the JIT Platform provides advanced information of the vessel schedule in port, allowing vessels to maintain an optimal operating speed to arrive at the Port of Singapore, reducing the time at the anchorages prior to berthing.

The application of JIT arrivals for vessels can result in lower bunker fuel consumption through voyage optimisation and hence savings in carbon emissions.

Marine Service Providers can make use of the advanced and real time information of the vessel schedule to plan and optimise the deployment of the port resources such as pilotage, towage, bunker tankers and supplies more effectively. This will lead to faster vessel turnaround time and cost savings for the vessels.

In preparation of the implementation of JIT Platform, MPA conducted several training sessions for the shipping and harbour craft communities. Since July 2023, these training sessions allow the ship agents, towage service providers, and bunker suppliers to have hands-on experiences and familiarise themselves with the system and its functions.

Photo credit: Maritime and Port Authority of Singapore
Published: 25 September, 2023

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Alternative Fuels

Hyundai secures first HiMSEN methanol engine supply contract with Japanese shipyard

In the 1st half of 2023 Hyundai Heavy Industries signed a supply contract for total 75 sets of its next-generation H32C engines with Imabari shipbuilding.





HiMSEN Methanol Dual fuel engine

HD Hyundai Heavy Industries - Engine & Machinery on Thursday (21 September) said it recently signed a contract for total 16 sets of HiMSEN Methanol Dual fuel engine (8H32DF-LM) and selective catalytic reduction (SCR) units as a package supply with Tsuneishi shipbuilding in Japan.

The equipment will be installed on four vessels built at the Tsuneishi Zhoushan Shipyard in China under the Tsuneishi shipbuilding and the engine will be delivered to the shipyard sequentially from January 2025.

In the 1st half of 2023 Hyundai Heavy Industries signed a supply contract for total 75 sets of its next-generation H32C engines with Imabari shipbuilding in Japan for 15 container vessel newbuildings.

“In this time, it [Hyundai Heavy Industries] is expected to expand its position in the Japanese market which has been monopolised by competitors with a long history, by supplying first HiMSEN methanol Dual fuel engine to Japanese market,” said the engine manufacturer.

Photo credit: HD Hyundai Heavy Industries - Engine & Machinery
Published: 21 September 2023

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