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General Index and XMAR to integrate marine fuel pricing data into trading platform

General Index said the partnership aims to provide XMAR’s users with accurate and timely bunker pricing information, enhancing their decision-making processes in the maritime industry.

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General Index and XMAR to integrate marine fuel pricing data into trading platform

Commodity pricing provider General Index recently announced its partnership with online bunker trading platform XMAR to integrate its marine fuel pricing data into their platform.

General Index said the partnership aims to provide XMAR's users with accurate and timely bunker pricing information, enhancing their decision-making processes in the maritime industry.

“Our comprehensive bunker pricing data covers various fuel types and global ports, ensuring that XMAR's users have access to the most relevant and up-to-date information,” it added. 

By incorporating its data into XMAR's platform, users can benefit from:

  • Real-time Pricing: Stay informed with the latest bunker prices across key ports worldwide.
  • Market Transparency: Gain insights into market trends and price fluctuations to make informed purchasing decisions.
  • Customised Data Feeds: Access tailored data solutions that meet specific operational needs.

This integration will empower maritime professionals to optimise their operations and fuel procurement strategies.

“At General Index, we are committed to delivering high-quality, transparent, and independent pricing data to support the maritime industry's evolving needs.

 

Photo credit: General Index
Published: 7 February, 2025

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Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions

Integration combines Ofiniti’s FuelBoss platform with Angsana’s BunkerFlow and DocuFlow solutions, creating a digital ecosystem for bunker suppliers, vessel operators, and port authorities.

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Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions

Ofiniti, a provider of digital solutions for maritime bunker operations, on Tuesday (11 March) said it has acquired 100% of Angsana, with the entire Angsana team joining Ofiniti as part of the acquisition. 

This move reinforces Ofiniti’s commitment to enhancing digital solutions for maritime fuel operations, focusing on serving existing customers and delivering the best solution for Singapore. 

“By integrating Angsana expertise, Ofiniti further strengthens its position as the leading provider of Digital Delivery solutions for maritime operations while ensuring extended 24/7 and global support for Angsana’s customers,” Ofiniti said in a statement. 

“With maritime fuel operations under increasing pressure to digitise, comply with new regulations, and reduce inefficiencies, this strategic acquisition positions Ofiniti as the driving force in transforming bunker delivery with e-BDNs and real-time analytics.”

Singapore’s recent mandate for digital bunkering solutions makes this deal especially timely, setting a precedent for the global industry.

Why Now?

With Singapore set to mandate digital bunkering by 1 April 2025, this acquisition is pivotal. Ofiniti and Angsana are uniquely positioned to support bunker suppliers and vessel operators in complying with new regulations while optimising operational efficiency. 

As digitalisation and sustainability reshape the industry, Ofiniti is taking charge of building a smarter and more transparent maritime fuel ecosystem.

Ofiniti was spun out of DNV in September 2024 after securing outside investment from Singapore-based ShipsFocus and a Nordic Family Fund, with DNV remaining the largest shareholder. Angsana, founded in 2021, was a pioneer in the Digital Bunkering initiative and among the first e-BDN providers to be added to the Singapore Maritime and Port Authority (MPA) whitelist.

With this acquisition, Ofiniti will enhance operational efficiency, transparency, and compliance for maritime bunker operations. The integration combines Ofiniti’s FuelBoss platform, which incorporates Digital Delivery and Live Delivery Insights, with Angsana’s BunkerFlow and DocuFlow solutions, creating a seamless and robust digital ecosystem for bunker suppliers, vessel operators, and port authorities.

“This acquisition accelerates our mission to digitise maritime fuel operations, driving efficiency and compliance at an unprecedented scale. With Singapore at the forefront of digital bunkering, we are poised to redefine how the global industry operates,” said Tue Nielsen, CEO of Ofiniti. 

“I’m humbled to welcome See Lin Ang and the rest of the Angsana team onboard. With Singapore as a key market, this move strengthens our leadership in Digital Delivery while laying the groundwork for global expansion.”

See Lin Ang, Founder of Angsana and now Vice President of Technical Sales at Ofiniti, added: “This marks an exciting new chapter for Angsana. By integrating our expertise with Ofiniti’s strong industry presence, we can better serve our customers and improve digital solutions for bunker operations worldwide.”

Commitment to Innovation & Growth

Ofiniti’s acquisition of Angsana is more than just a business deal - it’s a commitment to revolutionising maritime fuel operations. Our combined expertise will drive seamless, transparent, and efficient bunker transactions, benefiting suppliers, vessel operators, and port authorities worldwide.

“Ofiniti will continue to support Angsana’s existing customers and maintain its BunkerFlow product under its current framework until further updates,” it added. 

To strengthen its presence in Singapore, Ofiniti will invest further in technology, customer support, and innovation, expanding its workforce in the near term. By refining and optimising solutions in the world’s leading bunker hub, this acquisition will serve as a launchpad for Ofiniti’s global growth strategy.

Related: Singapore: FuelBoss by Ofiniti becomes sixth whitelisted e-BDN solution
Related: ONE completes e-BDN adoption trial with Shell in Port of Singapore
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes

 

Photo credit: Ofiniti
Published: 11 March, 2025

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Hapag-Lloyd uses StormGeo digital solutions for FuelEU Maritime compliance

StormGeo shares how it is supporting Hapag-Lloyd’s sustainability journey with its s-Log and s-Insight digital solutions to comply with the new FuelEU Maritime regulation.

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Voyage optimisation and weather intelligence solutions provider StormGeo on Thursday (6 March) shared how it is supporting Hapag-Lloyd’s sustainability journey with its s-Log and s-Insight digital solutions to comply with the new FuelEU Maritime regulation.

The following is an excerpt of the article: 

As the shipping industry continues its journey towards a decarbonized future with the new FuelEU Maritime regulation, Hapag-Lloyd relies on StormGeo’s future-proof digital solutions and services to stay compliant and achieve its long-term sustainability goals.

Operating around 300 container ships with a total transport capacity of more than 2.3 million TEU, Hapag-Lloyd is one of the world’s most prominent and leading liner shipping companies – and the largest fleet sailing under the German flag.

In addition to being one of the largest in the industry, Hapag-Lloyd is also one of the greenest. The company was the first to ever convert a large container ship to dual-fuel propulsion capable of using LNG and by end of 2025 will have a fleet of 13 LNG dual-fuel vessels in operation, thereby reducing CO2 emissions significantly. Furthermore, up to 50 of their ships already run on biofuels, such as bio-LNG and FAME, capable of reducing greenhouse gas emissions by up to 80% compared to conventional fuels.

Navigating FuelEU Maritime Compliance

With these sustainability initiatives, Hapag-Lloyd has taken crucial steps toward compliance with the FuelEU Maritime regulation that came into effect on January 1st, 2025. This EU-driven initiative dictates that shipping companies must decarbonize their operations by reducing the GHG intensity of their vessels and increasing the use of sustainable fuels, such as biofuels, green methanol, ammonia and others.

To become fully compliant, Hapag-Lloyd demands a robust biofuel-compliant reporting system that can efficiently align biofuel consumption data with the specific demands outlined in the new regulation.

With these 300 vessels requiring proper data reporting, validation, and verification by their emission verifier DNV, Hapag-Lloyd relies on StormGeo’s s-Log and s-Insight solutions to accurately monitor, report, and validate GHG intensity for FuelEU Maritime compliance and all other GHG emission reduction schemes (EU ETS, CII, MRV, IMO DCS, CCWG, and ESI).

“It’s crucial for us to work with partners like StormGeo, who share our commitment to drive the shipping industry toward a more sustainable future,” says Heribert Riesenhuber, Director Fleet Energy Management at Hapag-Lloyd Hamburg Head Office. “Our decade-long partnership has yielded great solutions for environmental compliance that have benefited not only us but the industry at large, and we’re excited to continue our work with StormGeo to advance our decarbonization goals and tackle new reporting requirements, such as FuelEU Maritime.”

The Role of Digital Tools in Shipping Decarbonization

Hapag-Lloyd leverages a comprehensive solution for the entire FuelEU Maritime compliance process, enabled by StormGeo’s ship-to-shore data reporting system s-Log to easily accommodate biofuel reporting in anticipation of the new regulation – in addition to the data validation system s-Insight and direct access to regulatory and industry experts.

With these solutions, Hapag-Lloyd can accurately calculate the GHG intensity of biofuels used across its fleet according to the specific requirements of the FuelEU Maritime regulation.

The data reporting system collects all fuel consumption data, including biofuels, and runs strict validation rules to identify and flag any reporting errors, improve data quality, and increase accuracy. The validated consumption data is then calculated into GHG intensity data, which can automatically be shared with all major emission verifiers globally, including DNV, through APIs.

Through its Hamburg-based Fleet Performance Center, StormGeo’s experts are available to support Hapag-Lloyd throughout the entire process, including proactive discussions with verifiers.

“Our collaboration with Hapag-Lloyd is an example of the power of partnerships in the decarbonization of the shipping industry,” says Till Braun, Strategic Account Manager and Sales Director at StormGeo. “Sustainable maritime operations require close collaboration between different industry players, and we’re excited to work with and learn from Hapag-Lloyd and their partners to simplify compliance and enable proactive sustainable strategies for the benefit of the industry as a whole.”

Note: The full story on how StormGeo is supporting Hapag-Lloyd’s sustainability journey can be found here.

 

Photo credit: Hapag-Lloyd
Published: 7 March, 2025

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Employment

Ofiniti appoints Oliver Brix Sparsø as new Global Director of Sales

Company also announced the promotion of Emil Parmo Hansen to Global Sales Executive and opening of its new Copenhagen Hub at Højbro Plads in Denmark.

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Ofiniti appoints Oliver Brix Sparsø as new Global Director of Sales

Ofiniti, a DNV company, on Wednesday (5 March) announced the appointment of Oliver Brix Sparsø as its new Global Director of Sales and the promotion of Emil Parmo Hansen to Global Sales Executive.

The company said Sparsø brings solid experience from the maritime industry, having held key commercial roles at two leading maritime companies. 

It added his deep understanding of the market dynamics and strong commercial mindset will be instrumental in expanding Ofiniti’s reach. 

“Emil’s promotion reflects his outstanding contributions and ability to drive growth,” Ofiniti said.

“With a strong maritime SaaS background, he has successfully translated his expertise into tangible value for our customers, strengthening FuelBoss as a leading platform for Digital Delivery. His ability to bridge technology and industry needs has been key in shaping our customer engagement.”

Tue Nielsen, Chief Executive Officer, said: “I'm honoured to have Oliver on board to steer our sales efforts in the right direction, and continue to see Emil's immense efforts within Ofiniti reflected in his promotion. Together with the remainder of our strong team, they will continue to push our leading platform and create value for stakeholders in the maritime industry”.

Ofiniti appoints Oliver Brix Sparsø as new Global Director of Sales

At the same time, Ofiniti announced the opening of its new Copenhagen Hub at Højbro Plads.

“Denmark has long been a global anchor for shipping and maritime fuels, and this office will serve as our hub for deeper collaboration with the strong Danish maritime community,” it said.

Manifold Times recently reported FuelBoss, Ofiniti’s platform for managing marine fuel bunkering operations, being whitelisted by the Maritime and Port Authority of Singapore for the implementation of electronic bunker delivery note (e-BDN) in the republic.

Related: Singapore: FuelBoss by Ofiniti becomes sixth whitelisted e-BDN solution
Related: Digital bunkering platform Ofiniti successfully spun out from DNV
Related: FuelBoss to continue under new DNV company Ofiniti

 

Photo credit: Ofiniti
Published: 6 March, 2025

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