Tanker owner and operator Hafnia Group has mandated fuel management software provider Inatech, a unit of Glencore, to implement its Shiptech platform for optimising part of the fuel procurement process.
“From the onset of setting up the new bunker purchasing desk less than two years ago and with the imminent arrival of the 2020 emissions regulations, we want to find better ways to buy and monitor fuel purchases,” said Peter Grunwaldt, General Manager for bunkers at Hafnia Group.
“Shiptech automates a lot of the fleet monitoring and fuel price comparison processes, and this will free up our team to instead think strategically and respond quickly as situations emerge. It will eventually allow us to track the quality of the fuel, which is crucial for us.”
As well as adapting to the International Maritime Organisation’s new emission standards, shipping firms have been shaken by the recent contamination of fuel supplies, notes Inatech.
Hundreds of ships have been impacted as the infected fuel has damaged engines mid-voyage. Spreading to Singapore and elsewhere in Asia, the contamination is believed to have originated in the US Gulf Coast from suppliers blending inappropriate ingredients.
The IMO 2020 rules will increase the amount of blending with so-called cutter stocks in shipping fuel, raising the risk of further contamination.
“The previously sleepy world of shipping fuel procurement has had a rude awakening these past few months from both the impending emissions regulations and the recent fuel contamination issue,” said Jean-Hervé Jenn, CEO of Inatech.
“We’re working hard to ensure that ship operators have the best tools possible to navigate in an increasingly complex arena.”
Published: 28 September, 2018
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.