Inatech, a provider of Cloud ETRM & Fuel Management Software, has launched a new version of its Shiptech bunker fuel management system, ShiptechLite, catered for small- to mid-size shipping companies recovering from Covid-19 related disruptions.
Inatech, a subsidiary of Glencore, notes that smaller shipping firms with less than 40 vessels command a significant market segment of more than 2,500 ships.
Unlike larger companies, these operators often lack options to weather a crisis, such as keeping ships in storage, and typically have lower cash buffers and resilience.
“While addressing the needs of smaller shipping firms today, ShiptechLite is an affordable and permanent product offering,” said Alok Sharma, Senior Vice President at Inatech in London.
“We have collaborated closely with smaller shipping companies to match the product very closely to their differing needs at a price point that suits their business models.”
ShiptechLite is a decision support tool that focuses on the bunker procurement process, explained Inatech.
It automates the entire Request for Quotation (RFQ) process at a glance, managing everything from creating and sending out requests to conducting multiple stakeholder negotiations, and finally to stemming the order.
Inatech notes that it also has a powerful negotiation tool which makes port recommendations, and analyses the tactics of suppliers based on previous orders to make choosing the best deal easier.
Other tools include vessel position tracking and access to marine fuel pricing data in over 200 global bunkering ports from Ship & Bunker.
ShiptechLite supports multiple product types and all new fuels including HSFO, LSFO, VLSFO (0.5%), ULSFO (0.1%), IFO, LNG, sludge and additives.
All of this is achieved within a cloud-based system, imposing no hardware or maintenance costs and incorporating strong disaster recovery protocols.
“It will help these companies weather this storm and will put wind in their sails as they navigate the calmer waters that will follow,” concluded Sharma.
A free trial is available for booking here.
Photo credit: Inatech
Published: 17 September, 2020
The aim of implementing the license is to also promote transparency and reduce dispute cases as seen in the ports of Singapore and Gibraltar, said the port authority.
Asia which makes up 40% of global bunker demand will bear brunt of demand shift caused by IMO 2020.
‘MFM is more than just MFM,’ says spokesman of Singapore accredited bunker supplier.
World’s first laser-based targetless relative DP reference system on LNG bunker tanker Kairos helps to enable safe bunkering at sea.
CEPSA Panama’s name will be changed to align with Minerva’s ownership at a future date, says new owner.
The Panama Maritime Chamber supported event will look at the legislation and guidelines for the IMO 0.50% sulphur cap, how authorities are dealing with it, and more.
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.
