German fleet operator SAL Heavy Lift on Monday (24 February) said it has hired Inatech, a unit of Glencore, to ensure compliance with new low-sulphur emissions rules and optimise bunker strategies.
SAL Heavy Lift will apply Smart Trader across parent group Harren & Partner’s fleet of ships.
Inatech’s ‘Smart Trader’ app, enables companies to map entire fleets of ships and visualise and plan for best port to bunker given sea and port conditions to achieve lowest prices for the desired quality of fuel.
The app enables companies to track their vessels on an integrated system that displays fuel levels on board, news alerts and live pricing data from S&P Global Platts.
The tool syncs with Inatech’s established Shiptech platform, which enables emission control area compliance and can calculate a fuel’s energy content, or calorific value, an increasingly vital metric for purchasing decisions since the arrival of new low-sulphur fuels.
“Smart Trader and Shiptech are now a crucial part of our operational infrastructure, ensuring that we are fully compliant and have complete visibility on all aspects of our fleets and bunker buying,” said Danny Stutzbecher, Head of Bunkers at SAL Heavy Lift in Hamburg.
Smart Trader data covers refined wholesale and retail marine fuels at more than 350 ports worldwide, along with regional indices, spreads, and moving averages. Potential suppliers are checked for quality and credit references to control counterparty risk.
“We are going through the most significant overhaul of regulations in a generation and most shipping companies are using the transition phase to rethink how they manage risk and costs,” Inatech’s Senior Vice President Alok Sharma said.
“Proactive energy management is key to ensuring competitiveness – bunker procurement is now at the heart of shipping companies’ strategy.”
Photo credit: SAL Heavy Lift
Published: 25 February, 2020
Contrary to media reports, the vessel remains afloat and is being attended to by a salvage vessel, it states.
NIMR’s bunker barge will carry an initial capacity of 5,000 mt of MGO, VLSFO and marine lube.
Development in quick response to customer demand for future ammonia-fueled ships and to contribute to the safe introduction of ammonia as a bunker fuel.
ECSA urges the EU to assess the impact of the COVID-19 outbreak on the shipping industry before implementing the climate law proposal that it published on 4 March.
Firm is also investing in green ammonia as a key carbon-free bunker fuel source, but foresees ammonia supply issues due to import limitations.
Purchase will allow Genco to capitalize on strong demand for drybulk commodities and multi-decade low vessel supply growth rates
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
