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ZeroNorth acquires Prosmar Bunker Dashboard solution and Bunker Pricer module

Prosmar will operate as an independent business, with the same management team currently running the company; Prosmar Risk and Prosmar Price Matrix are not included in deal.

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Technology company ZeroNorth on Tuesday (1 November) announced it has acquired Prosmar Bunkering AS, the online platform supporting the bunker fuel market. The acquisition will aim to accelerate digitalisation and transparency in the bunker industry and further support the decarbonisation transition within the marine value chain. 

The deal sees ZeroNorth acquire Prosmar’s Bunker Dashboard solution and Bunker Pricer module, which will operate under the name Prosmar Bunkering AS. Prosmar’s two other services, Prosmar Risk and Prosmar Price Matrix, which offer freight risk management services, are not included as part of the deal with ZeroNorth.

Investment and commercial support from ZeroNorth will enable Prosmar Bunkering to accelerate its already impressive growth journey by increasing the company’s commercial presence in relevant markets, spurring continued development of its product portfolio, as well as enhancing customer experience. 

Prosmar Bunkering will operate as an independent, standalone business, with the same management team currently running the company. The company will continue to offer a cross-functional dashboard to simplify and streamline the bunker process, as well as support suppliers, buyers, and brokers with their bunker fuel needs. 

ZeroNorth said the move to acquire Prosmar Bunkering directly supports ZeroNorth’s ambitious growth strategy within the bunker space, allowing the company to offer more accurate bunker prices.

This is the first acquisition by ZeroNorth since its capital equity raise of USD 50 million earlier this year. In December 2021, ZeroNorth acquired ClearLynx - now ZeroNorth Bunker - another industry leading online bunker platform.

Søren Meyer, CEO of ZeroNorth, said: “The bunker industry and its full value chain are integral to the process of decarbonising shipping. The ‘business as usual’ way of operating must now be fundamentally challenged if we are to propel the industry forward rapidly enough to save the planet and meet tightening regulations.”

“We have a clear ambition to help the industry with its transition to clean fuels. By acquiring Prosmar Bunkering, we believe that we can further accelerate and pursue our goal to decarbonise shipping, together with the industry.” 

Ali Jourabchi, CEO at Prosmar, said “Prosmar Bunkering will continue to provide its customers with practical software to simplify the bunker process. This partnership with ZeroNorth will now enable us to further develop our products, rapidly bring new solutions to market and propel change in the bunker space, while operating as an independent company.”

“We will also place increased focus on growing Prosmar Bunkering’s presence in new markets, bringing us closer to customers and supporting their needs through this dynamic and changing landscape.”

Related: ZeroNorth opens new office in Singapore to expand in Asia
Related: ZeroNorth unveils ZeroNorth Bunker for bunker planning, procurement, and analytics
Related: X-Press Feeders to deploy ZeroNorth platform and optimisation services across fleet
Related: ZeroNorth acquires US-based bunker market platform ClearLynx
Related: BunkerEX and ZeroNorth collaborate to enhance bunker price transparency

 

Photo credit: ZeroNorth
Published: 2 November, 2022

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LNG Bunkering

Japan: MOL’s third LNG-fuelled ferry “Sunflower Kamuy” starts operation in Oarai

“Sunflower Kamuy” will serve the Oarai-Tomakomai route between Ibaraki Prefecture and Hokkaido as a replacement for the Sunflower Daisetsu, says MOL.

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Japan: MOL third LNG-fuelled ferry “Sunflower Kamuy” starts operation in Oarai

Mitsui O.S.K. Lines (MOL) on Thursday (23 January) announced that the LNG-fuelled ferry Sunflower Kamuy, owned by MOL and operated by its group company MOL Sunflower, entered service in Oarai.

The vessel will be the third LNG-fuelled ferry operated by MOL Sunflower, following the Sunflower Kurenai and Sunflower Murasaki, which have been in service on the Osaka-Beppu route from 2023.

Sunflower Kamuy will serve the Oarai-Tomakomai route between Ibaraki Prefecture and Hokkaido as a replacement for the Sunflower Daisetsu.

Along with the sister vessel Sunflower Pirka, scheduled to enter service in early summer 2025, MOL Sunflower will operate a fleet of four LNG-fuelled ferries on the Oarai-Tomakomai route and the Osaka-Beppu route within 2025. 

MOL Sunflower operates 10 ferries and 4 RoRo vessels on six routes throughout Japan, from Hokkaido to Kyushu, providing service for both logistics and passengers in Japan.

 

Photo credit: Mitsui O.S.K. Lines
Published: 24 January, 2025

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LNG Bunkering

SEA-LNG report: Number of LNG-fuelled vessels in operation up by over 33% in 2024

Based on its latest ‘View from the Bridge’ report, SEA-LNG reported an annual vessel growth of over 33% to 638 LNG-fuelled vessels in operation worldwide in 2024.

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SEA-LNG report: Number of LNG-fuelled vessels in operation up by over 33% in 2024

Industry coalition SEA-LNG on Thursday (24 January) reported an annual vessel growth of over 33% to 638 LNG-fuelled vessels in operation worldwide in 2024. 

This was one of the findings of SEA-LNG’s annual ‘View from the Bridge’ report, highlighting 2024 as another year of growth for the LNG pathway. 

Analysing data from SEA-LNG members, the report found that global market adoption and growth reached record heights in 2024. 

Looking forward, over 1,200 vessels are expected to be operating by the end of 2028. In 2024, LNG dual-fuelled vessels accounted for 70% of alternative fuelled tonnage ordered, excluding LNG Carriers, up from 43% in 2023. 

This record expansion follows the growing availability of LNG bunker fuel beyond the traditional bunkering hubs. Currently, LNG bunkers are accessible in approximately 198 ports worldwide, and plans are underway for bunkering facilities in an additional 78 ports. This comes as over 60 LNG bunkering vessels are operating today, marking a 22% increase from 2023. 

The ‘View from the Bridge’ report also highlights how the LNG pathway took a significant step in 2024, with liquified biomethane delivering on decarbonisation and regular renewable e-methane supplies expected in 2026. 

SEA-LNG members are prepared to offer biomethane bunkers in some 70 ports globally, with multiple bunkering operations already taking place. 

A highlight was the successful biomethane bunkering pilot as part of the Methane Track within the Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC). This was the first practical delivery of any international Green Corridor since they were announced as part of the Clydebank Declaration at COP 26 in Glasgow. 

Peter Keller, chairman of SEA-LNG, said: “Our latest View from the Bridge reaffirms the importance of the LNG pathway as a practical and realistic route to shipping’s decarbonisation now. We continue to believe that the shipping industry is heading towards a successful multi-fuel future where LNG will always play a critical role.”

“To deliver net zero by 2050 across the global shipping fleet, a basket of fuels is required and the LNG pathway will continue to lead the way. This is not a case of my fuel versus your fuel but rather which fuel best allows the industry to reach its stated goals. The LNG pathway provides the path to net zero.” 

SEA-LNG’s latest report also highlights that 2024 has seen considerable progress in addressing methane slip. “Advances in eliminating methane slip, in combination with biomethane and e-methane, provide a clear, effective, and viable long-term pathway towards net zero emissions. Shipowners and operators can be confident that the vessels ordered today are future-proofed for their lifespan.”

“With a proven track record of technical improvements to reduce methane slip and upstream emissions, coupled with tighter regulations from global and regional authorities, we continue to believe methane slip will be a non-issue by the end of this decade,” Keller continued.   

FuelEU Maritime will be a key regulation in advancing shipping industry decarbonisation, heading into 2025. According to analysis from SEA-LNG, FuelEU Maritime creates a favourable environment for the LNG pathway. 

With the ability to achieve GHG emissions reductions of up to 23%, LNG-fuelled vessels are compliant until 2039. The use of liquefied biomethane and e-methane can extend compliance through to 2050 and beyond. 

Note: The full report is available for download here.

 

Photo credit: SEA-LNG
Published: 24 January, 2025

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Alternative Fuels

DNV, partners to develop new standards for using digital twins to test electric propulsion systems

Collaboration with HD Hyundai Mipo and HD KSOE focuses on developing standards for testing electric powered vessels through the use of digital twin-based criteria and procedures.

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DNV, partners to develop new standards for using digital twins to test electric propulsion systems

Classification society DNV on Friday (24 January) signed a Memorandum of Understanding (MoU) with HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE). 

The collaboration focuses on developing standards for testing electric powered vessels through the use of digital twin-based criteria and procedures, to enhance ship safety and efficiency.

The project aims to resolve issues related to the integration of highly complex vessel systems for electric propulsion. 

Utilising hardware in the loop (HiL) testing via digital twins of the different systems enables integration tests to be performed both earlier in the process on a much broader and deeper level.

To ensure the accuracy of the tests, however, we need to be confident in the digital assets. Together DNV, HMD and KSOE are working on the verification of these digital assets. Utilising DNV verified digital assets, will facilitate the integration process. In addition, when systems from multiple suppliers are tested together, having the same requirements and HiL test procedures ensures the reliability of the testing.

Kitae Kim, Head of Quality Management, HD Hyundai Mipo, said: “Through this technical collaboration we aim to establish clear and practical digital twin-based testing procedures and standards. These can foster broader industry participation and ensure the reliability of results. In doing so, we hope to safeguard the performance and safety of ship systems and lead in building a digital twin ecosystem for the shipbuilding industry.”

Byoung Hun Kwon, Head of the Electrification Center/Digital Technology Research Lab, at HD KSOE, said: “We have proactively developed and implemented digital twin technology, including HiL, to safeguard the performance and quality of vessels, achieving world-class advancements in virtual commissioning technology. This collaboration marks a pivotal milestone, uniting HD Hyundai Mipo, HD KSOE, and DNV to drive digital innovation in the shipbuilding and marine industry.”

Andreas Kristoffersen, Head of Approval Centre Korea and DNV Maritime, said: "This MoU highlights HMD, KSOE and DNV’s commitment to driving digitalization in the maritime industry. By adopting digital twin-based testing for complex systems, we are working together to shape the future of maritime operations and set new industry standards for safety and performance."

The project will also focus on maintaining the digital assets throughout the life-cycle of the vessel to maximize their value over the long-term. With verified assets, component models could also be used in a “plug-and-play” manner as different systems are introduced into the simulation space or updated over time.

This initiative sets out to build a foundation for leveraging class-verified digital assets to support more comprehensive and earlier HiL testing. It aligns with DNV’s Data-driven Verification (DDV) notation, which has been developed to ensure reliable performance of complex systems.

 

Photo credit: DNV
Published: 24 January, 2025

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