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ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier

Access to ZeroNorth Bunker Electronic Bunker Delivery Notes (eBDN) will streamline bunker processes, enabling Golden Island to drive efficiency, transparency, and contribute to decarbonising shipping.

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Technology company ZeroNorth on Thursday (30 November) has announced that it has enabled its customer Golden Island Diesel Oil Trading Pte Ltd (Golden Island) to become the first marine fuel supplier in Singapore to go 100% digital in its use of Electronic Bunker Delivery Notes (eBDN).

Golden Island has chosen ZeroNorth Bunker’s eBDN solution, developed by BTS and recently consolidated under the ZeroNorth Bunker brand. The company will be able to provide 100% digital processes to increase transparency and improve collaboration. 

“Enabled by ZeroNorth’s technology platform, Golden Island plans to stop issuing physical BDNs from 1 December, as part of the company’s digitalisation initiative to move away from manual, paper-based processes and reduce its environmental impact on the journey to greener operations,” ZeroNorth said in a statement shared with Singapore-based bunkering publication Manifold Times.

ZeroNorth’s eBDN service will digitalise the bunker delivery process for its customers, with Golden Island the first to benefit and swiftly and securely verify purchased fuel quantities, eliminate delays and ensure smooth transactions.

“This move will help Golden Island to streamline the bunkering documentation process, increasing transparency, and driving efficiency and productivity across its marine fuel delivery operations. Digitalisation will enhance crew productivity and operational efficiencies. By eliminating paper forms with ZeroNorth’s solution, Golden Island expects to save at least two hours of manual data entry work each day,” ZeroNorth added. 

By digitalising the bunkering process, ZeroNorth will turn millions of data points into actionable recommendations for Golden Island on where it can drive efficiencies and achieve greener operations. With more data being interpreted through the digitalisation of BDNs, increasingly robust insights and analysis of emissions will then be generated for customers, further powering up the marine fuel market’s data flywheel. This will also enhance reporting, as information is standardised and readily available in a digital format.

Tomohiro Yamano, General Manager, Marine Fuel Department at Golden Island, said: “A month after the Maritime and Port Authority of Singapore (MPA) launched its digital bunkering initiative as the first port in the world to implement eBDN, we are proud to be the first company to fully switch to eBDN in the Singapore bunkering market. To achieve this, we required a solution that would facilitate a seamless workflow to enhance the productivity and efficiency of our marine fuel delivery operations.

“We were impressed with ZeroNorth’s deep understanding of the bunker industry and the capabilities of its eBDN solution. Digitalising our bunker processes with eBDN fits in with our digitalisation initiative to enhance and streamline operations, which will in turn also drive easier reporting and analysis of emissions.”

Kenneth Juhls, Managing Director for ZeroNorth Bunker at ZeroNorth, said: “Bunker procurement has been a traditionally cumbersome process, burdened by manual documentation. We’re delighted to be helping Golden Island eliminate these manual processes to streamline documentation, drive efficiencies and boost productivity across its operations as a global eBDN solution on the market.

“Given the integral role marine fuels are set to play in decarbonising shipping, ZeroNorth is proud to help our customers and the wider industry digitalise bunker operations. The data generated will in turn help enable the data flywheel effect, driving actionable recommendations on where further efficiencies can be created for the benefit of both profit and planet.”

The first internal trial for Golden Island using ZeroNorth’s eBDN solution began in November 2022. The company is now ready to adopt it into its operations after a year testing the solution, with assistance and approval from the Maritime and Port Authority of Singapore (MPA).

Manifold Times previously reported Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) will be fully adopting the electronic Bunker Delivery Note (e-BDN) for commercial bunkering operations from 1 December 2023 onwards.

Marine Fuels 360 Conference

ZeroNorth also announced it won the Digitalisation Award at the Marine Fuels 360 Awards Gala Dinner on 29 November. 

Commenting on the award, Juhls said: “We are proud and humble to get recognised by this award. The full team in ZeroNorth works hard everyday to bring value to our clients through our software solution. We are looking forward to continuing our collaboration with our customers, partners and the industry in our ambition of making global trade green.”

Related: Singapore: Golden Island switching to 100% e-BDN operations from 1 December
Related: ZeroNorth consolidates existing bunkering business following acquisitions 
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes
Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today 
Related: ZeroNorth acquires Singapore’s bunker supplier software provider BTS
Related: ZeroNorth acquires Prosmar Bunker Dashboard solution and Bunker Pricer module
Related: ZeroNorth acquires US-based bunker market platform ClearLynx
Related: ZeroNorth unveils ZeroNorth Bunker for bunker planning, procurement, and analytics
Related: ZeroNorth opens new office in Singapore to expand in Asia
Related: Singapore: Marine Fuels 360 Awards and Conference 2023 to bring together industry’s best

Photo credit: ZeroNorth / Informa Markets
Published: 30 November, 2023

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Digital platform

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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Technology

StormGeo voyage optimisation solution to be deployed across G2 Ocean fleet

StormGeo’s Voyage Optimisation solution for G2 Ocean combines features such as onboard voyage planning, routing advisory, speed optimisation, and emissions monitoring and reporting.

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StormGeo voyage optimisation solution to be deployed across G2 Ocean fleet

Voyage optimisation and weather intelligence solutions provider StormGeo on Thursday (6 February) announced the expansion of its partnership with G2 Ocean, as its voyage optimisation solution will be deployed across the company’s fleet of 120 vessels. 

The new agreement builds on the success of a long-term collaboration between the two maritime companies, further solidifying G2 Ocean’s confidence in StormGeo’s ability to support their goals of operational efficiency and decarbonisation.

G2 Ocean has selected StormGeo’s Voyage Optimisation solution, which empowers both shoreside and onboard teams to plan and execute optimised, safe voyages. 

By integrating AI-driven insights, advanced technology, weather analytics, and the expertise of StormGeo’s route analysts and operational support professionals, this solution provides comprehensive, data-driven support at every stage of the voyage. 

As a recognised leader in maritime innovation, G2 Ocean is committed to accelerating their digitalisation and decarbonisation efforts in the coming years, with StormGeo as a trusted partner in driving sustainable growth.

Phil Curran, Director Fleet Operations, at G2 Ocean, said: “The foundation for optimising a sea passage is accurate weather prediction coupled with best-in-class routing advice.”

“StormGeo has been the industry leader in providing weather routing service for 25 years and has added to their expertise a suite of innovative tools to ensure we have the most accurate data and decision-making capability.”

“We are confident that their applications are the right combination to enable significant cost and emissions reductions on every voyage.”

Petter Andersen, Senior Vice President, Shipping, at StormGeo, said: “The expansion of our partnership with G2 Ocean is a testament to the strong trust and collaboration we've built over the years.”

“G2 Ocean’s confidence in our Voyage Optimisation solution underscores the value we bring to their fleet in supporting both operational efficiency and sustainability goals.”

StormGeo’s Voyage Optimisation solution for G2 Ocean combines features such as onboard voyage planning, routing advisory, speed optimisation, emissions monitoring and reporting, commercial and technical performance optimisation based on High-Frequency sensor data, and advanced APIs.

Related: Resorts World Cruises selects StormGeo bunker planning and procurement solution
Related: StormGeo markets Bunker Management module at Singapore event
Related: StormGeo and FuelBoss in new partnership to support digitalisation of bunker workflow

 

Photo credit: StormGeo
Published: 7 February, 2025

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Financial Result

ZeroNorth achieves first operating profit in Dec with nearly USD 40 mil revenue in 2024

Firm achieved its first month of positive earnings before EBITDA in December 2024, after four and a half years of operations and reached just under USD 40 million in annual recurring revenue for 2024.

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ZeroNorth achieves first operating profit in Dec with nearly USD 40 mil revenue in 2024

Digital bunkering platform solutions provider ZeroNorth on Thursday (30 February) said it achieved its first month of positive earnings before interest, taxes, depreciation, and amortisation (EBITDA) in December 2024, after four and a half years since its launch. 

The firm said the achievement comes on the back of significant growth, with the company reaching just under USD 40 million in annual recurring revenue (ARR) for the year, a 38% increase from 2023.

“This marks an important milestone for ZeroNorth, particularly at a time when rising interest rates have put increasing pressure on startups and scaleups to prioritise financial sustainability over top-line growth. Despite the challenging economic climate, ZeroNorth has managed to balance growth and profitability, showing its ability to adapt to changing financial conditions,” the company said.

Founded in 2020, ZeroNorth has rapidly become a leader in the maritime industry’s digital transformation, helping more than 230 shipping and energy companies navigate the energy transition with solutions that optimise fuel consumption and reduce emissions. 

ZeroNorth has scaled from a team of six to 600 employees across 10 global locations and completed six strategic acquisitions, including joining forces with Singapore-based Alpha Ori Technologies in February 2024. 

Powered by AI-driven technologies developed in-house, the company has built a unified platform with a significant impact on sustainability and efficiency for customers. In 2024 alone, it optimised 72,000 voyage legs by generating 1.5 million routes, reducing more than one million metric tonnes of CO2 emissions.

ZeroNorth expects to achieve positive EBITDA for the full year 2025, while continuing to execute its growth strategy.

Søren Meyer, CEO of ZeroNorth, said: “Achieving operating profit is an important milestone for ZeroNorth and a reflection of the dedication of our team and the trust of our customers. Reaching this point highlights our ability to build a sustainable business model while scaling rapidly.” 

“More importantly, it reflects the critical role of data and technology as the shipping industry tackles the complexities of the energy transition.”

“With this foundation, we are strongly positioned to accelerate our growth, and continue to enable our customers to make informed decisions, boost efficiency and cut emissions.”

Related: ZeroNorth and Singapore-based Alpha Ori Technologies close deal to merge

 

Photo credit: ZeroNorth
Published: 4 February, 2025

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