ZeroNorth says its new bunker recommendation software, BunkerAction, ‘will unlock fuel cost savings and make bunkering port suggestions’.
Launched today (12 November), the new software, which is being added to the suite of tools in ZeroNorth’s Optimise platform, uses data insights to provide tramp shipping operators with recommendations about where, when and what to bunker for vessels across their fleet.
Launching as a Beta product with more features to be added in the coming weeks and months, the software uses currently available data, such as vessel specifics, position, route, ETA, and tank capacity, as well as ZeroNorth data spanning bunker prices, weather, port details, sailing distances and market rates, to generate its actionable bunker planning insights.
Through its algorithm, BunkerAction calculates necessary parameters to make recommendations to operators about their bunker procurement.
Commenting on the launch of the software, Katrine Hastrup, Product Owner, ZeroNorth, said the new tool – in tandem with other actionable insights created in the Optimise platform – will help operators to unlock ‘meaningful and transparent’ cost savings for their operations.
‘Fuel is the single largest cost for most owners and operators in tramp shipping, so it makes sense that we apply the power of cutting-edge digital technologies to drive a meaningful impact,’ said Hastrup. ‘By taking available data from a vessel or fleet, we can generate immediate recommendations that we believe have the potential to revolutionise the way operators execute bunker planning.’
As previously reported, ZeroNorth, Maersk Tankers’ digital spin-off, was unveiled in January with Soren Meyer, at the time Maersk Tankers’ Chief Asset Officer, taking the helm as CEO.
Rolled out to owners and operators in June, the Optimise platform provides insight into vessel performance and determines the optimal speed of each vessel to optimise bunker spend.
In September, Cargill, having announced it had invested in ZeroNorth, committed its entire operated fleet to using the Optimise software.
In July, Bunkerpsot spoke with ZeroNorth CEO Søren Meyer about how the company's Optimse software can help cut emissions and optimise vessel performance. Click here to read the article.