ZeroNorth and Monjasa partner to power optimise with bunker market data

by 13, May, 2021Innovation, Maritime 4.00 comments

Maritime technology company ZeroNorth and global oil and shipping group Monjasa have today announced a new data partnership that makes Monjasa’s bunker market information available in Optimise, ZeroNorth’s vessel optimisation platform.

Optimise users will now be able to access data from Monjasa spanning bunker prices and availability of the most common fuel grades at key ports around the world.

Monjasa’s data covers the current market price of the most commonly applied marine fuels, including Heavy Fuel Oil (HFO), Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO), in a variety of grades. The partnership will also mean that Optimise will be able to access Monjasa’s view of fuel availability in a range of locations, from key bunkering hubs such as Singapore, Rotterdam, Houston and Fujairah, to smaller or more regional trading ports.

In all, Monjasa operates as a physical supplier or trading partner in nearly 700 ports worldwide, meaning that Optimise users will be able to access a truly global view of the marine fuels market.

This market-leading information will further power up Optimise as a hub for a range of data, all of which helps to build the strength of its actionable insights.

Optimise will interpret Monjasa’s data alongside a range of other information – both from users and from third parties – to make its recommendations on speed, route and when, where and what to bunker. The software provides a clear indication of the upsides of any decision in both dollars and CO2.

Speaking on the announcement, Søren Meyer, CEO, ZeroNorth, said: “It’s fantastic to be able to announce this partnership with Monjasa, which makes some of the industry’s best bunker market information available in our platform.

“The issue of having a clear view of the marine fuels market – and how this can impact your operations in a huge number of ways – is central to the ongoing challenge of vessel efficiency. That’s why this partnership will enable Optimise to make even stronger recommendations on route and speed, enabling tramp shipping operators to increase their revenue and cut emissions.”

Mikkel Kannegaard, Managing Director, Monjasa, said: “Embracing transparency and sharing data is the future of oil and shipping. Therefore, Monjasa is very proud to engage with ZeroNorth and start making our price indications available to the shipping industry through the Optimise platform. With our 10 offices across multiple time zones and around 12,000 supply operations yearly, we hold the knowledge and business intelligence to add value to platform users.”

Monjasa’s bunker market indications are calculated on the basis of trading intelligence data, coupled with factors such as local market conditions, specific delivery premiums and barge availability. In addition, Monjasa’s data provides indications of product availability and even notice periods, making it a true tradeable indication.

In markets where Monjasa uses its own fleet of tankers to supply the fuel products, in-depth knowledge of the entire supply chain is coupled with external pricing data to provide the most comprehensive market intelligence available.

ZeroNorth and Monjasa have worked to seamlessly integrate the bunker market information into Optimise. This means that customers will be able to start using this information to generate actionable insights on speed and bunker planning immediately.