2020 emission regulations spur shipping companies to rethink fuel procurement process Hafnia Group invests in digitisation to optimise bunker procurement and ensure compliance Clean energy rules being imposed on shipping companies in less than 16 months time are spurring companies to revise the way in which they purchase fuel. Described as one of the biggest changes in oil market history, the radical reduction in permitted levels of sulphur from 3.5% currently to 0.5% as of January 1, 2020, means shipping companies are suddenly confronted with new demands on their fuel purchasing processes. In order to minimise running costs while ensuring compliance in the face of tough penalties, shipping companies are re-thinking the management systems they use to control and optimise fleet level bunker procurement. Hafnia Group, a ship owner and operator of tankers for transporting oil products, has mandated Inatech, a unit of Glencore, to implement its Shiptech platform for optimising part of the fuel procurement process. By digitising the bunker management process, the buyers can focus on market analysis and managing suppliers. Shiptech is integrated into voyage systems and financial data functionality to ensure seamless flow of information. This ensures digitising the entire process end to end. “From… continue reading
Continue reading Hafnia Group Plans for Shipping Emissions Challenge in 2020 by Mandating Inatech to Digitise Fuel Procurement. This article appeared first on CTRM Center.
Source: CTRM Center