World News
GeoServe to Work on ExxonMobil Fleet Optimisation
Maritime solutions provider GeoServe is set to work with US energy firm ExxonMobill on vessel performance and sustainability projects across its global fleet.
Exxon will use GeoServe's SaaS-based platform GeoPerform to improve the fuel efficiency and reduce the emissions of its fleet, GeoServe said in a statement on its website.
The two companies have worked together in a six-month strategic partnership to tailor the GeoPerform platform to Exxon's needs.
"We are incredibly honored to be chosen by ExxonMobil for this venture," Sanjay Kapoor, CEO of GeoServe, said in the statement.
"GeoServe is committed to driving meaningful change in the way the industry manages vessel operations.
"Together with ExxonMobil, we look forward to implementing strategies that optimize vessel performance, reduce emissions, and contribute to a greener and more sustainable future."
Shipping companies are increasingly taking on digital services that can improve vessel performance, cutting fuel bills and emissions. These services that increase fuel efficiency will become more profitable over time as the shipping industry moves into using more expensive alternative fuels and is increasingly charged for its GHG emissions.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 571.00 | 1.50 | 685.50 | 5.50 |
| Rotterdam | 516.50 | 1.50 | 677.50 | 3.50 |
| Houston | 556.00 | 6.00 | 679.00 | 1.00 |
| Fujairah | 565.00 | 4.50 | 755.00 | 1.50 |
| Global 20 Ports Average | 589.00 | 3.00 | 764.50 | 3.50 |
| Global 4 Ports Average | 552.00 | 3.00 | 699.00 | 2.50 |
| Global Average Bunker Price | 635.50 | 1.00 | 811.50 | 11.00 |
Popular Now More
-
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 20The ISO 6853:2024 specifications, the first of their kind, cover the general requirements and properties for methanol specifically being used as marine fuel. -
Nov 21CTI-Maritec reports on undeclared quantities of cashew nut shell liquid found in VLSFO samples from Rotterdam and Singapore.