World News
Mercuria Invests in Digital Bunkering Transparency Firm Rise-X
Tuesday August 9, 2022
Global commodity trading firm Mercuria has invested in Australian start-up Rise-X, which uses digital technologies to increase transparency in bunkering and other commodity markets.
The firm has invested $1.5 million into Rise-X, news provider The West Australian reported on Monday. Rise-X has received $2.7 million in total of private investment.
Mercuria subsidiary Minerva Bunkering worked with Rise-X last year to launch ADP Clear Pte, the company marketing its digital bunkering platform.
Mercuria was one of Rise-X's founding customers, according to the report.
In 2020 RIse-X partnered with National University Singapore and classification society DNV on a data science project seeking to predict illegal bunkering activity.
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 |
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