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Cetasol Raises €2.3 Million to Drive AI Bunker Fuel Optimisation
Swedish AI company Cetasol has raised €2.3 million ($2.68 million) in seed funding to accelerate the rollout of its bunker fuel optimisation platform.
The round was co-led by BackingMinds and Shift4Good, with continued backing from existing investor Sarsia, Cetasol said in a statement on its website on Wednesday.
The firm’s flagship solution, iHelm, leverages real-time and historical vessel data to deliver AI-driven decision support, enabling operators to cut bunker consumption by 10-25%.
It combines vessel operating data with AI modelling to create a digital twin of the ship.
The system then recommends the most efficient power, speed and routing settings, helping crews reduce bunker consumption and costs, while also supporting predictive maintenance.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 492.00 | 4.50 | 692.00 | 4.00 |
| Rotterdam | 454.00 | 0.50 | 688.50 | 5.00 |
| Houston | 485.00 | 1.00 | 692.00 | 4.00 |
| Fujairah | 491.00 | 3.50 | 738.00 | 3.00 |
| Global 20 Ports Average | 520.50 | 2.50 | 772.50 | 4.00 |
| Global 4 Ports Average | 480.50 | 1.50 | 702.50 | 4.00 |
| Global Average Bunker Price | 561.00 | 9.50 | 805.00 | 2.00 |
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