World News
Digital Bunkering Platform Attracts Private Funds, Gains new Structure
A digital bunkering platform developed by classification society DNV has attracted private investment and has a new structure, the society has said.
DNV's platform started out as FuelBoss and a new name for the venture, Ofiniti, was announced at this year's Sibcon.
The platform has been spun out of DNV and its new corporate structure will allow it "to operate with more agility", the society said in a statement.
Funds have come from a Nordic family fund and Singapore-based venture capitalist ShipsFocus.
The firm's trajectory is set to align with the increased demand for digital bunkering which is set to "accelerate rapidly," according to Ofiniti founder Martin Wold.
Three DNV employees are to join Ofiniti as full-time staff in addition to new hires in commercial and product development, the statement said.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 553.50 | 0.00 | 673.00 | 0.00 |
| Rotterdam | 514.50 | 0.00 | 651.00 | 0.00 |
| Houston | 545.00 | 0.00 | 671.00 | 0.00 |
| Fujairah | 543.00 | 0.00 | 747.00 | 0.00 |
| Global 20 Ports Average | 574.00 | 0.00 | 748.00 | 0.00 |
| Global 4 Ports Average | 539.00 | 0.00 | 685.50 | 0.00 |
| Global Average Bunker Price | 627.00 | 0.50 | 799.50 | 1.00 |
Popular Now More
-
Dec 24The 9,500 DWT heavy lift vessel Ursa Major sustained an engine room explosion in the Strait of Gibraltar at about 12:30 PM local time on Monday. -
Dec 23Since its launch in late June, the company's first 100 deliveries have primarily focused on LSMGO supply by barge to container ships and tankers in New York Harbor, CEO John Barbarise tells Ship & Bunker. -
Dec 23The company carried out worldwide marine fuel trading from offices in Singapore.