Tue Raguse is CEO of Ofiniti. Image Credit: Ofiniti

• Ofiniti targets growth among fuel buyers after building its position on the supplier side
• Former DFDS chief executive Torben Carlsen appointed chair
• Holds around 40% of digital bunkering in Singapore, the world's largest bunker port
• Firm serves more than 200 customers globally

Digital bunkering firm Ofiniti says it is pushing for growth on the buyer side of the marine fuel market following the appoint of Torben Carlsen, former chief executive of ferry and logistics group DFDS, as its chair.

The company has historically built its position on the supplier side of the industry.

Carlsen brings a perspective from the shipowner and customer side that the firm says strengthens its strategic leadership as it enters what it calls its next phase of international growth.

"What I find particularly interesting about Ofiniti is that the company is addressing a very tangible challenge in shipping: how do we better connect the many players involved in a bunker operation?" said Carlsen in an emailed press release on Friday.

The firm expects operational complexity to increase as methanol, biofuels, and eventually ammonia take a larger share of the fuel mix, building on a position it says is already strong in LNG.

Planning, safety, quality, and documentation requirements are typically more demanding for such alternative fuels than for conventional fuels.

“We have built our position very close to the operational side of bunkering. But our ambition is bigger than optimising one part of the value chain. We want to connect supply, demand and the infrastructure that enables the industry, and that requires us to understand the entire ecosystem – particularly the buyers of marine fuel,” said Tue Raguse, CEO of Ofiniti.

“With Torben, we gain a highly experienced international industry leader who has sat on the customer side and understands what matters to a major shipowner. He will be an important strategic sparring partner for me and the wider leadership team, while also being actively involved in the next phase of Ofiniti’s development and helping us accelerate both organic and inorganic growth.”

Carlsen led DFDS from 2019 to 2026, and now chairs investment funds at Copenhagen Infrastructure Partners and GRO Capital, as well as sitting on the board of Royal Unibrew.

Ofiniti says it holds around 40% of the digital bunkering market in Singapore, where digital bunkering has been fully adopted and bunker sales reached a record 56.2 million mt in 2025.

It began as FuelBoss within Norwegian class society DNV and was spun out as an independent company in September 2024, with DNV remaining a shareholder.

Its other investors include Norwegian state-owned climate investment company Nysno, UK-based Verb Ventures, and Singapore-based ShipsFocus Ventures.

The firm has since bought Angsana Technology in Singapore and Teqplay in the Netherlands, and now runs offices in Copenhagen, Dubai, Oslo, Rotterdam, and Singapore.