World News
Hapag-Lloyd Signs Strategic Partnership Deal With ZeroNorth
Container line Hapag-Lloyd has signed a strategic partnership deal with ZeroNorth in a bid to digitalise its bunker purchases.
The two companies will work on a new digital solution digitalising the end-to-end bunker planning and procurement process, ZeroNorth said in an emailed statement on Wednesday.
The new solution will include streamlined contract and port planning, contract tender capabilities and a true price algorithm.
"We have a clear strategic direction to advance decarbonisation across our fleet and across our business," Jan Christensen, senior director for global fuel purchasing at Hapag-Lloyd, said in the statement.
"To do this, we need to find the right partners – and we believe that ZeroNorth is perfectly placed to enable us to digitalise our bunker procurement and planning activity.
"ZeroNorth has strong domain expertise, a proven track record of success in developing and operating industry-leading solutions, and a credible vision for the future of the bunkering industry.
"Together, we believe that we'll be able to meaningfully impact how we plan and buy our bunker fuel – by far the single largest lever that we can pull in service of our decarbonisation ambitions."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 569.50 | 0.00 | 680.00 | 0.00 |
| Rotterdam | 515.00 | 1.00 | 674.00 | 2.00 |
| Houston | 550.00 | 2.50 | 678.00 | 6.50 |
| Fujairah | 560.50 | 0.50 | 753.50 | 2.50 |
| Global 20 Ports Average | 586.00 | 0.00 | 761.00 | 2.00 |
| Global 4 Ports Average | 549.00 | 1.00 | 696.50 | 2.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 800.50 | 2.00 |
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