World News
Peninsula Takes on Veson Nautical Software to Manage Bunker Shipments
Global marine fuel supplier and trading firm Peninsula has taken on optimisation software from Veson Nautical to manage its bunker shipments.
The company has chosen commercial maritime software and services provider Veson Nautical to optimise its business operations, Peninsula said in an emailed statement on Tuesday.
The Veson IMOS Platform will allow Peninsula to manage business-critical vessel and voyage related data to help improve efficiency and make informed decisions, the company said.
"To build a stronger presence in the shipping market, it is imperative that we invest in the gold standard of shipping software, as we are now at a critical mass that necessitates it," Matthew Dormer, head of chartering at Peninsula, said in the statement.
"Technology is one of our three core pillars, however, we are aware that we need to invest in digital solutions that enhance our offering and has a strategic purpose within our business.
"The Veson IMOS Platform ticks all the boxes for us and will allow us to collect data on location, ETA, bunker status, fuel consumption, and more.
"The data collected will help strengthen stakeholder relations as well as optimise our operations."
Peninsula will be increasing its cargo movements and trades with international oil firms as a means of increasing its presence in shipping markets and developing a Peninsula Shipping Department, according to the statement.
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.