ZeroNorth partners with Monjasa to bring the latest bunker prices to its customers
We are pleased to introduce our new partner, global oil and shipping group Monjasa.
This new data partnership puts Monjasa’s bunker price and key port availability information into ZeroNorth’s vessel optimisation platform, Optimise. We are so pleased to offer this cutting edge data knowledge which further boosts the optimisation and bunker recommendations to our customers.
Optimise users will now be able to access data from Monjasa spanning bunker prices and availability of the most common fuel grades at key ports around the world. ZeroNorth and Monjasa have worked to seamlessly to integrate the bunker market information into Optimise. This means that customers will be able to start using this information to generate actionable insights on speed and bunker planning immediately.
About the partnership
The partnership will also mean that Optimise will be able to access Monjasa’s view of fuel availability in a range of locations, from key bunkering hubs such as Singapore, Rotterdam, Houston and Fujairah, to smaller or more regional trading ports. In all, Monjasa operates as a physical supplier or trading partner in nearly 700 ports worldwide, meaning that Optimise users will be able to access a truly global view of the marine fuels market.
This market-leading information will further power up Optimise as a hub for a range of data, all of which helps to build the strength of its actionable insights. Optimise will interpret Monjasa’s data alongside a range of other information – both from users and from third parties - to make its recommendations on speed, route and when, where and what to bunker. The software provides a clear indication of the upsides of any decision in both dollars and CO2.
Speaking on the announcement, Søren Meyer, CEO, ZeroNorth, said: “It’s fantastic to be able to announce this partnership with Monjasa, which puts some of the industry’s very best bunker market information right at the heart of our platform.
“The issue of having a clear view of the marine fuels market – and how this can impact your operations in a huge number of ways – is central to the ongoing challenge of vessel efficiency. That’s why this partnership will enable Optimise to make even stronger recommendations on route and speed, enabling tramp shipping operators to increase their revenue and cut emissions.”
Mikkel Kannegaard, Managing Director, Monjasa, said: “Embracing transparency and sharing data is the future of oil and shipping. Therefore, Monjasa is very proud to engage with ZeroNorth and start making our price indications available to the shipping industry through the Optimise platform. With our 10 offices across multiple time zones and around 12,000 supply operations yearly, we hold the knowledge and business intelligence to add value to platform users.”
About Monjasa
Established in Denmark in 2002, Monjasa is a global partner in the oil and shipping industries.
The core business includes trading and supplying marine fuels and shipowning activities on a global level. With a total supply of 4.9m metric tonnes of oil products in 2020, Monjasa ranks as the world’s 6th largest marine fuels supplier.
Monjasa in every port
With 10 global office locations, Monjasa is present in all major time zones and always within reach. Monjasa services shipowners, charterers and operators locally and globally in close to 700 ports worldwide. With a fleet of 20 quality tankers Monjasa has earned prominent market positions in remote and hard-to-reach markets in West Africa, the Middle East and Latin America.
On land and at sea, the Monjasa Group employs 500+ Traders, Operators and other maritime specialists.
Transparency as catalyst for sustainable developments
Monjasa believes that establishing and sharing data across the value chain and stakeholders is fundamental under the theme of transparency.
Besides the benefits of building trustful relationships, an increase in transparency and data-sharing between the bunker industry and its customers could also help drive shipping's decarbonisation agenda.
Looking ahead, Monjasa thus aims for greater industry transparency on a range of different issues, including the sharing of data related to CO2 footprint.