Among the company's new products are its BunkerTECH Shipping Solution, developed to help shipping companies manage procurement, risk and fuel costs, and its BunkerTECH Bunkering Solution, developed to support bunker fuel suppliers and traders.
Both solutions will be offered ‘in the cloud’ on a software as a service basis, hosted on a customer’s own network or on premise at the customer’s site, and can be integrated with other standard shipping and bunkering technology management systems.
The BunkerTECH Shipping Solution provides analytical tools and processes for functions such as bunker procurement, claims management, risk management and accounting.
The company says that the data provided can help companies to save on fuel by not having vessels bunkering in ports where fuel prices are high when alternative ports are holding lower prices, or by avoiding under-utilisation of vessel capacity.
The BunkerTECH Bunkering Solution meanwhile has the capabilities to perform ‘what-if?’ analysis with different market scenarios to improve hedge effectiveness, and includes an integrated inventory management module to provide a real-time view of the cost of in-tank and in-transit inventory.
A trading and risk management module uses the real-time inventory information to provide a view of the market, risk exposures and the profit and loss implications of decisions.
“Bunkering costs are easily the largest single big-ticket item in shipping operations. So anything that can improve operational efficiency and reduce the cost of bunkering has major game-changing potential at a time when the shipping industry is under severe price competition,” says Jean-Herve Jenn, CEO of Inatech.
“Our fully integrated end to end solutions are tried and tested and are already producing significant benefits for major customers. Now, with the launch of Inatech’s Marine Solutions Unit, we are able to roll out these solutions across the global shipping and bunkering industries.”