The bunker operators are Sinanju Tankers Holdings, Sentek Marine & Trading and Global Energy Trading. Together with two other firms New Maritime and United Maritime, who have separately signed letters of intent previously with Claritecs, the group in total manages about one-third of the current Singapore bunker tanker fleet.
BunkerMaestro, an algorithm-based Software as a Service (SaaS) platform, is a top three winner at the PIER71 Smart Port Challenge 2018.
The web-based platform taps on Singapore Maritime Data Hub (SG-MDH) data to assist bunker operators reduce data entry and manual scheduling, increase their fleet utilisation while providing clarity in bunker scheduling to ship agents, shipowners, terminals all involved in the bunker supply chain.
It is anticipated that when using BunkerMaestro, these bunker operators will achieve increased work efficiencies of at least 30%, an increase in bunker tanker utilisation rate of at least 15% and a 50% reduction in time spent on communication.
“BunkerMaestro has gained much traction and the momentum has now propelled us to ready it for commercial rollout. We firmly believe that BunkerMaestro will add value to Singapore’s $25bn bunker industry,” said Wong Hong Lee, ceo of Claritecs.
“This solution increases work efficiency as it reduces the need for manual, repetitive and time-consuming scheduling. It also reduces the idling buffer time of bunker tankers, allowing its operators to accept more fuel delivery jobs.
“We expect a rise in the number of fuel types and blends consumed by the shipping industry from 2020 due to the IMO’s global sulphur cap regulation. This will only increase the complexity of scheduling a bunker fleet and BunkerMaestro is well positioned to help bunker operators overcome this and at increased efficiency,” Wong said.
Claritecs has also signed a MOU with MarineTraffic at the Innovation Arena of the biennial Sea Asia show. The MOU will establish collaboration and the framework of cooperation between the two parties as a follow-on from the PIER71 Smart Port Challenge accelerator programme.
“We will also promote the benefits of BunkerMaestro to shipping agents, shipowners, bunker traders and oil terminals. By gathering all stakeholders on one platform, everyone would be able to achieve higher work efficiencies, better operational oversight and streamlined communications throughout the entire bunker supply chain,” Wong said.