Inatech’s Optimizer deliver real-world fuel cost savings
UK-based global cloud-enabled software and IT services company Inatech is launching its Optimizer system that, it says, adds smart decision making for fuel purchasing to its ShipTECH cloud-based fuel procurement software..
Inatech says Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time guidance on the three key factors of quantity, location and price strategy- how much fuel to buy for each ship in their fleet, the best port to bunker at and the right price strategy (spot versus contract)
The company says the system has been shown to deliver real-world fuel cost savings of up to 5%. It adds: “With an average shipping company spending around $400 million a year on bunkering that saving could add some $8 million to their bottom line.”
A shipping company utilising Inatech’s ShipTECH fuel procurement solution, can already achieve savings through streamlined procurement. This is made possible firstly through a systematic workflow that avoids last minute purchases, secondly supports negotiations through an in-built in “best buy” process and finally ensures accuracy of both quality and quantity of fuel through integrated operations and claims handling.
“Ship operators are coming under ever increasing pressure to minimize their fuel costs, hence the trend towards measures such as slow-steaming. With Optimizer, Inatech now offers a smart solution to achieve very significant fuel cost savings that could make the crucial difference between running at a loss and profitability”, says Inatech. CEO Jean-Herve Jenn.
Source: World Bunkering
