The world’s most comprehensive platform for marine fuel
Markets are multidimensional and only a comprehensive approach to information can give users the edge they need to make the right choices.
Such an edge can only be obtained if users are empowered with access to information that is meaningful for the task at hands. This means information that is structured in such way that conclusions can be drawn easily, on the one hand; on the other, a platform that facilitates that the relevant information is presented in way that decisions can be made quickly.
Track your fleet. See live prices as the market moves. Simulate different bunkering plans. Factor in fuel quality. Understand GTCs and assess risks. Gather the latest news. Stay ahead. That’s intelligence when it comes to bunker procurement.
In today’s digital world, where almost everything can be bought with just a few taps on your phone’s screen, bunkers procurement is still a quite manual and labour-intensive process. Till now…
Enter ENGINE’s Transacting Module. With ENGINE’s transacting module, reaching hundreds of suppliers worldwide is just a few clicks of away. The bidding process runs in real-time, on-screen counteroffers drive prices down and, once a decision is made, ENGINE takes care of the documentation. Once the purchase is concluded, all the negotiation is archived and fully auditable for compliance purposes.
Transacting in a seamless integration with ENGINE’s intelligence suite, affords its users the ability to make quick and smart decisions following market developments, leading towards one single goal: smarter buying.
Only what’s measured can be systematically improved. That’s what ENGINE’s third pillar is all about.
Did you ever wonder how your procurement compares to your peer’s practices? Most of those in the business of bunkering a fleet, will agree that assessing their procurement performance against some price index is prone to inaccuracy, at best; definitively an incomplete picture, more often than not.
ENGINE benchmark services provide users with a comprehensive and tailored assessment of their buying performance, comparing procurement practices with thousands of other similar transactions. Span from pricing, to quality; from stem size, to promptness. This is the only way to spot opportunities and embark in a continuous improvement of your procurement practices.
Markets are multidimensional and only a comprehensive approach to information can give users the edge they need to make the right choices.
Such an edge can only be obtained if users are empowered with access to information that is meaningful for the task at hands. This means information that is structured in such way that conclusions can be drawn easily, on the one hand; on the other, a platform that facilitates that the relevant information is presented in way that decisions can be made quickly.
Track your fleet. See live prices as the market moves. Simulate different bunkering plans. Factor in fuel quality. Understand GTCs and assess risks. Gather the latest news. Stay ahead. That’s intelligence when it comes to bunker procurement.
In today’s digital world, where almost everything can be bought with just a few taps on your phone’s screen, bunkers procurement is still a quite manual and labour-intensive process. Till now…
Enter ENGINE’s Transacting Module. With ENGINE’s transacting module, reaching hundreds of suppliers worldwide is just a few clicks of away. The bidding process runs in real-time, on-screen counteroffers drive prices down and, once a decision is made, ENGINE takes care of the documentation. Once the purchase is concluded, all the negotiation is archived and fully auditable for compliance purposes.
Transacting in a seamless integration with ENGINE’s intelligence suite, affords its users the ability to make quick and smart decisions following market developments, leading towards one single goal: smarter buying.
Only what’s measured can be systematically improved. That’s what ENGINE’s third pillar is all about.
Did you ever wonder how your procurement compares to your peer’s practices? Most of those in the business of bunkering a fleet, will agree that assessing their procurement performance against some price index is prone to inaccuracy, at best; definitively an incomplete picture, more often than not.
ENGINE benchmark services provide users with a comprehensive and tailored assessment of their buying performance, comparing procurement practices with thousands of other similar transactions. Span from pricing, to quality; from stem size, to promptness. This is the only way to spot opportunities and embark in a continuous improvement of your procurement practices.
Simple. It all comes down to information. Our core strength relies in our unique – and growing – pool of curated data. On top of it, an intuitive platform brings decision-making to a whole new level.
Data constitutes the backbone of a system like ENGINE. It is where we started ENGINE’s journey, realizing the enormous breadth of information that the bunker industry was generating, although in a way that very little of it was useful for making better decisions.
An intuitive and user-friendly platform forms the top layer of ENGINE.
Relate prices to availability, look at quality through the lens of GTCs… Bring all this together in the bunker planer and, once optimized, seamlessly execute your orders.
Accurate and realistic benchmarking should be at the centre of any continuous improvement practice.
Enjoy the benefits of being compared with peers’ performance and spot pockets of opportunity to strengthen your procurement.
The sheer number of variables that need to be accounted for, turns the bunkering plan optimization problem almost impossible to sort out in a manual manner. The concept is simple, its implementation nearly impossible.
A toolkit that puts all the relevant information, updated in realtime, at the fingertips of the user and an engine that calculates and optimizes the bunkering plan for a given voyage.
Pricing is inherently one of the opaquest aspects of the bunker market, with transactions worth millions of dollars taking place with limited visibility in pricing which affects shipowners and suppliers alike.
Engine
326.22
Engine
42.85
Engine
42.85
Engine
42.85
ENGINE streamlines a negotiation process that typically involves many different parties simultaneously. In this regard, ENGINE’s role is purely to facilitate the communication process between buyers and suppliers.
According To Engine’s Pricing Data, The HSFO380 Price Spread Between Fujairah And Singapore…
According To Engine’s Pricing Data, The HSFO380 Price Spread Between Fujairah And Singapore…
According To Engine’s Pricing Data, The HSFO380 Price Spread Between Fujairah And Singapore…
