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Reinventing
the way we think
about marine fuels

The world’s most comprehensive
platform for marine fuel is here.

Intelligence
The sophisticated information systems that typically commodities traders would use, now applied to the marine fuels space.

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.

 

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Transact
An electronic procurement platform that affords its users an efficient, streamlined and auditable buying process.

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.

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Benchmark
Compare yourself with hundreds of other buyers and spot pockets of opportunity to enhance your procurement performance.

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.

Read more
Intelligence
The sophisticated information systems that typically commodities traders would use, now applied to the marine fuels space.

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.

 

Read more
Transact
An electronic procurement platform that affords its users an efficient, streamlined and auditable buying process.

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.

Read more
Benchmark
Compare yourself with hundreds of other buyers and spot pockets of opportunity to enhance your procurement performance.

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.

Read more
Quality
+
Real-time quality
lab results from
actual deliveries
Availability
+
Updated delivered fuel
availability in all
the major ports
News
+
Unique flow of
news for the
bunker community
GTCs
+
Know the terms of
your deals and
make better decisions
Derivatives
+
Forward markets to
support hedging
strategies
Ports
+
Real-time port
congestion monitoring for
voyage optimisation*
* Feature currently under development
Pricing
+
Actual fixtures from
all users made
available real time
Indications
+
Real pricing
points even in
ports with less activity
Suppliers
+
Gain access to
hundreds of suppliers
world-wide
Feedback
+
Share with and
benefit from other
users’ experiences*
* Feature currently under development
Planning
+
Optimize the bunkering
plan of
your fleet
Quality
+
Real-time quality
lab results from
actual deliveries
Availability
+
Updated delivered fuel
availability in all
the major ports
Pricing
+
Actual fixtures from
all users made
available real time
News
+
Unique flow of
news for the
bunker community
Indications
+
Real pricing
points even in
ports with less activity
GTCs
+
Know the terms of
your deals and
make better decisions
Derivatives
+
Forward markets to
support hedging
strategies
Suppliers
+
Gain access to
hundreds of suppliers
world-wide
Feedback
+
Share with and
benefit from other
users’ experiences*
* Feature currently
under development
Ports
+
Real-time port
congestion monitoring for
voyage optimisation*
* Feature currently
under development
Planning
+
Optimize the bunkering
plan of
your fleet

How do we Do it

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.

The Data

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.

The Platform

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.

Benchmarking

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.

Prices delayed 2 hours
Updated: 14:30 UTC
VLSFO
HSFO
LSMGO
LSMGO
HSFO
VLSFO

The Planning problem

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.

Our solution

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.

Price assessment

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.

LSMGO
HSFO
VLSFO
Singapore
0.2434%
Houston
0.2434%
Fujairah
0.2434%
Rotterdam
0.2434%

Engine

326.22

Engine

42.85

Engine

42.85

Engine

42.85

Prices delayed 2 hours
Updated: 14:30 UTC

Suppliers

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.

Key users

We are proud to count these big
companies amongst our users

Mobile

Harness all the power of ENGINE,
while on the go on your mobile phone.
Make sure your firm is part of our growing list!

Start Transacting

Request A Demo Today