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
Everything
about
Marine Fuel
The world’s most comprehensive
platform or marine fuel is here.
Intelligence
Markets are multidimensional and only a comprehensive approach to
information can give users the edge they need. Bunker markets are no
exception to this.
Reliable information for a clever decision-making has always been important. In today’s volatile markets, it’s become critical.
Hence ENGINE’s first and foremost objective: providing users with unbiased and accurate information they can use to make better decisions. How do we do it? Simple: we capture, structure and present information in an intuitive manner. Information that, otherwise, is typically fractioned, usually hid, unstructured, error-prone and difficult to cross-reference.
Markets are multidimensional and only a comprehensive approach to information can give users the edge they need. Bunker markets are no exception to this.
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Transact
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…
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 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
With direct access to thousands of transactions conveyed
through our platform, ENGINE analytics doesn’t need to rely on
distant indexes to assess your performance.
Fuel markets are opaque in every sense of the word. A multidimensional market that is typically looked, if at all, just on one of its many angles – pricing – leaving participants in the dark on the many other relevant variables – e.g. quality, energy content, market access, operational performance –.
Did you ever wonder how your buying compares to your peers’ procurement practices? That’s what ENGINE’s Analytics Suite provides you with. A comprehensive analysis of your buying, month-on-month in a tailored report that addresses your strengths and weaknesses, offering guidance on pockets of opportunity.
With direct access to thousands of transactions conveyed through our platform, ENGINE analytics doesn’t need to rely on distant indexes to assess your performance. We can tell you exactly how well you are doing, benchmarking your buying to other real shipowners in the same marketplace.
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Quality
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Availability
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
News
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
GTCs
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Suppliers
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Post congresion
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Pricing
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Indications
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Suppliers
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Feedback
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Planning
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Quality
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Availability
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Pricing
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
News
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Indications
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
GTCs
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Suppliers
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Suppliers
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Feedback
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Post congestion
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
Planning
+
Quite a few
elements make
ENGINE the tool
elements make
ENGINE the tool
How do we Do it
Quite a few elements make ENGINE the tool of choice for bunker procurement professionals, and none is more relevant than the others. Here is a snapshot of the main elements involved..
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The Data
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The Platform
Great execution only stands a chance, if it comes from a thoroughly conceived plan. The more one delves in what thorough planning means – and Charterers, Operators and Bunker Buyers alike know this very well –, the more one realises that the number of variables involved is overwhelming.
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Benchmarking
Great execution only stands a chance, if it comes from a thoroughly conceived plan. The more one delves in what thorough planning means – and Charterers, Operators and Bunker Buyers alike know this very well –, the more one realises that the number of variables involved is overwhelming.
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Planning
Great execution only stands a chance, if it comes from a thoroughly conceived plan. The more one delves in what thorough planning means – and Charterers, Operators and Bunker Buyers alike know this very well –, the more one realises that the number of variables involved is overwhelming.
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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.
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Pricing Analysis 3
Singapore
VLSFO
Period
3 months
Quality
50-150mt
Lead Time
>7 days
Engine
326.22
Brent
42.85
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.
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Key Users
We are proud to count these big
companies amongst our users
companies amongst our users
Engine Mobile
Harness all the power of ENGINE,
while on the go on your mobile phone.
while on the go on your mobile phone.
@Engine_online
“Jul 15, 2020
According To Engine’s Pricing Data, The
HSFO380 Price Spread Between Fujairah And
Singapore…
Read full tweet
“Jul 15, 2020
According To Engine’s Pricing Data, The
HSFO380 Price Spread Between Fujairah And
Singapore…
Read full tweet
“Jul 15, 2020
According To Engine’s Pricing Data, The
HSFO380 Price Spread Between Fujairah And
Singapore…
Read full tweet
Make sure your firm is part of our growing list!
Start Transacting
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