London, United Kingdom – 13 November 2024 – ENGINE, an intelligence platform for marine fuel research and trading, is proud to announce its selection by Bureau Veritas (BV) as one of the “Top 50 Most Innovative Startups and Scaleups in Maritime” for 2024. This recognition, awarded in collaboration with BV and Thetius, underscores ENGINE’s commitment to enhancing transparency and help shipowners to navigate the transition to lower-emission fuels through data-driven innovation.

ENGINE has gained industry prominence for its comprehensive intelligence platform, particularly for developing biofuel benchmark prices that enable shipowners to compare biofuel costs with conventional fuels as part of a broader energy strategy. In 2024, ENGINE established benchmark price partnerships with ResourceWise’s PRIMA Markets and the London Stock Exchange Group.

Additionally, ENGINE’s pioneering Fuel Switch Snapshot, published weekly, offers clear, comparable pricing of six key fuel types, helping the maritime sector evaluate the economic feasibility of various energy options.

Together, these resources empower shipowners to make informed choices on conventional bunker fuels, biofuels and LNG.

ENGINE’s fuel trading service, launched to simplify the procurement of both conventional and alternative fuels, has also quickly gained traction. By integrating seamlessly with ENGINE’s intelligence platform, the service provides users with a one-stop solution for market insights and fuel transactions. In addition to interactive tools that enable users to monitor, research and trade fuels, ENGINE offers live news reporting of decarbonisation technologies and regulations.

“We’re thrilled to be recognised by Bureau Veritas as a leader in maritime innovation,” said Erik Hoffmann, Managing Editor of ENGINE’s news department. “We know shipowners are trying to strike the right balance between keeping costs in check and lowering emissions, which isn’t easy with all the different regulations out there. Our goal with ENGINE is to simplify these decisions, making it easy for users to see their options across both conventional and alternative fuels.”

ENGINE’s inclusion in Thetius and BV’s top 50 list highlights its role in helping shipping evaluate lower-carbon options while meeting operational needs, aligned with the industry’s goals to reduce its environmental impact and pursue emission reduction targets.

For more information, please email marketing@engine-info.online.