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New Product Bulugo digital platform to simplify marine fuels and lubricants procur…

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작성자 최고관리자 댓글 0건 조회 68회 작성일 20-04-14 16:50

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A new online platform has been developed to help ship operators source marine fuels and lubricants in ports across the world.
Digital disruption is coming to the marine fuels and lubricants market with the launch of a new sourcing platform set to simplify business for both buyers and sellers. Bulugo’s easy-to-use, purpose-built platform – available at bulugo.com – provides fast and transparent pricing globally.
Bulugo enables ship operators to reduce the time and cost involved in sourcing fuel and lubricants by searching an online database of potential suppliers across several criteria – including fuel type, port, date of availability and compliance with IMO sulphur regulations. Fuel suppliers will benefit by tapping into a wider pool of customers, including those that would previously only have been accessible through expensive analogue legwork.
Bunker and lubricant trading is one of the few elements of shipping that remains relatively untouched by digitalisation. Opaque pricing, disparate parties and a high level of complexity mean that digital platforms – as with consumer comparison websites – can play an important role in making the market more transparent and less complicated.
The global sulphur cap is a perfect example of increasing cost and complexity. IMO 2020 compliance is upon us, with compliant VLSFO currently trading at a $300/t premium to HSFO at some ports.
On the lubricant side, there are more products than ever on the market, making matching the appropriate lubricant and fuel a more daunting task. Bulugo simplifies both elements. Buyers can filter products to find compliant fuel and purchase the appropriate lubricants at the same time.
According to Bulugo operations director Adrian Phillimore, the marine bunker industry will need to embrace digitalisation to overcome the challenges posed by IMO 2020 and shipping’s decarbonisation.

-TEL: 4(0)-333-3446-303
-http://www.bulugo.com
 

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