Inatech to help Shipoil digitalise operations

Jul 26 2019


Greek-based global bunker fuel and marine lubricants trader Shipoil has appointed Inatech, a unit of Glencore, to digitalise its trading and supply operations.

This is part of the company’s strategy to prevent new low sulfur emissions rules from 2020 eating into profits.

Shipoil offers worldwide bunker supply and the company, based in Piraeus, has been expanding its operations, most recently in the Mediterranean and Middle East.

Inatech’s energy trading and risk management (ETRM) system for the bunker industry uses cloud-based computing to reduce operational and counterparty risk, while driving efficiency in volatile markets and maximising profitability.

“At this critical juncture in terms of both our own expansion and the onset of new fuel regulations, it is critical that we employ systems that optimise and streamline our bunker decision-making process,” said George Tsoris, Shipoil’s Managing Director. “Inatech was able to implement its product to meet our exact requirements, leaving me re-assured that we have the best foundation possible to drive our business forward.”

Inatech Senior Vice President, Alok Sharma, said: “As the sulfur cap deadline approaches, traders, suppliers and shipowners must review how they specify, source and finance their supply. Inatech gives Shipoil a helping hand in managing that transition for its clients. ”

 



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