SAL Heavy Lift adopts Inatech technology to navigate IMO 2020
Published by Jessica Casey,
Editor
Dry Bulk,
German fleet operator SAL Heavy Lift has hired Inatech, a unit of Glencore, to ensure compliance with new low-sulfur emissions rules and optimise bunker strategies.
Inatech, a provider of energy trading risk management systems, has seen increased onboarding of its ‘Smart Trader’ app, which enables companies to map entire fleets of ships and visualise and plan for best port to bunker given sea and port conditions to achieve the lowest prices for the desired quality of fuel. Sal Heavy Lift will apply the technology across its parent group Harren & Partner’s fleet of ships.
Anticipating a spike in fuel price volatility and supply dislocation from the IMO’s new rules, Inatech designed its app to enable companies to track their vessels on an integrated system that displays fuel levels on board, news alerts and live pricing date from S&P Global Platts. The tool syncs with Inatech’s Shiptech platform, which enables emission control area compliance and can calculate a fuel’s energy content, or calorific value, an increasingly vital metric for purchasing decisions since the arrival of new low-sulfur fuels.
Danny Stutzbecher, Head of Bunkers at Sal Heavy Lift in Hamburg, Germany, said: “Smart Trader and Shiptech are now an important part of the company’s infrastructure, ensuring that it is fully compliant and has complete visibility on all aspects of it fleets and bunker buying […] This has been an important part in the company’s preparation for 2020.”
The app’s data covers refined wholesale and retail marine fuels at more than 350 ports worldwide, along with regional indices, spreads, and moving averages. Potential suppliers are checked for quality and credit references to control counterparty risk.
Inatech’s Senior Vice President, Alok Sharma, said: “The company is going through a significant overhaul of regulations in a generation and most shipping companies are using the transition phase to rethink how they manage risks and costs […] Proactive energy management is key to ensuring competitiveness – bunker procurement in now at the heart of shipping companies’ strategy.”
Read the article online at: https://www.drybulkmagazine.com/shipping/24022020/sal-heavy-lift-adopts-inatech-technology-to-navigate-imo-2020/
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