BunkerEx claims pricing breakthrough

BunkerEx claims pricing breakthrough

BunkerEx, the new online marketplace for bunker purchases, claims it is now capable of offering the lowest bunker prices for 90% of all enquiries.

BunkerEx, founded last year, has vetted and added over 50 new suppliers in the past month, doubling its global port coverage in the process.

“We now have over 200 bunker suppliers and traders registered across 700 ports, all reachable on our site at the click of a button” Ishaan Hemnani, founder of BunkerEx said. “It allows bunker buyers to scan and see firm offers from a huge portion of the market faster than any other traditional method. As a result of such a large supplier network, the data shows we achieve a better price for our clients on nine out of 10 enquiries.”

More than 50 shipowners and operators have signed up for the online buying tool.

“Many shipping companies are clearly starting to feel the benefits of going digital, not just in price but also by getting access to insightful data. As a result our retention rates are extremely high meaning if they fix a deal with us once, it’s rare they don’t come back,” Hemnani told Splash.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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