ZeroNorth Acquires Bunker Supplier Software Provider BTS, Propelling Digitalisation & Decarbonisation Of The Marine Fuel Industry

Technology company ZeroNorth has today announced that it has acquired BTS PTE Ltd., a software platform for marine fuel suppliers headquartered in Singapore.

The deal will see ZeroNorth acquire BTS’s flagship suite of services – iBMS (Intelligent Bunker Management System) – which is the software specially tailored for the marine fuel supply chain. iBMS helps to increase the efficiency and profitability of marine fuel suppliers, traders and brokers by digitalising their business processes through eliminating unproductive tasks, automating work processes, greater sharing of information and enhancing decision-making.

iBMS was one of the first projects supported by the Maritime and Port Authority of Singapore (MPA) under the Maritime Innovation and Technology Fund in the early 2000s. BTS is also the leading company within an industry consortium of seven organisations that has been tasked with developing mobile applications for bunkering documentation and workflows, as awarded by the MPA’s digital bunkering Call for Proposals in January 2022.

Bunkering Supplies
Image for representation purposes only

ZeroNorth will build a fully cloud-based iBMS solution, which will improve the overall offering to current and future clients. The service will eventually be incorporated into ZeroNorth’s unified platform for optimisations across maritime operations. The ZeroNorth platform functions as a collaboration point, where a seamless flow of data breaks down existing silos between stakeholders and enables total visibility and alignment around shared goals.

BTS brings more than 15 years of market expertise and marine fuel trading and supply processes to ZeroNorth, as well as a well-established presence in Singapore, the largest global marine bunkering hub. The ambition is to also expand these improved marine fuel services for suppliers to other global ports.

The acquisition supports ZeroNorth’s growth strategy and focus specifically within the marine fuel industry and follows the acquisition of Prosmar Bunkering just 3 months ago. ZeroNorth is dedicated to accelerating the digitalisation and decarbonisation of the marine fuel industry by providing more accurate fuel prices and contextual insights that enable more sustainable strategies for bunker procurement, storage, blending and selling.

Commenting on the announcement, Kenneth Juhls, Managing Director of ZeroNorth Bunker, said: “The marine fuel industry is taking centre stage in shipping’s green transition. With the increasing pressure to digitalise and optimise your marine fuel supply chain and the influx of alternative fuel options becoming available, equipping our customers with the ability to make better decisions in regard to procuring, storing and selling fuel is becoming a key priority for ZeroNorth.

“By acquiring BTS, we are taking the next step towards delivering an end-to-end marine fuel service that aligns all stakeholders across the same data through the ZeroNorth platform. Moreover, by building a bridge between stakeholders, we are increasing collaboration across the maritime value chain and accelerating our goal to drive decarbonisation alongside the wider industry.”

Dharma Sreenivas Reddy, Founder and Managing Director of BTS, added: “BTS is proud of the value we deliver to the marine fuel supply chain through our end-to-end solutions. This partnership with ZeroNorth will enable us to modernise our solutions to deliver greater user experience for our customers and ultimately accelerate the digital transformation of the marine fuel industry.”

Press Release

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *