Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for the marine bunker segment. The company will be merged into Alfa Laval’s decision support subsidiary, StormGeo.
The acquisition will enhance the StormGeo offering in route advisory and voyage optimization services for the shipping industry. BunkerMetric uses algoithms to help ship operators and bunker procurement departments to find the best bunker procurement plan and improve voyage margins.
The two companies anticipate that combiningBunkerMetric’s optimisation algorithms and data platforms with StormGeo’s data science will create additional value for existing and future customers.
“The acquisition of BunkerMetric will further strengthen the StormGeo suite of software products and services,” says Soeren Andersen, CEO of StormGeo. “BunkerMetric’s advanced procurement optimization tool is a welcomed addition to our route advisory services, giving shipping customers timely data for choosing the best bunkering options. It will help optimize scheduling, fuel and voyage performance.”
BunkerMetric’s procurement optimisation tool will become a subscription service within StormGeo’s existing s-Suite. It will support well-considered decisions when purchasing bunkers, such as the selection of ports, volumes, and fuel grades for bunkering. Global shipping companies can use it to minimise costs while taking relevant operational, commercial, and environmental factors into account.
“By leveraging BunkerMetric’s deep expertise and proven optimisation tool, StormGeo customers will be able to streamline their operations,” says Andersen. “As well as reducing their bunker procurement costs, they will gain significant fuel savings through optimised real-time decision-making.”
Christian Plum, CEO of BunkerMetric, who helped found the innovative start-up in 2018adds, “Like StormGeo, BunkerMetric is committed to digitalisation and decarbonisation. We look forward to joining forces in a way that shrinks both customer expenses and carbon footprint.”
