Today’s bunker buyers continue to face uncertainty around the implementation of IMO 2020 regulations.
Post 2020 fuel prices are expected to rise.S&P Global Platts Analytics estimates that complying with the IMO’s cap will add $60 billion to fuel costs in 2020.
With the launch of new fuels and distillates to meet the new regulations, there are additional concerns regarding quality and compatibility.With limited product information buyers are unsure what products will be available at which ports.
To help address many of the uncertainties created by the new IMO regulations, we have created Smart Trader.
Smart Trader has been specifically developed to help bunker buyers optimize their fleet level fuel procurement. It does this by providing decision support tools, alerts and business intelligence.Smart Trader uses real-time data taken from an operator’s fleet and fuel management systems,and combines thiswith bunker alerts and pricing data from S&P Global Platts.
Smart Trader puts the buyer in control of how fuel is used across a fleet. Using Smart Trader buyers know their fleet’s location, fuel levels and schedules. It gives them the tools to plan better, negotiate earlier and secure better deals.This helps minimize the impact of IMO regulations and handle fuel price volatility and quality.