Cloud bunkering system for small operators ?

Do a small operator need a automatic bunker purchase software ??

Recently a new software targeting smaller ship operators is on the market and the features is interesting.

It included price indication / recommendation ( literally most client should receive 10+ email per day from various trader: broker for FREE), send out enquiry ( normally it takes20-30mins from a bunker purchaser from sending enquiry to fixing an order )

What could be more beneficial for bunker purchaser ?

Port shortage alert

Most of data provider focus on platts movement and do prediction base on the “shape” price chart ( which make no difference than guessing flipping coins – if you are interested in this topic, read < Standard deviation > by Gary Smith ) . Yet sometimes even platts drop 20usd on the same day with cargo storage , price can shoot up usd20 instead , therefore it’s more practical to have shortage alert when news appear in the market

2. Price drop alert

Client can be notify on price up or down is cool but will be even more helpful when the movement exceed certain “limit”, say 5% of the market level and client can make a quick decision if they should postpone or fix early on their upcoming enquirer based on the big movement which might means opportunities or risk .

Until next time