A start-up bunkers broker plans to reduce costs for shipowners by offering better market intelligence on fuel prices and pooling buyers to get better deals on bunkers.
OilFront is pitching shipowners that they can up to $3 per metric tonne of bunkers bought through its platform. The start-up, one of several now in the market, plans to take even more of the margin away from the intermediaries that stand between shipowners and physical bunkers suppliers.
