Ofiniti, formally known as FuelBoss, a leading platform for managing marine fuel bunkering operations, has attracted investment from private and venture capital investors as part of its successful spin out from DNV. With port authorities stepping up their requirements for “digital bunkering”, the new corporate structure will allow it to operate with more agility, reports DNV.
Significant milestone
It marks a significant milestone for DNV Ventures, which has a mandate to invest in and nurture digital-first companies that are fast growing and disruptive in their sector. DNV remains the largest shareholder of Ofiniti, with new investment led by a Nordic family fund and Singapore-based maritime venture capital firm ShipsFocus.
LNG
With over 3,000 Liquefied Natural Gas (LNG) deliveries completed since 2021, Ofiniti is a market leader in digitising LNG bunker deliveries and have recently expanded to support digital delivery of all marine fuels on its platform. By digitizing bunker operations and providing electronic Bunker Delivery Notes (eBDNs) Ofiniti’s customers are able to increase the utilisation of their bunker vessels, provide live delivery insights to customers and significantly reduce the time to invoice. This transformation results in safer, more efficient operations, cutting back-office work and reducing cost of credit.
Digitalization is becoming increasingly important to the bunkering process as demonstrated by the Maritime Port Authority of Singapore’s plan to make “Digital Bunkering” mandatory from next year. Ofiniti is well placed to meet these needs.
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Source: DNV
