BunkerEx

BunkerEx

Technology Area(s) : FinTech

Oil prices move every millisecond, yet bunker prices are largely static throughout the day despite these being over 95% correlated with each other. This means shipowners cannot benefit from sudden intraday dips in the market. In addition, there is often a large gap between when ships are fixed and bunkers are stemmed. As soon as ships are fixed, their revenue is locked for that voyage, often with an assumed bunker price. If the oil price rises before the bunkers are bought, the whole voyage P&L can be eradicated. To solve this, BunkerEx has created a physical bunker price screen showing firm offers in real-time up to 6 months ahead. These move in milliseconds with every tick in the oil market giving shipowners a real-time transparent way to book bunker prices in advance.

Shortlisted finalists are enrolled in a two-phase, 12-week programme.


Phase 1: Fit Check - Market Discovery and Validation

Kickstart your journey by diving deep into the heart of your market! In this phase, we'll help you answer the pivotal question: Is there a product-market fit for your solution? Validate your tech, test your assumptions, and find the perfect match for your innovation. A review will be conducted at the end of Phase 1. Only selected participants will advance to Phase 2.


Phase 2: Gap Busters - Navigating New Markets

Now, it's time to bridge the commercial gap. In this phase, you’ll partner with industry veterans who bring sharp business insights to the table. Together, you’ll navigate and conquer markets that may be uncharted territory for your startup.


Although the programme is designed for remote and overseas participants, in-person participation is required for the following events conducted in Singapore: