BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Tech-driven bunker broking firm launched

11 Sep 2017 08:00 GMT

UK service headed by former BP employee Danny Soos and industry veteran Neil Lamerton.



Technology-driven bunker broking business OilFront announced its launch on Monday.

The company combines software with industry experience. It is headed by Danny Soos (previously with BP) and 35-year industry veteran Neil Lamerton (formerly with Gulf Petrochem and KPI Bridge Oil).

The business is focused on empowering small and medium-sized companies who have been shut out of the best deals in the bunker market because they cannot afford a dedicated bunker buying team.

Commissions per deal are said to be typically $1 per metric tonne, whilst there are no upfront costs. The company believes its solution will be able to save the average target company at least $3 per metric tonne.

OilFront explains that there are three ways it is saving money for its clients:

1) Improved planning

The new service is designed to make it easy to work out the most economic bunkering port, which may not be the load or discharge port.

2) Transparent negotiation

OilFront provides companies with access to experienced buyers who work the enquiry in the market. Where possible, they will work directly with suppliers, and can also help open credit lines.

All quotes are shown in real time as they are negotiated. As well as reducing costs, OilFront says its buyers can reduce the incidence of claims when compared to operators who buy bunkers infrequently.

3) Aggregate demand

The service is designed to enable OilFront to aggregate orders and to give more buying power to the shipping companies it works with.

CEO Danny Soos remarked: "OilFront enables small- and medium-sized companies to gain access to the best deals. There are no upfront fees for our technology and our commission is pre-agreed with clients."

Contact details for OilFront have been provided below.

Neil Lamerton, Head of Bunkering
Email: neil[at]oilfront.com
Mobile: +44 7872 608086

Danny Soos, CEO
Email: danny[at]oilfront.com
Mobile: +44 7931 582879
Skype: dannysoos

Phone: +44 20 7193 7500
Website: www.oilfront.com
Email bunkers[at]oilfront.com

Image: Danny Soos, CEO at OilFront.






Related Links:

Neil Lamerton launches bunker broking business
Gulf Petrochem opens London office, hires global head of bunkering

Latest News:

Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'
Oil and fuel oil hedging market update
Oil slightly up, but markets in wait-and-see mode ahead of OPEC meeting
Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events