Digital bunker platform AuctionConnect has signed a five-year partnership with X-Press Feeders to expand the use of its auction-based bunker procurement system across the feeder operator’s global fleet.
X-Press Feeders, the world’s largest independent feeder carrier, will roll out AuctionConnect’s system in all major regions, including Asia, the Middle East, Africa, the Caribbean, Latin America, the Mediterranean and Europe.
The platform enables real-time bunker auctions among approved suppliers to improve pricing, transparency and compliance.
“We are proud to partner with X-Press Feeders, and this partnership confirms that the industry is ready to take the next important step forward in digitalising the actual trading of physical bunkers,” said Kenneth Juhls, CEO of AuctionConnect.
Capt. Vijay, Global Head of Operations at X-Press Feeders, said the system is already showing results. “We see real value in applying the auction platform for our global procurement activities; specifically, we are seeing improved pricing, built-in compliance and audit trail, and reduced time spent on administration.”
