The shipping industry is talking about e-commerce these days, and where there is smoke, there must be fire.
Bunker fuels are just the latest product to go online.
The website was the first of its kind, providing information-based services to the bunker industry. The website, which is run and hosted by Telemarine Ltd., is merely the latest phenomenon in the booming internet industry. He goes on to point out that the same exact values serve the broker, and that the eventual use of e-commerce will be a boon to everybody in the industry by making the whole process of buying and supplying bunker fuels a more efficient one overall. At the moment, it is possible to send enquiries to various suppliers in order to obtain a price quotation via the website, but it is not yet possible to transact the final deal. The final aim was always to create a virtual marketplace for bunker fuels, but Boe states that he was interested in first gaining the trust of the industry and in making sure that he understood the market thoroughly.