Agile maritime digitalisation company Ascenz has established a new partnership with rise-x.io, a digital industrial marketplace and utility platform, to optimise bunker monitoring and fuel spend.

Under the agreement, Ascenz’s bunker monitoring capabilities and services will be combined with rise-x.io’s QuayChain platform to automate the marine fuel supply chain to help customers in the sector to optimise their fuel spend and increase vessel profitability.

“QuayChain exploits advanced analytics, artificial intelligence, IoT, and blockchain technology to optimises a vessels’ bunker spend and make it easier for ecosystem participants to do business together,” said Rowan Fenn, co-founder  and ceo at QuayChain. “Together with Ascenz, we have the capability to offer customers in the marine industry a comprehensive fuel management solution as a service including hardware, software, data and actionable insight.”

“We are excited to include rise-x.io and QuayChain in our Premium Partnership Program,” said Julien Glory, ceo of Ascenz. “We anticipate the demand for these types of digital solutions to continue to increase as the industry grapples with rising costs and increasing supply chain complexity in the wake of MARPOL 2020.”

“The shipping industry has enormous potential for digitalisation, especially in the integration and optimisation of commercial and operations processes,” said Fenn. “We look forward to working with Ascenz to drive the industry forward faster.”