rise-x.io partners with Ascenz to optimise marine fuel spend

rise-x.io partners with Ascenz to optimise marine fuel spend

rise-x.io has announced a new partnership with Ascenz, a provider of premium, end-to-end solutions for the maritime industry and part of the global GTT group.

This partnership combines the Bunker Monitoring capabilities and services of Ascenz 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. 

Rowan Fenn, Co-founder and CEO at QuayChain, said:

“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. 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.”  

Julien Glory, CEO of Ascenz, said:

“We are excited to include rise-x.io and QuayChain in our Premium Partnership Program. 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.”

Fenn adds:

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