ZeroNorth acquires US-based bunker market platform ClearLynx
Move allows ZeroNorth platform to provide bunker optimisation to industry, alongside voyage and vessel optimisation recommendations
Technology company ZeroNorth, founded to accelerate the green transition of global trade, has announced the acquisition of ClearLynx, the industry's leading online platform for the bunker fuel market.
Adding ClearLynx to the ZeroNorth platform will provide ship owners and operators with an integrated and end-to-end solution for the cost and environmentally efficient optimisation of bunker fuel, from initial enquiry through to supply.
ZeroNorth users will be able to take advantage of ClearLynx's best-in-class procurement, pricing and analytics, business intelligence, optimisation and planning, Sulphur Cap compliance and data feed products.
Once ClearLynx is integrated into the ZeroNorth platform, users will be able to make informed decisions through connected voyage, vessel, and bunker optimisation recommendations.
The increased revenue generated by connected voyage, vessel and bunker optimisation recommendations can be injected back into the industry's decarbonisation efforts, supporting the development of the future fuels and clean technologies that the industry needs to meet carbon targets.
ClearLynx will continue to offer its current bunker services via its platform and will also over time be integrated within the ZeroNorth platform, bolstering optimisation benefits to customers of both platforms, the industry and the planet. The ClearLynx team will give ZeroNorth a physical presence in the US and create a foundation for continued growth and sales within the region.
ClearLynx will forge ahead and execute its product enhancement roadmap over the coming months with further features and developments for its customers to use within their operations. The company also plans to scale leveraging ZeroNorth's experience.
Commenting on the announcement, Søren Meyer, CEO, ZeroNorth, said:
"Today's announcement is another big step forward in ZeroNorth's mission to support and enable decarbonisation in the maritime value chain. Adding ClearLynx and their considerable expertise to our offering means that our customers will be able to make the most of a powerful trio of voyage, vessel and bunker optimisations that are linked and working in tandem.
"Our industry needs to act now, and we think this announcement provides players across the sector with an effective and accessible way to take immediate action. Optimising voyages, vessels, and bunkers will not only be important to cut emissions and improve revenue today, but will also enable us to navigate the significant, imminent and urgent complexity of the coming decade."