Maersk Tankers has launched a new standalone digital business, to be led by Soren Meyer, to develop and sell the software product SimBunker which reduces CO2 emissions and optimises vessel earnings.
SimBunker optimises a vessel’s bunker spend by determining optimal solutions for factors such as speed, bunker purchase and route. The software was developed within Maersk Tankers and is now an integral part of the new digital business, which its yet to be named.
Posted on - 2020-01-08Risk-taking still looks muted, but global investors have resumed buying stocks. Interest in safe haven assets like gold and the Japanese yen has leveled off. Brent crude, the global benchmark for oil prices, is back near $68 per barrel after spiking close to $71 on Monday.
Investors are shaking off the volatile political environment in part by pointing to how markets responded to the last big spike in tensions in the Middle East.
Pacific leaders have extended offers of support to Australia, as devastating bushfires continue to ravage parts of the country.
Fiji's prime minister Frank Bainimarama has written an open letter of condolence to his Australian counterpart over the bushfire crisis.
Mr Bainimarama said he had the support of every Fijian in expressing sympathy for the loss of life and devastation caused by the bushfires.
Posted on - 2020-01-07