How does Arte Bunkering manage risks?
Arte Bunkering consolidates growth around Inatech’s Bunkertech ETRM solution
Estonian bunker trader Arte Bunkering has enlisted Bunkertech, the energy trading risk management (ETRM) system owned by Inatech, to streamline operations as it expands its global presence.
Arte Bunkering is using Bunkertech to integrate its growing network after adding Greece and Singapore last year to its existing centres in Estonia, Germany and the US.
An extension to Inatech’s Techoil software for managing complex physical oil trading, Bunkertech focuses particularly on the sourcing, sale and delivery of a wide range of bunker fuels for ships. It gives bunker suppliers flexibility speed and certainty in reacting to the evolving landscape of regulations and new fuels.
Along with full ETRM support, Bunkertech includes enterprise resource planning (ERP) that is seamlessly integrated into a complete management and financial accounting system. This gives the entire company access to the in-built support necessary for fast and accurate decision-making, even extending to real-time information on credit lines and trading P&Ls which are key to success in bunker trading.
With front-office functions simplified, and back office truly integrated, it also covers all regulatory reporting and complex taxation requirements that are specific to each location.
“We operate in a complex and competitive business environment so we need reliable and adaptable trading tools that function across our network and have the potential to grow with us,” said Seva Tkachenko, Commercial Manager at Arte Bunkering. “Bunkertech gives us a complete system that is now being used across our offices—and it is scalable as we continue to expand.”
The cloud-based structure combined with Inatech’s 24/7 support services enabled remote implementation even during the Covid-19 pandemic lockdowns.
“Managing trading risks is challenging at any time but has been especially so during the pandemic,” said Alok Sharma, Senior Vice President of Inatech, a unit of Glencore. “Business resilience is crucial in this environment, so the market, operational and credit risk management capability that is integrated into Bunkertech offers valuable reassurance.”
About Inatech: Inatech is a leading global provider of intelligent cloud-based energy trading risk management (ETRM) and fuel management software to the physical oil trading and marine industries. Part of Glencore’s oil division, Inatech’s Techoil and Bunkertech software combines best-of-breed cloud technologies with in-depth industry expertise to enable companies to integrate, automate and optimize business processes, driving efficiency and revenue growth. Inatech’s customers benefit from an international delivery model that provides the competitive edge needed to thrive in today’s dynamic markets. www.inatech.com
About Arte Bunkering: Founded in 2010, Arte Bunkering is a dynamic and growing company, supplying bunker fuels, lubricants, and related products and services to vessels worldwide. With office locations in Athens, Tallinn, Hamburg, Norwalk, CT(USA), and Singapore, Arte Bunkering has grown over the years to be a trusted name in the bunker and lubricant procurement field, which has been achieved through the provision of exceptional levels of customer service. We are servicing industry leading shipping companies in more than 650 ports worldwide. Arte Bunkering has a strong philosophy of transparency, honesty, accuracy and the utmost respect for our customers and partners. We constantly strive to further enhance our reputation, be recognized for these distinctive values and to build long-lasting relationships aiming for our customers to become our partners. We are fully certain that it is the people involved in the business that make the difference, and this is why our team always goes the extra mile. http://artebunkering.com
