Bunker

Procurement
Made Easy
Overview
Procuring Bunker Online is an unique solution, though still at a nascent experimental
stage across the globe.
It has the potential of getting developed into an online e-Marketplace for bunker
purchase through an electronic interface ushering in transparency through
technology and yield great results for both ends of the market.

The Need To Drive The Costs Down

Bunker cost, contributing to almost 60% of the total voyage cost, is the biggest
operational expenditure for ship owners and needs to be optimized to increase
profitability, especially in low margin business.

Technology & Cost Innovations

Opaque pricing, disparate parties and a high level of complexity mean that digital
platforms can play an important role in making the market more transparent and less
complicated.
Cost consciousness of the industry has fostered technology and cost innovations with
many bunker procurement professionals now transitioning to the online web-based
digital e-Auction platforms replacing the traditional route of negotiation.
 BENEFITS
SHIP
OWNER

All in one App

Android & IOS Transparency & accountability

Increased participation

Competitive pricing
Price Comparison
Faster Decision & TAT Faster negotiations

Informed decision making

Clear audit trails

Download Reports
Audit Friendly

Ease Of Counters
Hassle Free Negotiation BUNKER
SUPPLIER

Real-time Chat Seamless bidding at fingertips

Quick Negotiation
Price benchmarking

Real-time chat

Faster negotiations
Price Benchmarking
Historical, Live & Future
Trend Performance analysis
 Our App To Fix Your Bunker Stems

6 EASY
STEPS

Download app and

sign-up
Cost Efficiency Easy Management

Feed upcoming
bunker stems into
planner

Create & Float RFQ Market Insights

Conduct auction
Live Chat
Negotiate if required

Finalize price Auction & Counter

Powered by mjunction Report Downloads

Master Data Management

Promoted jointly by two steel giants SAIL & Tata Steel India and with more than two decades
of connecting buyers and sellers through digital platforms, today mjunction services limited
is the most trusted B2B brand in India.
mjunction entered the Ocean Shipping Space way back in 2014 through Online Vessel
Chartering. And since then there has been no looking back.
mjunction stepped into Vessel Bunkering in 2020 at critical time when the world was hit by
the pandemic and bunker procurement professionals was finding it difficult to manage. Our
objective was to connect buyers and sellers digitally enabling them to manage the bunker
bidding process, seamlessly at the comfort of their home.
Launch of our Bunker Procurement Mobile Application is a step towards our envision of
creating a digitized Shipping Ecosystem.
Here are some performance highlights of the Mobile App since launch in August 2023:

Bunker Procure (MT) Average Savings over Index ($/mt)

55,000 mt 3
Suppliers Registered Average Turn Around (mins) to Fix a Stem
15 20
Ports Covered Number of Stems Fixed
12 90

Srijeet Bhowmick, srijeet.bhowmick@mjunction.in | +91 8336926234

mjunction services limited

Godrej Waterside, Tower I, 3rd Floor, Block DP, Sector V, Salt Lake City, Kolkata 700091

www.mjunction.in