Marine fuel digitalisation firm Ofiniti expects nearly a fifth of all bunker fuel delivered worldwide next year to pass through its platform, according to an interview with Ship & Bunker. Chief executive Tue Raguse told the publication that the company’s internal estimate points to close to 20% of global marine fuel deliveries running through Ofiniti’s system by 2027.
The growth trajectory backing that projection is striking. Ship & Bunker reports that Ofiniti had completed 24,700 bunker operations by August 2026, already surpassing the 24,000 operations it handled across all of 2025. The platform also processed half a million metric tonnes of alternative fuels last year, a figure it exceeded again by August this year. Over the past 18 months, more than 13,000 unique vessels have been exposed to the system, per the report.
Funding and Acquisitions Fuel Expansion
According to Ship & Bunker, Ofiniti raised $6.8 million in funding in March, bringing total funding to $9 million. In May, the company acquired Teqplay, a firm specialising in digital twins of vessel and cargo movements. In August, former DFDS chief executive Torben Carlsen joined Ofiniti as chair to focus on growing adoption among fuel buyers.
Not a Procurement Platform
Both executives were clear in the interview that Ofiniti does not operate as a procurement or voyage-optimisation system. Raguse told Ship & Bunker that the company instead focuses on “the operational layer around bunkering” — covering scheduling, coordination, digital delivery, documentation and operational intelligence across supply, demand and infrastructure.
Ofiniti’s early growth, the report notes, came through LNG bunkering in Singapore, driven partly by the port’s e-BDN mandate and the added regulatory complexity of alternative fuels. Carlsen said he had expected resistance from barge operators over data transparency but found they were among the first to adopt the platform.
Geographic Expansion Underway
According to Ship & Bunker, Ofiniti is now expanding from Singapore into the South China Sea, targeting Hong Kong, Taiwan and Thailand in the near term, with China under exploration. Two of Hong Kong’s top five suppliers are reportedly running trials. The company has also expanded into the ARA hub, West Africa, Scandinavia, and the US and Panama, with the Teqplay acquisition giving it access to Greater Houston, the first and third largest US ports by gross tonnage. Raguse said Ofiniti is in active discussions with several global top 10 suppliers.
Does This Matter to You?
According to the Ship & Bunker interview, Carlsen — drawing on his experience running bunker procurement at DFDS — argued that transparency around barge timing, delivery volumes and documentation carries direct financial and operational consequences, including reduced risk of fuel quality disputes and improved port turnaround efficiency. The report also notes that shipowners, charterers, surveyors and port authorities all have a stated interest in accessing verified bunker delivery data. As Ofiniti scales its operational footprint, parties involved in bunker delivery, documentation, and vessel scheduling across expanding regions may see increased use of shared digital records for verifying transactions.
Gulf Bunkering does not provide operational or security guidance. This article is for informational purposes only. Operators should consult flag state authorities, P&I clubs, and relevant advisories for decisions relating to transit planning.
Sources: Ship & Bunker
