Digital bunkering platform Ofiniti has agreed to acquire ZeroNorth’s electronic bunker delivery note (eBDN) solution, according to a joint press release from the two companies reported by Ship & Bunker.
Once the deal is completed, the eBDN technology and its existing customers will transition onto Ofiniti’s Bunker Operating System. Both companies say they will work with customers to ensure continuity of service during the transition, Ship & Bunker reports.
Deal Details
The acquisition covers BTS Pte. Ltd., the Singapore-registered legal entity and licence holder behind the eBDN product, which ZeroNorth had purchased in February 2023, according to the report. No financial terms were disclosed, and no completion date has been announced.
This marks Ofiniti’s third acquisition since it was spun out from DNV in September 2024, following its earlier purchases of Singapore-based Angsana Technology and Dutch maritime technology firm Teqplay, Ship & Bunker notes.
Strategic Rationale
ZeroNorth is framing the sale as a deliberate portfolio decision, according to the report. The company plans to concentrate its bunkering investments on procurement, pricing, and planning going forward.
ZeroNorth CEO Søren Andersen was quoted in the release saying eBDN has an important role in digitalizing fuel operations, and that ZeroNorth believes Ofiniti is well positioned to continue developing the product for the industry. Andersen added that ZeroNorth will keep investing in bunkering by connecting fuel decisions more closely to voyage and vessel operations, while increasingly applying agentic AI across the voyage, Ship & Bunker reports. The company launched its agentic AI system, Propel, in August, with fuel-specific workflow agents still under development.
Ofiniti CEO Tue Raguse said bunkering has historically relied on fragmented systems and data, and that Ofiniti is building a connected ecosystem linking supply, demand, and infrastructure through both organic growth and acquisitions, according to the report.
Ofiniti states it now serves more than 200 customers and has processed over 50,000 bunker operations since its spin-out, claiming roughly 40% of Singapore’s digital bunkering market, Ship & Bunker reports. In a separate interview with the outlet, Raguse said he expects nearly a fifth of all marine fuel delivered globally in 2027 to pass through the platform.
Does This Matter to You?
Operators, charterers, and bunker suppliers relying on electronic bunker delivery note systems for compliance and documentation may see changes as the eBDN platform migrates to Ofiniti’s Bunker Operating System. Continuity of service has been promised by both companies, according to the report, though the practical transition process for existing eBDN customers has not yet been detailed.
The consolidation also reflects broader digitalization trends in bunkering documentation and procurement, which may be relevant to those monitoring how digital tools are reshaping fuel operations across ports like Singapore.
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
