About

One of the biggest challenges the Maritime Industry is facing is the process of bunkering (Ship fuels acquisition process). The current process is suboptimal due to: •tContinuous Price fluctuation •tPrice manipulation •tUncertainty of product availability at each port •tMiscalculated Voyage calculations •tFuel Quality The issue has become even greater as new regulations have been effected since January 2020. These regulations have forced the industry to digitalize, affecting all the players in the market. The bunker costs are rising subject to declining demand by refinery companies, imposition of environmental government regulations, now the war in Ukraine, etc. And since the bunker management software of the company will provide insights to different improvement and cost-effective areas of the bunker firms, the demand for NEREUS software is quite high from the very start.

Solution & Product

To help shipping firms gain a true competitive advantage, we are providing an end to end process and operations comprehensive solution to close any gaps, remove inefficiencies, curtail costs and optimize bunkering overall. Our product, NEREUS, a SAAS platform, provides solutions using sophisticated analytics, oil pricing forecasting, and fuel quality benchmark that cover and exceed the needs of the industry. Our software product offerings include: •tadvanced analytics to manage risks by making data driven informed decisions •tintelligent process automation to minimize errors •tbusiness-process outsourcing and lean management, enabling reduction of workload management by 68% •toil forecasting accuracy 73% •tfuel quality benchmark

Innovation & Scalability

Competitive Advantages •Independent Company – No conflict of interest •Realtime indication prices with frequent updates, direct from physical suppliers. •Post Fixture – Send calling instructions to all related parties (agents, surveyors, laboratories). As a result, we reduce workload management by 68% •We collaborate with a Satellite company, that uses satellites and not balloons, so our weather predictions are more accurate. Also, through our collaboration with this company we will receive data regarding the real time fuel consumption of the vessels. •Our platform is API connectible. So, companies can connect 2 platforms or more in one screen. •Analytics: We have developed an oil forecasting algorithm that predicts the movement of WTI, Brent and Gas oil in the near future. This can be used as an extra tool from our clients in order to decide when is the best time for them to purchase their bunkers (reduction of risk management). This algorithm is used by private equity portfolios – amounted to over $4 bn- in commodity trading and its results come from regrasion analysis, RSI and Z-score formulas. •Working with major Laboratories to add Fuel Quality Reports in our platform

Traction & achievements

•Self funded company. All our money are reinvested in the company and especially in the development of our software. •In our analytics section we are now providing to our clients real time indication prices for more than 220 ports, up by 22% from May 2022 when we had 180 ports, and we continuously expanding our network. •Our revenue in 2021 was €160K and this year we are expecting to make at least €250K. This year, as of September, our company has made €170Κ in profits. •We are looking to expand our presence to major bunkering hubs in Middle East such as Singapore and Dubai in order to strengthen our network there – currently we have a strong network in Mediterranean and Black Sea - and provide better services to our clients. •Our Brokerage department started by serving 1 company (Conti Lines) and now we are acting as brokers for 3 companies (Conti, Spanopoulos Group , Avin). All of our clients are reputable companies of the maritime industry.

Team & Why Us

Nikolas Gkikas (Founder, CEO) is the Captain of the Ship. His responsibilities are handling the sales strategy, communicating with the legal team and accountants, setting the production strategy for the software and dealing with the relationship with investors. Kelly Dritsa is the marketing and public relations director and partner. Vana Stavropoulou is the person who keeps organized the office and the accounting. Angelos Oikonomou is a young graduate from the field of Maritime Studies and he is working in the company as a Bunker Consultant and oil market analyst.

Funding Needs

Contact us for more information on Funding Needs.