As 2024 draws to a close, we at Closelink are reflecting on the record growth and key achievements we've made this year. Our success wouldn't be possible without the trust and collaboration of our customers, and we’re excited to continue building on this momentum! Let’s take a look at some of the milestones that have defined this year for Closelink.
New features for strategic lubricant procurement
At Closelink, we are committed to providing you with the tools to build a resilient procurement strategy. This year, we introduced several new features designed to help you make informed decisions and achieve real cost savings.
One of the key highlights this year was the launch of our Calculated Average Consumption feature. This tool helps you better oversee your vessels' upcoming product demand by providing dynamic calculations of average consumption over the past 90 days. You can easily track trends and spot unexpected spikes by comparing dynamic averages with user-defined fixed averages. Our grading system and outlier detection ensure you get the most reliable insights, making it easier to optimize your procurement strategy and improve demand forecasting.
If you haven’t explored it yet, request a demo to see how it can help you stay ahead. You can also read more about it here or watch a quick walk-through.
More integrations for maximum efficiency
Closelink is committed to making your procurement process as seamless as possible. That’s why we continue to integrate with industry-leading systems, allowing for smooth data flow and streamlined operations. In 2024, we partnered with NAVTOR to integrate stock reporting (ROB) data, giving you enhanced visibility into your vessel’s lubricant needs. We also worked with LR OneOcean’s Cloud Fleet Manager to automate the synchronisation of all order-related information from requisition to invoice, eliminating manual data entry and improving accuracy. We are concluding 2024 with a successful integration with StormGeo’s s-Insight, a market leader in voyage optimization and vessel management.
Closelink offers a variety of system integrations to support a streamlined, data-driven lubricant procurement process. To learn more, visit our Integrations page.
Delivering real cost savings
Helping our customers achieve tangible cost savings is at the core of what we do. In 2024, a prime example of our impact is our work with BW LPG, where we helped reduce lubricant costs by 8% in just the first year. This achievement highlights the power of smarter procurement strategies and a technology-driven approach. Additionally, we collaborated with BW LPG to develop LOOK (Lubricant Oil Optimisation Keys), an initiative designed to further optimize their supply chain.
This success story is just one of many, as we continue to help customers lower their lubricant spend. To learn more about how Closelink drives savings for BW LPG, read the full story.
Record growth
2024 has been a year of significant growth. In October alone, we achieved a remarkable $10 million in value of lubricants traded through Closelink. Over the course of the year, our total lubricant volume purchased was over 5x greater than in 2023, with a 262% growth in the number of orders processed. These numbers reflect the trust our customers place in Closelink to help them navigate the complexities of marine lubricant procurement. A big thank you to our valued users and an incredible team who made this possible!
Keeping it simple
At Closelink, we’re always focused on creating a platform that stays easy to use while offering a growing range of features. In 2024, we made significant updates based on user feedback to further improve usability. We introduced tabs to the Vessel Details section for better accessibility of data and redesigned the Order List layout for enhanced clarity. We also revamped the Create Enquiry and Offer Overview pages as part of a platform-wide design update, improving both usability and functionality. Finally, we added the ability to download enquiries as PDFs, making it easier to share and document important information.
What’s ahead?
As we approach 2025, Closelink is more committed than ever to setting a new standard in lubricant procurement. Expect more seamless integrations with industry-leading systems, and new features to help you stay ahead in an increasingly complex landscape.
If you’re ready to take your lubricant procurement strategy to the next level in 2025, request a demo and see how Closelink can help you unlock new opportunities for savings and efficiency.
