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Trafigura and partners complete live inventory financing on SGTraDex

Standard Chartered provided financing to Trafigura for its oil inventory stored by Advario, where Advario provided key data elements to enable execution of trade electronically via SGTraDex.

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Trafigura, Standard Chartered and Advario on Tuesday ( 6 September) announced the completion of their first live electronic oil inventory financing via Singapore Trade Data Exchange (SGTraDex) – a common data infrastructure launched in June 2022 to facilitate trusted and secure data sharing across supply chains.

Standard Chartered provided financing to Trafigura for its oil inventory stored by energy storage company Advario, where Advario provided key data elements that enabled the execution of the trade electronically via SGTraDex. 

This paperless transaction was done by way of the Bank’s Structured Inventory Product (SIP), in which Standard Chartered obtained title of the oil purchased from Trafigura before selling it back to the leading global commodities trader within a pre-agreed timeframe. The transfer of title helped to free up Trafigura’s cash flow for a longer period of time.

Documents of transactions conducted on SGTraDex are verified using the TradeTrust framework and distributed ledger technology. The establishing of a SGTraDex data-sharing connection between oil terminals and financing banks on SGTraDex also ensures that timely and immutable inventory information is passed from the terminal to the bank without any risk of tampering or alteration.

The success of this transaction demonstrates the viability of electronic oil inventory financing in reducing the risks of double-financing and thereby helping to facilitate greater funds accessibility for a wider pool of traders, according to the companies. 

Stephan Jansma, Chief Financial Officer, Asia Pacific, Trafigura, said: “Trafigura is pleased to take a leading role in the digital transformation of commodity trade flows, together with Standard Chartered, one of our key banking partners, Advario and SGTraDex. We are working towards SGTraDex becoming a regular feature in the financing of our inventories in Singapore and other import and export flows.”

Patrick Lee, Cluster CEO, Singapore and ASEAN Markets (Malaysia, Vietnam, Thailand and Representative Offices), Standard Chartered, said: “We are proud to partner with Trafigura and Advario in executing our first live electronic oil inventory financing via the SGTraDex digital infrastructure. The success of this significant transaction underscores Standard Chartered’s commodity finance capabilities and demonstrates our commitment to supporting the growth and development of a secure and transparent digital supply chain ecosystem. Together we can play a key role in enhancing Singapore’s competitiveness as an international trade and commodity finance centre.”

Antoine Cadoux, CEO, SGTraDex, said: “We would like to congratulate Standard Chartered, Trafigura and Advario on their first live transaction on SGTraDex. All parties have been instrumental in developing our digital infrastructure and use cases. We look forward to our continued collaboration to drive adoption and develop new use cases across the industry. We are confident SGTraDex, with our mantra of openness, interoperability and security, has much to offer to ecosystem partners.”

Snehashish Chatterjee, Vice President, Advario S.E.A., said: “Advario is proud to be an integral part of providing reliable and trusted data via SGTraDex’s data sharing infrastructure in order to facilitate the secure and seamless trade of commodities. We look forward to developing this offering with key partners such as Trafigura and Standard Chartered and the wider industry.”

The firms said the successful transaction marks a major milestone in bringing actionable solutions to the ecosystem and will further boost Singapore’s status as a key global and regional trade hub.

Manifold Times previously reported on bunker suppliers utilising SGTraDex for their bunkering transactions. 

Singapore-based financial services group DBS on 2 June reportedly completed its first live transaction that was done by way of an electronic bunker delivery note on SGTraDex. 

On 3 June, Manifold Times reported Singapore bunker supplier Equatorial Marine Fuel Management Services Pte Ltd connected one third of its bunker tanker fleet to SGTraDex. 

Related: Kenoil Marine Services and DBS complete first live transaction on Singapore Trade Data Exchange (SGTraDex)
Related: Equatorial Marine Fuel links one third of bunker tanker fleet to SGTraDex in push towards trust & transparency
Related: MPA awards close to SGD 3 million to fund eight digital bunkering projects
Related: Singapore: Players complete first ‘live’ bunker delivery financing pilot with eBDN

 

Photo credit: Trafigura
Published: 7 September 2022

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Mass Flowmeter

Hong Kong backs MFM adoption with voluntary scheme to boost bunkering competitiveness

Hong Kong’s Marine Department launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems on their bunker vessels.

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RESIZED EH dual mfm setup

Hong Kong’s Marine Department (MD) on Wednesday (3 June) launched the Quality Bunker Operator Scheme to encourage bunker operators to install and use mass flow meter systems (MFM systems) on their bunker vessels.

MD said the scheme aims to enhance Hong Kong’s bunkering service quality and the competitiveness of Hong Kong ports, thereby further consolidating Hong Kong’s position as an international maritime centre and a major bunkering port.

Under the Scheme, bunker operators of traditional maritime fuel and biodiesel that install and use MFM systems on their bunker vessels, with the MFM systems inspected and certified by an accredited body in accordance with the International Organization for Standardization’s ISO 22192 Standard or equivalent requirements, can apply to the MD for inclusion in the scheme’s “List of Quality Bunker Vessels”, provided they meet the relevant technical and operational requirements. 

Details of the bunker vessels successfully included in the List will be published on a dedicated page on the MD’s website for reference by shipping companies and relevant stakeholders.

Participation in the Scheme is voluntary. In addition to receiving recognition from the MD, participating bunker operators will benefit from enhanced corporate image and competitiveness through the adoption of MFM systems, thereby boosting customers’ confidence and helping to create new business opportunities.

 A spokesman for the MD, said: “As an international maritime centre supported by our country, Hong Kong has a strategic location adjacent to major international fairways. Coupled with years of development in marine fuel bunkering, Hong Kong possesses rich experience and talent in the field. For many years, Hong Kong has consistently ranked as the seventh-largest bunkering port globally, the second-largest in our country, and the largest in the Greater Bay Area, providing reliable and competitive fuel bunkering services to ocean-going vessels from around the world. 

“As the international shipping industry has an increasing demand for accuracy and transparency in bunkering services, service quality and measurement precision in bunkering operations have become important indicators of a bunkering port’s competitiveness. The Scheme will enhance bunkering accuracy and transparency, further enhancing the quality of Hong Kong’s bunkering services.

The spokesman added that comprehensive port services are one of Hong Kong’s key advantages as an international maritime centre.

“We will also mandate the use of MFM systems on all methanol bunker vessels this year to ensure that Hong Kong continues to provide high-quality bunkering services in the era of green maritime fuels.” 

Note: The application form for the Scheme can be found on the MD’s website. Interested bunker operators can download the application form from the website or contact the MD’s Green Maritime Fuel Team via email ([email protected]) for details.

 

Photo credit: Manifold Times
Published: 4 June, 2026

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Alternative Fuels

MPA and MSC ink MoU to support adoption of alternative bunker fuels

MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency.

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MPA and MSC ink MoU to support adoption of alternative bunker fuels

The Maritime and Port Authority of Singapore (MPA) on Wednesday (3 June) said it signed a Memorandum of Understanding (MoU) with MSC Mediterranean Shipping Company to strengthen collaboration in maritime decarbonisation, digitalisation, innovation, and manpower development. 

The MoU was signed on 25 May 2026 by Mr Ang Wee Keong, Chief Executive of MPA, and Mr Soren Toft, Chief Executive Officer of MSC.

The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore. This year also marks the 30th anniversary of MSC establishing its Asia Regional Office and local office in Singapore.

Under the MoU, MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency and operational performance.

MPA and MSC will also collaborate on maritime digitalisation initiatives to improve operational efficiency, including streamlining vessel arrivals and port operations. 

On manpower development, MSC will support internship and scholarship opportunities through Singapore Maritime Foundation’s Maritime Outreach Network (MaritimeONE) platform, an industry-led tripartite partnership comprising industry, government and institutes of higher learning that aims to raise awareness of the maritime industry and attract quality talent into the maritime sector.

Mr Ang Wee Keong, Chief Executive of MPA, said: “This partnership reflects the strong collaboration between MPA and MSC in driving sustainability and digitalisation in the maritime sector. By working together on decarbonisation, operational efficiency and talent development, we aim to strengthen Maritime Singapore’s position as a trusted and future-ready global maritime hub.”

Mr Soren Toft, Chief Executive Officer of MSC, said: “Singapore is a strategically important hub for MSC and a key gateway to the broader Asia region. As we mark 30 years in Singapore, this MOU reinforces our long-term commitment to strengthening our presence here. MSC and Singapore are closely aligned on the priorities shaping the future of global shipping, and we look forward to deepening this partnership to drive the continued growth and resilience of the maritime industry.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 4 June, 2026

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Emissions reporting

StormGeo and OceanScore link emissions data, compliance workflows

Cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and UK ETS requirements.

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StormGeo and OceanScore link emissions data, compliance workflows

Weather intelligence and decision support solutions provider StormGeo and Hamburg-based technology platform OceanScore on Wednesday (3 June) said they have deepened their ongoing cooperation through the signing of a collaboration agreement during Posidonia 2026 in Athens on 2 June.

The cooperation combines StormGeo’s expertise in operational vessel and emissions data with OceanScore’s expertise in emissions compliance workflows across EU ETS, FuelEU Maritime and upcoming UK ETS requirements.

Together, the companies aim to help shipping companies seamlessly navigate increasing regulatory complexity more efficiently — from emissions reporting and data validation to compliance exposure management, pooling and financial settlement.

As emissions regulation becomes an increasingly important part of commercial shipping operations, the need for reliable operational data and streamlined compliance processes continues to grow. The cooperation between StormGeo and OceanScore is designed to support shipping companies with more connected, transparent and actionable processes across operational and commercial teams.

“From the outside, companies like StormGeo and OceanScore may sometimes be perceived as competitors because both operate around emissions and compliance workflows,” said Albrecht Grell, Managing Director at OceanScore. 

“But in reality, the industry increasingly needs both perspectives working together: trusted operational emissions data on one side and commercial compliance execution on the other. Our cooperation reflects that shipping companies are no longer looking for isolated solutions — they need connected processes, automated across different systems and reliable decision-making throughout the full compliance chain.”

By connecting validated operational emissions data with commercial compliance management, the cooperation supports workflows across:

  • emissions reporting and validation 
  • compliance management across EU ETS, FuelEU Maritime and upcoming UK ETS requirements
  • exposure visibility and cost transparency
  • pooling, settlement and financial processes 

The cooperation also aims to improve commercial transparency and coordination across operational and commercial stakeholders.

“StormGeo plays a central role in helping shipping companies turn operational vessel and emissions data into trusted, decision-ready insights,” said Espen Martinsen, Chief Commercial Officer at StormGeo. 

“As emissions regulations become more complex, this data is essential for transparent and efficient compliance management. By working with OceanScore, we can help customers connect StormGeo’s validated operational data with commercial compliance processes, creating a more integrated and practical approach to emissions management.”

The signing ceremony took place at the StormGeo booth during Posidonia 2026 in Athens and was attended by representatives from both companies.

Both companies expect the cooperation to continue evolving alongside upcoming regulatory developments, including FuelEU Maritime, EU ETS, the upcoming UK ETS and future emissions-related frameworks affecting global shipping.

 

Photo credit: StormGeo
Published: 4 June, 2026

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