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SIBCON 2022: S&P Global Market Intelligence and Bunkerchain in MoU

Continues collaboration on Marine Vessel Pass enabling shipowners to create Digital Identities similar to Sovereign Digital Identities for ships.

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S&P Global Market Intelligence and Bunkerchain on Wednesday (5 October) signed a Memorandum of Understanding to continue their collaboration on Marine Vessel Pass at SIBCON 2022.

The development was witnessed by Maritime & Port Authority of Singapore’s (MPA) Assistant Chief Executive (Operations), Captain M Segar from MPA.

Marine Vessel Pass service is the World’s first Digital Identities for ships tied to the IMO Database. The unique Identity as a Service (IDaaS) enables ship owners to create Digital Identities for ships similar to Sovereign Digital Identities programs run by most countries such as Singpass in Singapore.

The service is designed to encompass the highest levels of security incorporating the latest encryption technologies used in such as Private-Public Key Infrastructure and Oauth 2.0 for Single Login Identity Assess Management capabilities for users to use across multiple platform infrastructures. The service will effectively replace wet ink ship stamps and signatures used now on paper documentation with verified digital versions to speed up digitization efforts in the Maritime Industry.

S&P Global Market Intelligence is the originating source for the International Maritime Organization (IMO) Ship Number and is the sole authority with responsibility for assigning and validating these numbers. The Numbers are issued and maintained on behalf of the IMO.

Bunkerchain is an awardee of the Digital Bunkering project from MPA and are also the inventors of the World’s first Smart Contract eBDN service called “Touch and Sail”.

The service retrieves information direct from the IMO database to ensure proper onboarding of Ships and Companies by validating Identities registered against the IMO Global Maritime Database before activating their Digital Identities. With the onboarding validation handled independently by the IMO Team from S&P Global Market Intelligence, Users can be assured that the Digital Identity credentials used to login, sign digital documents are accurate and verifiable against their Identities.

The Public Key is shared with S&P Global Market Intelligence after generation and the transaction hash from every digital transaction signed with the service will be stored for validation and compliance purposes in case the transaction is challenged. In the Enterprise version of the service, documents signed with the service are hashed and stored in client managed servers, providing privacy and confidentiality for the ship owners.

There are two ways to use the system.

  1. The service can be integrated with current systems of ship management companies or owners to enable Marine Vessel Pass interoperability with existing systems and pre-designed forms.
  2. Users of the system can also digitize a paper document received on the vessel by taking pictures of any Paper Document and designate the position of the electronic signature and ship stamp before calling on their Digital Identities to sign the documentation.

Any company involved in the Maritime industry can choose to connect to the service to digitize their operational workflow. Electronic documentation is shared with permissioned connected systems or emailed to counterparties instantly upon completion. Documentation that are signed by the Vessel Master and crew includes but are not limited to Bunker Delivery Notes, Master Bill of Ladings and Delivery Orders.

Leon Ling, CEO, Bunkerchain:

Digital Identities are the foundation of the digital economy. The support of MPA and S&P Global Market Intelligence has enabled the creation of this new service that will benefit ship management companies and owners by digitizing their paper based operational documents signed by the Vessel. Besides the efficiency gained from digitalization, regulators and shipping companies around the world can now be assured that a digital document signed with the service is authentic and that the integrity of the document has not been compromised since its creation.

Captain M Segar, MPA Assistant Chief Executive (Operations):

The MoU between S&P Global Market Intelligence and Bunkerchain represents yet another significant step towards bridging the physical and digital worlds of the maritime industry. The creation of digital identity ecosystem for ships will provide authenticity for electronic documents, and further enhance maritime efficiency as more ships replace wet ink stamps and embrace digitalisation. MPA looks forward to the trial of Marine Vessel Pass with Electronic Bunker Delivery Note in Singapore as we continue to explore further integration with other services and platforms to provide secure and efficient verification of ship identity.

Ashlee Williams, Vice President S&P Global Market Intelligence, Maritime, Trade & Supply Chain:

As the originating source and sole authority for assigning and validating IMO Ship, Registered Owner and Company numbers, S&P Global Market Intelligence collaborates and empowers those in the Maritime, Shipping and Logistics sectors, to integrate data through the adoption of new technologies. By leveraging data management, standardization, automation, and digitalization, we can help facilitate interoperability across maritime & trade platforms to enhance the efficiency, sustainability, and innovation of the shipping sector.

To build on well-established Industry Standards set by the International Maritime Organization (IMO) is a natural evolution to digitalizing the sector, and one that the IMO is working to ensure shipping can embrace. Digital identities for ships will allow for the fast and secure exchange of data and information, whilst still ensuring the universal public reference for ships, continues to be the unique ship identifier adopted in systems globally today.

 

Photo credit: Bunkerchain
Published: 5 October, 2022

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Winding up

Singapore: High Court to hear Norvic Shipping Asia winding up application on 31 July

Application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to Government Gazette notice.

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An application for the winding up of Norvic Shipping Asia Pte Ltd was filed by Netherlands-registered Mur Shipping BV on 8 April, according to a Tuesday (21 July) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 31 July.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant’s, Oon & Bazul LLC, on payment of the regulated charge for the same.

The Applicant’s address is Hiridostraat 5, Gebouw Prismatrium, 1101CW Amsterdam, The Netherlands.

The Applicant’s solicitors are Oon & Bazul LLC of 103 Penang Rd, #04-04/05/06 Singapore 238467. 

Queries on the winding up application may be directed to the following email addresses: [email protected] and [email protected].

 

Photo credit: Manifold Times
Published: 22 July, 2026

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Methanol

World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Operation involved the delivery of approximately 2,800 MT of green methanol to “Arctic Tern” via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel “M/V Hai Gang Zhi Yuan”.

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World Fuel and partners complete first green methanol bunkering of car carrier in Shanghai

Marine fuel provider World Fuel on Tuesday (21 July) said it successfully completed the first green methanol bunkering of M/V Arctic Tern, with EUKOR Car Carriers and SIPG Energy at the Port of Shanghai. 

Arctic Tern is the first vessel in the new Shaper Class series of car carriers. 

The operation involved the delivery of approximately 2,800 MT of green methanol to Arctic Tern via a ship-to-ship transfer using SIPG Energy’s dedicated methanol bunkering vessel M/V Hai Gang Zhi Yuan, the largest vessel of its kind in operation. 

The bunkering operation was carried out at Haitong Terminal, Waigaoqiao Port Area, Shanghai Port, with cargo handling operations conducted simultaneously during bunkering.

This marks EUKOR Car Carriers’ first green methanol operation and the first time Arctic Tern has bunkered methanol since its delivery on 9 July. The operation marked the first bunkering at Shanghai Port of green methanol produced locally in Shanghai for an international PCTC operator. 

It also demonstrated the city’s integrated green methanol value chain, spanning local production, storage and bunkering, and established a replicable “Shanghai Model” for green methanol supply.

World Fuel arranged the supply and delivery of the fuel on behalf of EUKOR Car Carriers, working with SIPG Energy as the physical supplier at the Port of Shanghai.

The green methanol supplied was produced from municipal solid waste, ISCC-EU certified, and had a carbon intensity value below 25 gCO₂e/MJ.

Arctic Tern is the first of fourteen Shaper Class vessels ordered by Wallenius Wilhelmsen. With a capacity of 9,300 car equivalent units and methanol dual-fuel capability, the vessel will be operated by EUKOR Car Carriers, jointly owned by Wallenius Wilhelmsen and Hyundai Motor Group. Following her first green methanol bunkering, Arctic Tern will continue her maiden voyage from Asia to Europe.

Xavier Leroi, COO Shipping Services at Wallenius Wilhelmsen and CEO of EUKOR Car Carriers, said: “Completing Arctic Tern’s first green methanol bunkering shortly after delivery is a significant milestone towards our decarbonisation ambition for both EUKOR Car Carriers and Wallenius Wilhelmsen. It demonstrates how investments in next-generation vessel technology and fuel flexibility are being translated into real-world operations. 

“This achievement reflects the strong collaboration between all parties involved. Together, we have shown how partnerships across the maritime value chain can help make lower-emission fuels available and operationally viable at scale.”

Mark Tamsitt, SVP Global Marine Sales at World Fuel, said, “The first bunkering event with a new fuel is a significant moment for any shipowner, and our role is to make it as seamless as possible. By connecting EUKOR Car Carriers with SIPG Energy’s proven green methanol capability at the Port of Shanghai, we were able to deliver on reliable supply, fuel quality, and safe processes. As more of our customers bring methanol dual-fuel tonnage into service, we are committed to being the partner that makes these kinds of operations routine.”

Mr. Zhang Da, General Manager of SIPG Energy, said, “Welcoming Arctic Tern to the Port of Shanghai for her first green methanol bunkering demonstrates the strength and maturity of our supply capability. Building on our well-established methanol ship-to-ship bunkering services for container vessels, we have already extended such services to pure car and truck carriers (PCTCs). This bunkering sets a new record for the largest single SIMOPs green methanol bunkering for PCTCs in China, marking another step in building Shanghai’s position as a global green energy hub for international shipping.”

This operation follows Wallenius Wilhelmsen’s announcement on 9 July that Arctic Tern would complete her first methanol bunkering shortly after delivery. The vessel entered service on routes between Asia and Europe immediately following handover from China Merchants Jinling Shipyard in Nanjing.

 

Photo credit: World Fuel
Published: 22 July, 2026

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Ammonia

HPA and MB Energy develop safety concept for STS ammonia bunkering

HPA says the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

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HPA and MB Energy develop safety concept for STS ammonia bunkering

The Hamburg Port Authority (HPA) and integrated energy company MB Energy on Tuesday (21 July) said they have completed a comprehensive risk analysis and developed a dedicated safety concept for ship-to-ship ammonia bunkering.

MB Energy said the analysis lays the groundwork for the safe introduction of ammonia as a future marine fuel.

“With our planned ammonia import terminal in Hamburg-Blumensand, MB Energy intends to provide the reliable land side supply infrastructure needed to support this transition across northern German ports,” it said in a social media post. 

Mabanaft Group was renamed to MB Energy last year and merged over 50 existing brands under one identity. 

Separately, HPA said the Port of Hamburg will become “bunker ready” for ammonia, laying the groundwork for safe and reliable ammonia bunkering in the future.

“The focus is in particular on container ships, cruise ships as well as RoRo and ConRo (Container/RoRo) ships,” it said. 

“We expect ammonia to establish itself as an alternative marine marine fuel in the coming years. With our preparatory work, we are already creating the conditions to welcome the first ammonia-powered ships in Hamburg and to bunker them safely.:

HPA added that the import terminal for ammonia planned by MB Energy from 2029 will make a decisive contribution to ensuring the reliable availability of ammonia as a bunker fuel in northern German ports in the long term. 

“The use of an ammonia bunker barge is considered a possible addition to the landside infrastructure to enable ship bunkering in the port and beyond in the future,” it said.

Related: Mabanaft Group renames as MB Energy, merging over 50 brands under one identity

 

Photo credit: Hamburg Port Authority
Published: 22 July, 2026

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