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KPI OceanConnect, Deloitte and ZTLment partner on using blockchain in shipping value chain

Inclusion of blockchain technology on digital platform for marine energy trading, allows platform to link the flow of purchasing marine fuels and carbon offsets, amongst others.

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Marine energy solutions provider KPI OceanConnect, multinational professional services network Deloitte and payment services provider ZTLment on Friday (7 July) announced a new partnership to incorporate blockchain technology into marine energy trading through the AuctionConnect platform to ensure greater traceability in the value chain and improve maritime sustainability. 

The organisations will combine their innovative approaches and expertise at the sixth International Blockchain School hackathon in August 2023 to develop a transparent, sustainable method for carbon offsetting transactions in the shipping industry.

Whatever the agreements reached during the International Maritime Organization’s MEPC 80 discussions, transparency, innovation and the digital technologies that support them will be fundamental to helping the shipping industry manage its carbon footprint and automate payments in the value chain. 

As the uptake of carbon credits will increase in both the voluntary and mandatory markets, KPI OceanConnect, Deloitte and ZTLment recognise the need for greater transparency in the value chain. Using blockchain technology to provide an unalterable record of carbon credit transactions, the collaboration aims to restore trust in carbon offsets, and create a reliable and effective picture of emissions reductions. This will help to solve the long-standing challenge of the accuracy and reliability in carbon offsetting claims. 

In this partnership, Deloitte brings its wealth of knowledge and large network, while ZTLment brings its platform for moving real money with smart contracts and expertise in developing fully regulated blockchain technology. 

For KPI OceanConnect, the initiative reinforces its position as an innovative, transparent and sustainability-driven partner for the shipping industry. The organisation is further enhancing compliance, security and transparency for clients using its marine energy trading platform, AuctionConnect, while also supporting the shipping industry in its alignment with sustainability goals. If the hackathon is successful the solution is expected to be taken to production in the fall of 2023.

Per Funch-Nielsen, Director of AuctionConnect, said: “The shipping industry has a crucial role to play in the global transition to a low-carbon economy, which also means that the industry is seeing a lot of demands from customers, regulators, investors and credit institutions to reduce its climate footprint. The development of green fuels is a viable pathway towards decarbonisation for a sector at the heart of the energy transition.”

“However, many alternative fuels are still in the early stages of development for widespread use in shipping globally. Along with biofuels, an immediate solution to reduce emissions is carbon offsetting. The inclusion of blockchain technology on our world leading digital platform for marine energy trading, allows us to link the flow of purchasing marine fuels and carbon offsets, to provide immutable proof of the transaction, the ownership of the carbon credit and the payment.”

Mads Stolberg-Larsen, Co-founder and CEO at ZTLment, said: “Blockchain technology allows ZTLment to take payments and documentation of carbon credits and connect them on a single infrastructure with full traceability for all parties. My prediction is that carbon credits will be the first value chain in the world to be completely tokenised through blockchain technology, creating a whole new era of reliability and transparency.

“Using smart contracts technology, we can create a direct link between the flow of funds, the fuels and the carbon credits that have been purchased. KPI OceanConnect’s clients will complete a normal bank transfer, where the money is uploaded to the blockchain and automatically distributed to the various suppliers. If the fuel buyer doesn’t have a blockchain address, they simply download a certified document from the AuctionConnect platform, which references all the underlying blockchain transactions.”

Rasmus Winther Mølbjerg, Director at Deloitte, said: “We see huge potential for blockchain technology to accelerate the green transition. Strategic partnerships like ours with KPI OceanConnect and ZTLment are the way forward. Blockchain technology has enormous potential to create trust and transparency in the green economy.”

“That’s why companies need to come together to implement robust procedures for issuing, tracking and retiring carbon credits to ensure accountability throughout the entire trading process. Applying systemic trust and transparency in the digital era has never been more important.”

 

Photo credit: KPI OceanConnect
Published: 10 July, 2023

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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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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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