Blockchain Labs for Open Collaboration (BLOC) has this week announced the completion of its first bunker delivery and transaction using blockchain technology.
A Reinplus Vanwoerden bunker barge delivered bunkers to a Samskip vessel in Rotterdam on September 7.
"The bunker industry – with its multiple large volume transactions, and history of fraudulent claims – provides an ideal platform to examine where blockchain's digital platform can be utilised to increase transparency, and create better compliance and strong governance. The fact that the first transaction was for low-carbon fuel makes both the project and the opportunity for the future all the more exciting,” said BLOC CEO Deanna MacDonald.
Using a decentralised and public digital ledger, the BLOC system is designed to provide end-to-end traceability of marine bunkering transactions – from storage, to the barge or jetty, and on to the vessel's fuel tank.
The Samskip delivery was also the first for Maritime Blockchain Labs, a consortium of blockchain firms, shipowners and marine fuel producers, which is also happens to be a subsidiary of BLOC.
It was the first low-carbon marine fuel delivery as part of the GoodShipping Program – a project that aims to drive the use of truly sustainable fuels, requiring the shipping industry to commit to a reduction in their CO2 emissions by using biofuels.
Photo credit: Pixabay
Published: 19 September, 2018
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021