The Danish company BLOC, the creator of BunkerTrace, has won the Next Step Challenge trophy for being the most scalable company within the Scale-Up Denmark centre for Offshore Industry, it says.
BLOC's BunkerTrace solution is a blockchain-based inclusive support system that enhances marine fuel traceability and provides a clear chain of custody for better quality assurance in the bunker fuel supply chain.
With a special focus on UN Sustainable Development Goal #12 ‘responsible production and consumption’ BLOC supports businesses in meeting compliance and legislations for sustainable handling and consumption of bunker oils, encouraging further collaboration throughout the supply chain, and creating more transparency and trust.
The solution allows charterers, ship owners, operators, fuel suppliers and crew to trace the provenance of fuel, both ensuring that it is safe, compliant with the upcoming 2020 sulphur cap, and enabling better tracking and validation of emissions.
A selection board of five business leaders selected the winner from the eight participating scale up companies, who had been selected amongst more than 1,000 companies to participate in the Next Step Challenge business development program.
Having participated in an intensive business development program with industry insiders, the team behind BLOC has gained valuable advice and insight on growing and proving the efficacy of its solution for tracing marine fuels.
“Our BunkerTrace application has now been validated through both the selection board from the finale, and more importantly by the advisory board that followed us through the program,” explained Deanna MacDonald, Co-founder and CEO of BLOC.
“Having insiders from the oil industry sharing knowledge and validating our business means a lot to us.”
The advisory board congratulated BLOC on the achievement: “BLOC is a very interesting company, as they have both identified an issue in the industry and created an innovative and technological solution to it,” said Rasmus Rozentals, Head of Logistics & Support to Operations in Total.
“BLOC has a unique product (BunkerTrace) that we see as a technological ‘game changer' to facilitate more efficient cooperation and more trust within a complex and global bunker industry.
“I am looking forward to experiencing the further developments from BLOC – congratulations!”
Related: BHP, NYK, GoodFuels, BLOC in Rotterdam biofuel bunkering trial
Related: Blockchain bunker fuel assurance system takes next development step
Related: BLOC hails first blockchain bunker delivery
Related: BLOC announces bunkering consortium for blockchain
Related: Lloyd’s Register Foundation funds blockchain study
Photo credit: BLOC
Published: 20 June, 2019
The Japanese firm has signed a patent license agreement with Teramoto Iron Works.
Signs MOU with Eco Marine Power to explore installation of technologies on existing and new bulk carriers.
A unique digital predictive maintenance product, the MVP for scrubbers will provide continuous fleet-wide insight into vessel compliance and scrubber utilisation.
Hybrid solution has reduced SEACOR Maya fuel consumption and emissions by as much as 20%.
‘Energy transition in shipping will require new technologies, alternative fuels and infrastructure to support low- and zero-carbon shipping,’ IMO Head, Air Pollution and Energy Efficiency, tells Manifold Times.
Development would release funds to build new ships with very low or no CO2 emissions, finds analysis commissioned by Danish Shipping, prepared by CE Delft.
‘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
