Business
Bunker Holding publishes second ESG report showcasing targets and progress on ESG action points
‘For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards,’ says CEO.

Published
2 months agoon
By
Admin
Bunker Holding, the world’s largest supplier of marine fuels, on Wednesday (20 September) published its second ESG report showcasing targets and progress on ESG action points.
The new report pinpoints that industry partnerships, know-how build-up, and strong systems are at the top of the agenda when moving towards a transparent and compliant future industry.
At the forefront of Bunker Holding’s reporting is the long-term target of transitioning towards low- and zero-carbon fuels, which is in alignment with the recently revised 2023 IMO GHG strategy to reach net zero GHG emissions from international shipping by or around 2050.
“The need for a sustainable transition towards a net zero industry plays well into Bunker Holding’s industry position. We continue to invest heavily in acquiring knowledge and specialist expertise and educating our employees on low- and zero-carbon fuels. And just as importantly, we are sharing our learnings with partners and clients to provide a better understanding of the way forward in our industry,” said Keld R. Demant, CEO of Bunker Holding.
“Many of the suppliers of new fuel types, be it methanol, ammonia, LNG, or any other low- or zero-carbon fuel, rarely have extensive knowledge or network within shipping. We aim to connect the dots between producers and clients, and by already making the sustainable infrastructure for alternative fuels available in ports across the world we are doing just that. This pioneer work is one of our core strengths and how we continue to contribute to the green transition.”
Strong systems and policies shape the organisation
This past year, Bunker Holding has been heavily engaged in enabling employee’s safety and well-being based on global policies.
“In late 2022, we updated our global Parental Leave Policy followed by the introduction of a Senior Policy, a Stress Policy, and a Whistleblower Policy in early 2023. I am extremely proud when I see our employees’ reactions to these meaningful and important steps, we have taken towards becoming a more inclusive workplace, implemented on a global scale, nonetheless,” says Mette Østerskov, Head of ESG at Bunker Holding.
Together with social policies, an emphasis on a strong compliance framework to guide Bunker Holding has been important to the Group. Tracking and reporting on cyber security, misconduct, compliance, and delivering on a global responsible tax policy builds on the foundation of a stronger and more agile Bunker Holding.
“For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards. Our global policies on employee care are an industry first, which I am very proud of. Along with our investments in compliance and cyber security systems and our commitment to build know-how and partnerships, we are putting in the dedicated work to create something we can be proud of for years to come,” says Keld R. Demant.
More facts, targets, and deep dives can be found in the full Bunker Holding ESG Report for 2022/23, available on its website.
Related: Bunker Holding Group delivers ‘excellent annual result’ of USD 222.7 million in EBT
Related: Yara Clean Ammonia and Bunker Holding to develop ammonia bunker supply network
Related: Bunker Holding scales up competences in low-carbon fuels with three new appointments
Related: Bunker Holding appoints Tobias Troye as new Head of Carbon Solutions
Related: Bunker Holding appoints Tobias Troye as new Head of Carbon Solutions
Related: Bunker Holding Group extends 20-week paid parental leave globally across offices in 34 countries
Photo credit: Bunker Holding
Published: 21 September, 2023
Business
Singapore: President of Equatorial Marine Fuel Management Services receives ‘Industry Icon Award’
‘First and foremost, I would like to thank my wife, who has been with me throughout the entire journey. I would also like to thank my team at Equatorial,’ expressed Mr Choong Kien Siong.

Published
2 hours agoon
December 1, 2023By
Admin
The President of Singapore’s top bunker supplier Equatorial Marine Fuel Management Services Pte Ltd (EMF) on Wednesday (29 November) received the ‘Industry Icon Award’ at the inaugural Marine Fuels 360 Awards 2023 Gala Dinner.
Mr Choong Kien Siong was pleased with the recognition and delivered the following speech:
“It is my great honour to receive this prestigious award. First and foremost, I would like to thank my wife, who has been with me throughout the entire journey. I would also like to thank my team at Equatorial,” he expressed.
“It is together with my wife and our team that we managed to make Equatorial to what it is today. Also, a big thank you to Informa for organising this amazing event.
“There have been so many changes since I first stepped into this industry. Over the years, I have seen Singapore grow into the top maritime and bunkering hub.
“Along the way, I have made many wonderful friends and memories. Today, the industry continues to face new challenges and opportunities. Digitalisation and decarbonisation are the two big things which I have asked the younger generation to embrace seriously.
“As the world becomes more and more complex, adoption of technology is a must to handle such complexities. At the same time, we are responsible for the world that our future generations will be living in.
“One thing that will not change is Equatorial’s commitment toward providing top quality services. We will continue to do our best and ensure that we provide reliable and quality service to the industry.”

The EMF office underwent a flurry of activities during the second half of 2023. The period saw EMF launching a sustainable energy business unit while conducting its first biofuel bunker sale and delivery in the Port of Singapore.
In November, EMF built upon an earlier development by working with CMS to exchange carbon credits and Proof of Sustainability certificates for a bunker fuel transaction on the SGTraDex platform.
Manifold Times in late November reported EMF placing orders for four 7,999 dwt IMO Type II Chemical and Oil Tankers that will be used as bunker tankers at the Port of Singapore.
The Maritime and Port Authority of Singapore (MPA) recorded EMF as the top bunker supplier (by volume) in 2022.
Related: Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers
Related: Singapore: Equatorial Marine Fuel, CMS, SGTraDex link decarbonisation and digitalisation solutions in milestone bunker transaction
Related: Singapore: Equatorial Marine Fuel boosts sustainable marine fuel supply business with biofuel delivery to OOCL containership
Related: Singapore: Equatorial Marine Fuel launches sustainable energy business unit, commits towards multi-fuel future
Related: Singapore: Equatorial Marine Fuel conducts carbon credit trial with Carbon Management Solutions
Related: Exclusive: Estimated marine fuel sales figures of Singapore top 10 bunker suppliers by volume in 2022
Photo credit: Informa
Published: 1 December 2023
Digital platform
ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier
Access to ZeroNorth Bunker Electronic Bunker Delivery Notes (eBDN) will streamline bunker processes, enabling Golden Island to drive efficiency, transparency, and contribute to decarbonising shipping.

Published
23 hours agoon
November 30, 2023By
Admin
Technology company ZeroNorth on Thursday (30 November) has announced that it has enabled its customer Golden Island Diesel Oil Trading Pte Ltd (Golden Island) to become the first marine fuel supplier in Singapore to go 100% digital in its use of Electronic Bunker Delivery Notes (eBDN).
Golden Island has chosen ZeroNorth Bunker’s eBDN solution, developed by BTS and recently consolidated under the ZeroNorth Bunker brand. The company will be able to provide 100% digital processes to increase transparency and improve collaboration.
“Enabled by ZeroNorth’s technology platform, Golden Island plans to stop issuing physical BDNs from 1 December, as part of the company’s digitalisation initiative to move away from manual, paper-based processes and reduce its environmental impact on the journey to greener operations,” ZeroNorth said in a statement shared with Singapore-based bunkering publication Manifold Times.
ZeroNorth’s eBDN service will digitalise the bunker delivery process for its customers, with Golden Island the first to benefit and swiftly and securely verify purchased fuel quantities, eliminate delays and ensure smooth transactions.
“This move will help Golden Island to streamline the bunkering documentation process, increasing transparency, and driving efficiency and productivity across its marine fuel delivery operations. Digitalisation will enhance crew productivity and operational efficiencies. By eliminating paper forms with ZeroNorth’s solution, Golden Island expects to save at least two hours of manual data entry work each day,” ZeroNorth added.
By digitalising the bunkering process, ZeroNorth will turn millions of data points into actionable recommendations for Golden Island on where it can drive efficiencies and achieve greener operations. With more data being interpreted through the digitalisation of BDNs, increasingly robust insights and analysis of emissions will then be generated for customers, further powering up the marine fuel market’s data flywheel. This will also enhance reporting, as information is standardised and readily available in a digital format.
Tomohiro Yamano, General Manager, Marine Fuel Department at Golden Island, said: “A month after the Maritime and Port Authority of Singapore (MPA) launched its digital bunkering initiative as the first port in the world to implement eBDN, we are proud to be the first company to fully switch to eBDN in the Singapore bunkering market. To achieve this, we required a solution that would facilitate a seamless workflow to enhance the productivity and efficiency of our marine fuel delivery operations.
“We were impressed with ZeroNorth’s deep understanding of the bunker industry and the capabilities of its eBDN solution. Digitalising our bunker processes with eBDN fits in with our digitalisation initiative to enhance and streamline operations, which will in turn also drive easier reporting and analysis of emissions.”
Kenneth Juhls, Managing Director for ZeroNorth Bunker at ZeroNorth, said: “Bunker procurement has been a traditionally cumbersome process, burdened by manual documentation. We’re delighted to be helping Golden Island eliminate these manual processes to streamline documentation, drive efficiencies and boost productivity across its operations as a global eBDN solution on the market.
“Given the integral role marine fuels are set to play in decarbonising shipping, ZeroNorth is proud to help our customers and the wider industry digitalise bunker operations. The data generated will in turn help enable the data flywheel effect, driving actionable recommendations on where further efficiencies can be created for the benefit of both profit and planet.”
The first internal trial for Golden Island using ZeroNorth’s eBDN solution began in November 2022. The company is now ready to adopt it into its operations after a year testing the solution, with assistance and approval from the Maritime and Port Authority of Singapore (MPA).
Manifold Times previously reported Singapore bunker supplier Golden Island Diesel Oil Trading Pte Ltd (Golden Island) will be fully adopting the electronic Bunker Delivery Note (e-BDN) for commercial bunkering operations from 1 December 2023 onwards.

ZeroNorth also announced it won the Digitalisation Award at the Marine Fuels 360 Awards Gala Dinner on 29 November.
Commenting on the award, Juhls said: “We are proud and humble to get recognised by this award. The full team in ZeroNorth works hard everyday to bring value to our clients through our software solution. We are looking forward to continuing our collaboration with our customers, partners and the industry in our ambition of making global trade green.”
Related: Singapore: Golden Island switching to 100% e-BDN operations from 1 December
Related: ZeroNorth consolidates existing bunkering business following acquisitions
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes
Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today
Related: ZeroNorth acquires Singapore’s bunker supplier software provider BTS
Related: ZeroNorth acquires Prosmar Bunker Dashboard solution and Bunker Pricer module
Related: ZeroNorth acquires US-based bunker market platform ClearLynx
Related: ZeroNorth unveils ZeroNorth Bunker for bunker planning, procurement, and analytics
Related: ZeroNorth opens new office in Singapore to expand in Asia
Related: Singapore: Marine Fuels 360 Awards and Conference 2023 to bring together industry’s best
Photo credit: ZeroNorth / Informa Markets
Published: 30 November, 2023
Biofuel
Kenoil Marine Services to conduct first-ever bunkering of bio-blended LSMGO in Singapore
“Kosmos Lily” is slated to supply bio-blended LSMGO, sourced from Alpha Biofuels, representing the first-ever bunkering of bio-blended LSMGO in Port of Singapore, says Jurong Port.

Published
1 day agoon
November 30, 2023By
Admin
Jurong Port on Wednesday (29 November) said Kenoil Marine Services Pte Ltd, a licensed bunker supplier, successfully loaded 200 metric tonnes of B24 bio-blended Low Sulphur Marine Gas Oil (LSMGO) in Singapore.
The B24 marine biofuel blend was onto Kenoil Marine’s bunker tanker Kosmos Lily.
“Kosmos Lily is slated to supply this bio-blended LSMGO, sourced from Alpha Biofuels, representing the first-ever bunkering of bio-blended LSMGO in the Port of Singapore,” Jurong Port said in a social media post.
“Jurong Port takes pride in serving as the preferred port infrastructure for biofuel bunkering, and supporting the maritime industry's energy transition toward achieving net-zero emissions.”
Separately, Allan Lim Yee Chian, Founder and CEO at Alpha Biofuels, said the firm has been working to produce, blend and supply better quality biofuels for the maritime industry for over the last two years.
“We focused a lot on traceability of the biofuels , stability of the blended product and also the cost of the product,” he said in a social media post.
“The result is a bio-bunker fuel that balances the need for decarbonisation by the industry against the cost of sustainable biofuel.”
Photo credit: Jurong Port
Published: 30 November, 2023

Singapore: President of Equatorial Marine Fuel Management Services receives ‘Industry Icon Award’

ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier

Kenoil Marine Services to conduct first-ever bunkering of bio-blended LSMGO in Singapore

SeaTech Solutions and partners to develop India’s first electric tug E-VOLT 50

HD Hyundai Global Services changes name to HD Hyundai Marine Solution

Vietnam: “BT 92009 TS” detained over 80,000 litres of illegal diesel oil cargo

Azane Fuel Solutions and Amogy sign ammonia bunker vessel agreement

Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers

Singapore: Golden Island switching to 100% e-BDN operations from 1 December

PS Energy wins runner-up position in Singapore E50 awards, shares bunker expansion plans

South Korea to spend USD 155 million to commercialise LNG, ammonia and hydrogen bunker fuels

GS Caltex Singapore sells its first bio-marine gasoil bunker fuel to Maersk Oil Trading

DNV: Preparing for the EU ETS – next steps

Yinson GreenTech all-electric crew transfer vessel to undergo sea trials in Singapore
Trending
-
Newbuilding1 week ago
Singapore: Equatorial Marine Fuel builds four “new generation” methanol-ready bunker tankers
-
Technology4 days ago
Singapore: Golden Island switching to 100% e-BDN operations from 1 December
-
Business1 week ago
PS Energy wins runner-up position in Singapore E50 awards, shares bunker expansion plans
-
Alternative Fuels2 weeks ago
South Korea to spend USD 155 million to commercialise LNG, ammonia and hydrogen bunker fuels
-
Biofuel1 week ago
GS Caltex Singapore sells its first bio-marine gasoil bunker fuel to Maersk Oil Trading
-
Decarbonisation1 week ago
DNV: Preparing for the EU ETS – next steps
-
Newbuilding1 week ago
Yinson GreenTech all-electric crew transfer vessel to undergo sea trials in Singapore
-
Methanol1 week ago
J. Lauritzen finalises newbuilding order for methanol dual-fuel bulkers