Connect with us

Digital platform

DNV FuelBoss coverage expands to include conventional bunker fuels, whitelisting by MPA in process

Development to introduce e-BDN equivalent systems for Singapore’s bunkering sector will likely result in about USD 50 million in savings when considering the annual bunker volume at the republic.

Admin

Published

on

martin wold2small cropped

Classification society DNV’s digital bunkering delivery platform FuelBoss has recently expanded operations to include conventional bunker fuels, learned Singapore bunkering publication Manifold Times.

To date, the independent platform has started facilitating conventional marine fuel deliveries in Europe and is in the process of being whitelisted by the Maritime and Port Authority of Singapore (MPA).

The Port of Singapore, under the purview of MPA, is planning to make digital bunkering a mandatory requirement by end of 2024 through the introduction of e-BDNs within marine fuel transactions.

The development to introduce e-BDN equivalent systems to boost efficiency and transparency for Singapore’s bunkering sector will likely result in savings of USD 1 for every metric tonne of bunker fuel, or about USD 50 million when considering the annual bunker volume at the republic, believes Martin Wold, Head of FuelBoss at DNV.

“FuelBoss acts as an independent, one-stop shop for digital delivery. With FuelBoss and DNV, our customers can be sure they get a future proof solution and trusted partner in terms of handling all types of marine fuels and managing the energy transition by a truly independent service provider,” said Wold.

“We know by experience that new fuels bring additional operational and commercial complexity along with new requirements along the supply chain. Flexibility and scalability are key in solving these requirements, which is built into the very core of our platform.

“Many people ask what the value and return on investment is for digitalisation, and we at FuelBoss tell them it is immediate.

“The value of digitalisation far exceeds the fees of being charged on the systems and in FuelBoss’ case we already have multiple studies proving bunker suppliers can save roughly USD 1 pmt (per metric tonne) for every delivery.

“This is mainly due to increased utilisation of bunker tankers from time saved through the elimination of manual data entry, reduced cost of capital from timely and verifiable documentation, and more time-efficient back-office processing.”

FuelBoss operational page

Overcoming digital pain points

The introduction of e-BDN will result in the bunkering industry adopting to new ways of working. Disruption, however, could be kept to a minimum with the right solution, according to Wold.

“Introducing new ways of working is always challenging. Hence, what is so important when driving digitalisation is having the user in mind to make life onboard bunker vessels easier,” he explains, highlighting the user-friendliness and intuitiveness of FuelBoss.

Wold notes user feedback has shown the solution requires minimal training – just a 30-minute introduction before actual implementation (for bunker crew and receiving vessel).

“This is why we put a lot of effort into having FuelBoss mirror the behaviour of using apps on a phone to complete everyday tasks [i.e. ordering food, transportation] so as to build a smooth user experience.”

Data integration – A common void of bunker suppliers

Experience from speaking with several bunker suppliers, meanwhile, has taught Wold of a common void typically found in bunker suppliers. This is where the importance of engaging a solution with good data integration for enterprise resource planning (ERP) suites come into play.

“From what we have seen almost every supplier has a gap in their IT system set-ups,” he shares.

“On the front end, they have good systems for quotations, enquiries, order confirmations and so on. They also have good systems in the back end for handling invoicing, finance, and risk management.

“However, there is always a gap in the middle for the bunker delivery phase. Lacking digital systems, suppliers use tools like spreadsheets, PDFs and pen and paper; this is the gap FuelBoss fills – to link the front and back ends of a bunker transaction together.”

MFM on bunker tanker

FuelBoss and Veracity link up

Speaking of integration, Wold points out that eBDNs, and their corresponding emissions values, can be further linked between FuelBoss and DNV’s Veracity –  an independent industry platform tracking operational vessel data (OVD) of over 35,000 vessels – to enhance overall value proposition for bunker suppliers to clients.

“The marine fuel delivered by suppliers can be supplemented with data points on carbon intensity and emission certificates,” he states.

“These data points will be important for emissions reporting, and it makes sense to integrate them into Veracity to enable the full automation that we see many shipowners are looking for.

“Bunker suppliers using FuelBoss can actually help enable that for their customers.”

Security and trust – Core values of DNV

Moving forward, Wold notes that standardisation and cyber security are important values for achieving robust digital ecosystems.

“Security is a top priority of DNV. We are one of the largest providers of cyber security services within Europe and we are leveraging inhouse expertise for FuelBoss,” he says.

“Most importantly, DNV is an independent classification society trusted for 160 years. Our core value resonates well with the direction the bunker industry is now taking, where digitalisation is one of first steps towards increased transparency and accountability.”

To date, FuelBoss has completed more than 2,500 liquefied natural gas (LNG) bunker deliveries across Europe, US and Asia, and has recently expanded operations to include conventional fuels.

DNV has since partnered with a local player in Singapore to adapt and roll out FuelBoss on board their bunker vessel. Bunkering trials using the digital tool are expected to take place soon.

“The expansion of FuelBoss to cover all marine fuels comes at a timely juncture ahead of MPA’s mandate for e-BDNs by the end of 2024,” explains Wold.

“With a proven track record for FuelBoss in other regions, we are both eager and humble to work with and learn from the stakeholders in Singapore, to reap the benefits of digitalisation and support the transition towards a multi-fuel future.

Related: FuelBoss paves way into Singapore’s LNG and future marine fuels bunkering sector
Related: Singapore: DNV and Pavilion Energy partner to bring fully digital LNG bunkering
Related: Claritecs, Teqplay, DNV/FuelBoss: Bunkering cost reductions possible through digital technology and collaboration
Related: DNV GL: FuelBoss pushes digitalization of bunkering services
Related: DNV GL launches ‘FuelBoss’ – an integrated hub for LNG Bunkering

 

Photo credit: DNV
Published: 22 February 2024

Continue Reading

Bunker Fuel

Singapore: EnterpriseSG issues call for public comments on digital bunkering supply chain documentation

Call for public comments will be available for a two-month period from 5 April to 6 June 2024, learns bunkering publication Manifold Times.

Admin

Published

on

By

RESIZED SG bunker tanker

Government agency Enterprise Singapore (EnterpriseSG) on Friday (5 April) issued a call for public comments on the digital bunkering supply chain documentation standard, amongst others, learned bunkering publication Manifold Times.

The call for public comments will be available for a two-month period from 5 April to 6 June 2024.

Under the National Standardisation Programme, the public comment period is an important stage of standards development, states EnterpriseSG.

Members of the public are invited to provide feedback on draft Singapore Standards for publication and work item proposals for development and review of Singapore Standards and Technical References.

The establishment of Singapore Standards is done in accordance with the World Trade Organisation’s requirements for the development of national standards.

Specification for digital bunkering supply chain documentation

This standard specifies requirements for the main types of digital documents utilised and exchanged within bunkering supply chains, aligning with established business practices and bunkering standards such as SS 600, “Code of practice for bunkering by bunker tankers using tank gauging”, SS 648, “Code of practice for bunker mass flow metering” and SS 660, “Code of practice for bunker cargo delivery from oil terminal to bunker tanker using mass flow meter”.

This standard requires digital documents to conform to specific data specifications and document formats. Additionally, it requires users to adhere to defined processes for the issuance of these documents.

A Supplement that is in machine-interpretable format will also be provided when the standard is published. The Supplement is a data definitions file that programmers can use to automatically generate codes to promote data consistency across various IT systems.

Potential users of the standard include bunker suppliers, oil traders, oil terminals, bunker buyers, bunker surveyors, bunker fuel testing bodies, digital service providers, financial institutions, industry associations for banking/shipping and relevant government agencies.

Click here for instructions to access and submit comments on this draft Standard

Related: SIBCON 2022 Interview: Co-Convenors offer insights into Singapore’s upcoming Digital Bunker Document Standard

 

Photo credit: Manifold Times
Published: 17 April 2024

Continue Reading

Technology

SMW 2024: MPA partners with S&P Global and Bunkerchain in digital ship identity

MPA signed a MoU with S&P Global and Bunkerchain to use Singapore as test bed to trial and pilot use of digital ship identity in maritime applications such as digital port clearance and digital bunkering.

Admin

Published

on

By

SMW 2024: MPA partners with S&P Global and Bunkerchain in digital ship identity

The Maritime and Port Authority of Singapore (MPA) on Tuesday (16 April) announced it signed a Memorandum of Understanding (MoU) with S&P Global Market Intelligence and Bunkerchain to pilot the use of digital ship identity in the republic. 

The signing took place at the ‘Accelerating Digitalisation and Decarbonisation Conference’ at Singapore Maritime Week (SMW) on the same day.

The parties agreed to use the Port of Singapore as the test bed to trial and pilot the use of digital ship identity in maritime applications such as digital port clearance and digital bunkering.

Digital identity refers to the unique representation of an entity in the digital world, which consists of various attributes and data that distinguishes it from others.

“Electronic transactions may be vulnerable to various risks as such identity fraud and data integrity breaches,” MPA said.

“Digital ship identity plays a crucial role in making electronic transactions more secure, trusted, and efficient in the maritime sector. When deployed in tandem with electronic signatures, these digital technologies will eliminate the need for physical ship stamps and wet ink signatures, and accelerate the transition towards a truly digital, secure, and paperless operations.”

MPA, together with Esri Singapore, the Agency for Science, Technology and Research’s Institute of High Performance Computing and the Technology Centre for Offshore and Marine, Singapore, also developed a digital twin proof-of-concept of a methanol bunkering leak incident. 

“The digital twin runs on an interactive web application that integrates weather and ocean current predictions and AIS data to present visualisation of chemical plume dispersions in the event of a bunkering incident involving alternative fuels,” it said.  

“The capability can help enhance planners’ understanding of the behaviour of the plume clouds under various conditions and guide the development of safety and incident response plans and standards.”

The port authority also announced a collaboration with Amazon Web Services (AWS), an Amazon.com company, to support the maritime industry’s digital transformation and green transition. 

MPA will tap on AWS services including cloud, artificial intelligence (AI), and digital twins to enhance the industry’s efficiency, safety, and sustainability outcomes. 

As part of the collaboration, MPA and AWS will develop the maritime Artificial Intelligence and Machine Learning (AI–ML) Digital Hub, the first-of-its-kind in ASEAN region. 

The AI–ML Digital Hub will leverage AWS cloud to enable the maritime industry to pilot innovative AI and generative AI (GenAI) capabilities to trial on the Green and Digital Shipping Corridors, optimising routes and fuel consumption, carbon emissions accounting, and just-in-time arrivals to help ships operate more efficiently, reduce greenhouse gases emissions, and enhance safety of operations.

A memorandum of understanding was signed between Mr David Foo, Assistant Chief Executive (Operations Technology), MPA and Ms Elsie Tan, Country Manager, Worldwide Public Sector, Singapore, AWS.

Related: SMW2024: 18th Singapore Maritime Week opens with ‘Actions meet Ambition’ theme
Related: SMW 2024: MPA to set up facility for maritime workforce to train in handling new bunker fuels
Related: SMW 2024: Singapore-Rotterdam Green and Digital Shipping Corridor partners to implement first-mover pilot projects

 

Photo credit: Bunkerchain
Published: 16 April 2024

Continue Reading

Digital platform

ZeroNorth to launch new service enabling integration of eBDN data between suppliers and buyers

‘By directly and automatically transferring eBDN data into the procurement system, the new integration is a true step forward for transparency in the bunker market,’ says firm.

Admin

Published

on

By

Kenneth Juhls, Managing Director, ZeroNorth Bunker,

Technology company ZeroNorth on Thursday (11 April) announced it was launching a new service to enhance data integration between bunker suppliers and buyers using its eBDN (Electronic Bunker Delivery Note) solution.

The new solution will transition eBDN data into procurement systems and facilitate automatic matching with corresponding supplier orders. Payment processes are then initiated automatically without manual intervention.

 “The bunker market’s legacy manual processes mean that data entries commonly contain inaccuracies, which leads to raised claims and additional costs,” ZeroNorth said in a statement.

“By directly and automatically transferring eBDN data into the procurement system, the new integration is a true step forward for transparency in the bunker market; improving operational efficiency, fostering stronger supplier relationships, and ensuring adherence to payment schedules.”

The initial rollout of ZeroNorth’s eBDN solution has taken place in Singapore, one of the world’s most important bunkering hubs. Singapore has currently established itself as a hub for a digitalised bunker market, with the Maritime and Port Authority of Singapore (MPA) looking to make eBDN mandatory in the second half of 2024.

With 44,746 bunker deliveries conducted in Singapore in 2023, the city state’s share of fuel volumes was close to 23% of all marine fuel delivered in 2023 (51.8 million mt out of approximately 225 million mt globally).

“It is clear that the adoption of eBDN in Singapore will create the foundation for the global rollout of the technology, significantly improving transparency across the bunker value chain in the years to come,” the firm added.

ZeroNorth said it was clearly seeing interest and enthusiasm for the integration. 

“Effectively and digitally transferring key delivery data from the eBDN between supplier and buyer marks a pivotal moment in strengthening the exchange of data between all parties,” it said.

Kenneth Juhls, Managing Director, ZeroNorth Bunker, said: “We are dedicated to leveraging technology to drive efficiency and sustainability in the maritime sector. The integration of eBDN dataflows is a testament to our commitment to innovation and our vision for a more connected, digital future for bunker fuel transactions.

“eBDNs represent the next frontier for bunker optimisation and hold the potential to be a true accelerant of digitalisation of the bunker value chain. It shows the latent power of the data we have at our fingertips and the positive impact that we can have if we are able to make that information available at speed. By breaking down the data silos between bunker suppliers and buyers, we’re helping everyone work together better.

“This makes it easier to build fuel strategies that are resilient to market complexities and that enable compliance with stricter regulations. We are grateful for the support of our customers and partners as we embark on this journey to transform the industry together.”

Related: Vitol chooses ZeroNorth e-BDN solution in Singapore
Related: ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier
Related: ZeroNorth acquires Singapore’s bunker supplier software provider BTS
Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today
Related: Singapore: MPA publishes guidelines for bunker suppliers in preparation of e-BDN launch
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes

 

Photo credit: ZeroNorth
Published: 12 April 2024

Continue Reading
Advertisement
  • Aderco advert 400x330 1
  • EMF banner 400x330 slogan
  • Consort advertisement v2
  • v4Helmsman Gif Banner 01
  • RE 05 Lighthouse GIF
  • SBF2

OUR INDUSTRY PARTNERS

  • Triton Bunkering advertisement v2
  • 102Meth Logo GIF copy
  • Singfar advertisement final
  • HL 2022 adv v1


  • endress
  • E Marine logo
  • Auramarine 01
  • pro liquid
  • Cathay Marine Fuel Oil Trading logo
  • Kenoil
  • CNC Logo Rev Manifold Times
  • Golden Island logo square
  • Trillion Energy
  • Victory Logo
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Advert Shipping Manifold resized1
  • Headway Manifold

Trending