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SIBCON 2022: S&P Global Market Intelligence and Bunkerchain in MoU

Continues collaboration on Marine Vessel Pass enabling shipowners to create Digital Identities similar to Sovereign Digital Identities for ships.

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S&P Global Market Intelligence and Bunkerchain on Wednesday (5 October) signed a Memorandum of Understanding to continue their collaboration on Marine Vessel Pass at SIBCON 2022.

The development was witnessed by Maritime & Port Authority of Singapore’s (MPA) Assistant Chief Executive (Operations), Captain M Segar from MPA.

Marine Vessel Pass service is the World’s first Digital Identities for ships tied to the IMO Database. The unique Identity as a Service (IDaaS) enables ship owners to create Digital Identities for ships similar to Sovereign Digital Identities programs run by most countries such as Singpass in Singapore.

The service is designed to encompass the highest levels of security incorporating the latest encryption technologies used in such as Private-Public Key Infrastructure and Oauth 2.0 for Single Login Identity Assess Management capabilities for users to use across multiple platform infrastructures. The service will effectively replace wet ink ship stamps and signatures used now on paper documentation with verified digital versions to speed up digitization efforts in the Maritime Industry.

S&P Global Market Intelligence is the originating source for the International Maritime Organization (IMO) Ship Number and is the sole authority with responsibility for assigning and validating these numbers. The Numbers are issued and maintained on behalf of the IMO.

Bunkerchain is an awardee of the Digital Bunkering project from MPA and are also the inventors of the World’s first Smart Contract eBDN service called “Touch and Sail”.

The service retrieves information direct from the IMO database to ensure proper onboarding of Ships and Companies by validating Identities registered against the IMO Global Maritime Database before activating their Digital Identities. With the onboarding validation handled independently by the IMO Team from S&P Global Market Intelligence, Users can be assured that the Digital Identity credentials used to login, sign digital documents are accurate and verifiable against their Identities.

The Public Key is shared with S&P Global Market Intelligence after generation and the transaction hash from every digital transaction signed with the service will be stored for validation and compliance purposes in case the transaction is challenged. In the Enterprise version of the service, documents signed with the service are hashed and stored in client managed servers, providing privacy and confidentiality for the ship owners.

There are two ways to use the system.

  1. The service can be integrated with current systems of ship management companies or owners to enable Marine Vessel Pass interoperability with existing systems and pre-designed forms.
  2. Users of the system can also digitize a paper document received on the vessel by taking pictures of any Paper Document and designate the position of the electronic signature and ship stamp before calling on their Digital Identities to sign the documentation.

Any company involved in the Maritime industry can choose to connect to the service to digitize their operational workflow. Electronic documentation is shared with permissioned connected systems or emailed to counterparties instantly upon completion. Documentation that are signed by the Vessel Master and crew includes but are not limited to Bunker Delivery Notes, Master Bill of Ladings and Delivery Orders.

Leon Ling, CEO, Bunkerchain:

Digital Identities are the foundation of the digital economy. The support of MPA and S&P Global Market Intelligence has enabled the creation of this new service that will benefit ship management companies and owners by digitizing their paper based operational documents signed by the Vessel. Besides the efficiency gained from digitalization, regulators and shipping companies around the world can now be assured that a digital document signed with the service is authentic and that the integrity of the document has not been compromised since its creation.

Captain M Segar, MPA Assistant Chief Executive (Operations):

The MoU between S&P Global Market Intelligence and Bunkerchain represents yet another significant step towards bridging the physical and digital worlds of the maritime industry. The creation of digital identity ecosystem for ships will provide authenticity for electronic documents, and further enhance maritime efficiency as more ships replace wet ink stamps and embrace digitalisation. MPA looks forward to the trial of Marine Vessel Pass with Electronic Bunker Delivery Note in Singapore as we continue to explore further integration with other services and platforms to provide secure and efficient verification of ship identity.

Ashlee Williams, Vice President S&P Global Market Intelligence, Maritime, Trade & Supply Chain:

As the originating source and sole authority for assigning and validating IMO Ship, Registered Owner and Company numbers, S&P Global Market Intelligence collaborates and empowers those in the Maritime, Shipping and Logistics sectors, to integrate data through the adoption of new technologies. By leveraging data management, standardization, automation, and digitalization, we can help facilitate interoperability across maritime & trade platforms to enhance the efficiency, sustainability, and innovation of the shipping sector.

To build on well-established Industry Standards set by the International Maritime Organization (IMO) is a natural evolution to digitalizing the sector, and one that the IMO is working to ensure shipping can embrace. Digital identities for ships will allow for the fast and secure exchange of data and information, whilst still ensuring the universal public reference for ships, continues to be the unique ship identifier adopted in systems globally today.

 

Photo credit: Bunkerchain
Published: 5 October, 2022

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Poland: ORLEN to strengthen position in bunker fuels sector with new oil terminal

With the terminal’s commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports with conventional marine fuels and biofuels.

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ORLEN oil terminals

Polish multinational oil refiner ORLEN Group on Wednesday (12 June) said it is solidifying its presence in the marine fuels market with the construction of a new oil terminal that is scheduled for completion by the second half of 2025.

Construction of the Martwa Wisła terminal, located on the Martwa Wisła river, has already exceeded 70%.

The Martwa Wisła terminal will enhance the logistics capabilities of the Gdańsk refinery, allowing for the transshipment of approximately 2 million tonnes of fuel products annually.

The first four loading arms have already arrived at the construction site and the remaining four loading arms are slated for delivery by the end of June. The devices, with a throughput capacity of up to 500m³/h, will be used at transshipment points to load tankers.

With the terminal's commissioning, the company plans to introduce a bunkering vessel to service the Tri-City ports (Gdańsk, Gdynia, Sopot) with conventional fuels and biofuels.

For over 20 years, the Group has been supplying quality marine fuels to all Polish seaports. Its refinery product portfolio encompasses a wide range of fuels that guarantee quality and strict compliance with regulations, including MGO (DMA 0.1%S), ULSFO (RMD80 0.1% S) and LNG, which will in the near future be complemented with ‘green’ alternatives.

All marine fuels offered by ORLEN comply with the international ISO 8217:2017 standard and meet the requirements of the MARPOL Convention.

 

Photo credit: ORLEN Group
Published: 14 June 2024

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Australia: Crew of bunker tanker “Champion 63” to strike following employer’s refusal to negotiate

‘BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low,’ states MUA spokesman.

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Champion 63

The crew of Champion 63, a 2022-built Australia-registered bunker tanker with home port of Brisbane, is set to go on strike after bargaining for a new enterprise agreement has stalled, stated the Maritime Union of Australia (MUA) on Wednesday (12 June).

Members of the Australian Maritime Officers Union, the Australian Institute of Marine and Power Engineers, and MUA voted up protected industrial action on 11 June 2024.

The crews have been trying to formalise their employment conditions with ASP Ship Management since the bunkering operations commenced in February 2023. It took ASP approximately six months to issue the Notice of Employee Representational Rights (NERR) and start bargaining.

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“The crew of the new bunker barge on the Brisbane River and the maritime unions bent over backwards to make this vessel work,” said MUA Assistant Branch Secretary Paul Gallagher.

“Including low wages, excessive hours and a roster that does not allow crew to take leave. 18 months down the track when it comes time for BP to reward their crew and pay industry standards what do they do? They deny them fair wages, a workable roster and threaten their back pay!”

The AMOU filed a bargaining dispute after ASP refused to take their claim for a roster that does not demand that crews work every weekend seriously.

“Having to work every weekend because ASP does not have suitable relief arrangements is unacceptable,” said AMOU Industrial Officer Tracey Ellis.

“Crews have a right to be rostered time off to spend with their family. Waiting for ASP to fix the issue did not work, filing a Bargaining Dispute in the Fair Work Commission did not work, so the crews will take protected industrial action until their concerns are taken seriously.”

The crews onboard the Champion 63 voted up an unlimited number of stoppages of work of between one hour and 48 hours.

Gallagher added that, “the Maritime unions will not tolerate the big multinational fuel barons of this world undermining the Australian maritime wages and conditions of seven local mariners who are trying their best to support our own local shipping and Cruise Ship industry. If your cruise holiday gets delayed it is because, after recording over $40 billion profit in last two years, BP has decided they can’t pay industry standards in Brisbane and want to keep their workers’ wages low.”

 

Photo credit: Maritime Union of Australia
Published: 13 June 2024

 

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Infineum releases Sustainability Report 2023 outlining its sustainability progress

Infineum celebrates 25 years of operations and looks forward to the next 25 years of progress towards its net zero ambition by 2050, says CEO.

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Press release Infineum remains focused on our purpose to become a sustainable world class specialty chemicals company

Infineum, a specialty chemicals company headquartered in the UK, on Thursday (13 June) released its fourth annual Sustainability Report, reinforcing its purpose to create a sustainable future through innovative chemistry.

Aligned with the company’s strategic plan to achieve its vision and purpose, Infineum announces:

Publication of its Sustainability Report 2023 (Sustainability.Infineum.com), which outlines the efforts and progress that the company has achieved through the year, including:

  • Championing of Diversity, Equity & Inclusion (DE&I) throughout the organisation
  • Achievement of 28% of colleagues volunteering, surpassing its 2025 target of 25%
  • Increased share of relevant supplier spends covered by sustainability assessments to 62%

Launch of revamped corporate website (www.Infineum.com) to better represent Infineum as a specialty chemicals company, showcasing Infineum’s existing capabilities, as well as diversification in the new markets

The joint venture, formed in 1999 between Shell and Exxon Mobil, celebrates its 25th anniversary this year and recently shared its restructure strategy to two business units, Sustainable Transportation and Energy Applications.

“As Infineum celebrates 25 years of operations and we look forward to the next 25 years of progress towards our net zero ambition by 2050, I am pleased to share our fourth annual sustainability report,” says Infineum CEO Aldo Govi.

“This is a journey and we have made excellent progress, but improvement will not always be linear, especially when set against the backdrop of a challenging external environment, but our purpose of creating a sustainable future through innovative chemistry, continues to drive us forward.

“We remain focused on our vision to become a sustainable world-class specialty chemicals company. Sustainability was at the core of reshaping Infineum to better enable us to contribute to sustainable mobility and the transition to a low-carbon economy.”

 

Photo credit: Infineum
Published: 13 June 2024

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