Business

Global Energy Trading and Bunkerchain complete bunkering sector’s first PoC with TradeTrust Integration

3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.

Published

4 years ago

January 5, 2021

Admin

Singapore bunker supplier Global Energy Trading on Friday (18 December) completed the bunkering sector’s first proof of concept (PoC) operation of a fully digitalised marine fuel transaction.

The bunker fuel transaction was supported with physical transfer data from IOT devices on the bunker barge; the operation was linked to the TradeTrust* framework with support from technology firm BunkerChain.

The PoC operation involved three parties; a Cargo Seller [Itochu Enex], Bunker Trader [Global Energy Trading], and Buyer [Global Marine Logistics], learned Singapore bunkering publication Manifold Times.

A total 3,490 mt of LSFO was lifted from Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.

Bunkerchain successfully enabled the digital signing of the entire trade using an Accredited Certification Authority followed by a full capture of the entire physical flow data from IOT devices on the bunker tanker.

The PoC also simulated the detection of an unauthorised transfer of cargo; following which the system sent out an alert to Global Energy’s headquarters.

“This is a step forward, Global Energy is proud to be part of this move towards industry digitalisation,” said Vince Koh, General Manager of Global Energy Trading.

“Interoperable standards-based digital utilities such as TradeTrust are critical to enabling players across different levels of digital readiness to participate in the ecosystem. Global Energy Trading and BunkerChain’s proof of concept leverages TradeTrust’s document verification capabilities to help the bunkering industry address areas such as detecting, remotely controlling, and preventing unauthorised movement of cargo. This is a positive step forward in our collaboration with the industry to accelerate their digitalisation journey,” said Loh Sin Yong, Director of Trade for Infocomm Media Development Authority (IMDA).

“We are very excited and honoured to kick-start this PoC with BunkerChain. As the only IMDA- accredited Certificate Authority in Singapore, Netrust’s certificates and technologies used in the digital signing process provide assurance for the integrity and authencity of electronic records. It is definitely a breakthrough and a great use case for the industry,” said Edwin Lee, Head of Sales at Netrust.

BunkerChain provided the distributed ledger environment for Global Energy Trading to carry out the full end-to-end trade which includes real time visibility and control of the physical bunkering process with full audit trail integrated with TradeTrust.

“Singapore’s bunkering sector faces several pain points which BunkerChain is able to solve with the TradeTrust framework,” shares Leon Ling, CEO of BunkerChain.

“Current pains include insufficient audit trail, a manual process of filling up the Bunker Delivery Note and manual submission of data to the authorities, and insufficient visibility and control of inventories held.

“TradeTrust, together with our TradeClear and BunkerConnect modules, opens up transparency and visibility of a bunker transaction while offering full digital life cycle management, digital twin asset management capabilities, risk management and fraud prevention – qualities which the bunkering sector and its supporting financial institutes are adopting moving forward.”

About TradeTrust

*TradeTrust comprises a set of globally-accepted trade process standards and frameworks, that connects governments and businesses to a public blockchain. In doing so, it enables interoperability across different platforms so that electronic trade documents can be exchanged in a trusted fashion across these digital platforms.

Find out more about TradeTrust here
For further enquiries on TradeTrust, please email [email protected]
Find out more about Bunkerchain here

Photo credit: Global Energy Trading
Published: 5 January, 2021

Safety

Singapore: MPA urges port users to stay vigilant during monsoon surge

Moderate to heavy showers and strong winds are expected from 19 to 21 March due to a north-east monsoon surge and as such, vessels must be properly secured for sea at all times, says MPA.

Published

22 hours ago

March 20, 2025

Admin

The Maritime and Port Authority of Singapore (MPA) on Wednesday (19 March) has reminded owners, agents and masters of vessels to stay vigilant from 19 to 21 March due to a north-east monsoon surge.

“Moderate to heavy showers, and strong winds are expected during this period. Vessels must be properly secured for sea at all times,” MPA said in a port marine notice.

“The life-saving and firefighting equipment onboard must also be in good working condition and in accordance with the International Code for the Safety of Life at Sea (SOLAS) regulations,” it said.

“Crew members shall be familiar with all emergency procedures, especially when embarking and disembarking passengers during adverse weather conditions. Vessels should maintain safe speeds, observe International Regulations for Preventing Collisions at Sea (COLREGs).”

Masters of vessels are reminded to keep a safe anchor watch.

Photo credit: Manifold Times
Published: 20 March, 2025

Alternative Fuels

Hong Kong-based Sun Ferry takes delivery of diesel-electric ferry “Xin Ming Zhu 30”

New vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, will serve inter-island commuter and tourism operations across Hong Kong.

Published

22 hours ago

March 20, 2025

Admin

Hong Kong-based Sun Ferry takes delivery of diesel-electric ferry “Xin Ming Zhu 30”

Global digital shipbuilder Incat Crowther on Wednesday (19 March) said Hong Kong-based ferry operator Sun Ferry has taken delivery of Xin Ming Zhu 30, a new, 35-metre diesel-electric ferry.

The new vessel, designed by Incat Crowther and constructed by Guangzhou-based shipbuilder AFAI Southern Shipyard, is the third vessel to join a fleet of seven new vessels designed by Incat Crowther for the mass transit operator.

The vessel will serve inter-island commuter and tourism operations across Hong Kong, connecting Peng Chau, Mui Wo, Chi Ma Wan and Cheung Chau.

The 300-seat passenger ferry boasts Veth azimuth thrusters that provide high manoeuvrability at operating speeds of 14 knots. The adoption of this technology makes the vessel suitable for berthing at piers on inter island routes.

The vessel is also fitted with 72 solar panels providing 7.5 kilowatts of on-board power.

Sam Mackay, Technical Manager at Incat Crowther, said: "This vessel reflects Sun Ferry’s commitment to future focused design solutions that not only meet operational needs, but that exceed customer expectations.”

“With diesel-electric propulsion, solar technology, and passenger-centric design, it sets a new benchmark for sustainable and efficient ferry services in Hong Kong.”

The delivery of the 35-metre hybrid vessel follows the delivery of two 45-metre conventional diesel-powered vessels to Sun Ferry. The final three vessels, all 45-metre vessels, will be delivered by the end of 2025. All vessels in the fleet have been designed by Incat Crowther and built by AFAI Southern Shipyard.

Photo credit: Incat Crowther
Published: 20 March, 2025

Biofuel

PRIO delivers Eco Bunkers B30 to two cargo ships at ports in Portugal

Company supplied the bio bunker fuel, a product containing 30% renewable raw materials, to “BBC Lisbon” at Port of Aveiro on 3 March and to “ANNA” at Port of Leixões on 18 March.

Published

22 hours ago

March 20, 2025

Admin

PRIO delivers Eco Bunkers B30 to two cargo ships at ports in Portugal

Biofuels producer PRIO on Wednesday (19 March) said it carried out Eco Bunkers B30 fuel deliveries to shipping company Briese Chartering in collaboration with its partner UFS Unites Fuel Services this month.

On 3 March, PRIO supplied the biofuel to cargo vessel BBC Lisbon at the Port of Aveiro and to another cargo vessel, ANNA, at the Port of Leixões on 18 March.

“With these two Eco Bunkers B30 deliveries, a product containing 30% renewable raw materials, PRIO enabled Briese Chartering to reduce around 60 tons of CO2 in just two port calls in Portugal,” it said in a social media post.

“Produced at PRIO’s Aveiro plant, biodiesel has the potential to reduce GHG emissions by approximately 88% compared to fossil fuels.”

“PRIO has been demonstrating its commitment to decarbonising the maritime sector by supplying more sustainable products, ranging from 1% to 100% renewable content.”

Manifold Times previously reported PRIO launching its ECO Bunkers B30 biofuel in partnership with Norwegian Cruise Line Holdings and World Fuel Services.

PRIO previously launched ECO Bunkers B15, a green fuel for ships with 15% biodiesel and the company then launched a 20% biofuel blend, ECO Bunkers E20.

Photo credit: PRIO
Published: 20 March, 2025