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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.

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Juma bunkering Kirana Nawa

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

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China: Chimbusco and BJEC enter green methanol cooperation agreement

Document was signed between Ding Lihai, deputy general manager of Chimbusco, and Li Jianjun, deputy general manager of BJEC.

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Chimbusco x BJEC MT

China Marine Bunker (PetroChina) Co.,Ltd. (Chimbusco) and POWERCHINA Beijing Engineering Corporation Limited (BJEC) on Thursday (3 July) formally entered into a green methanol strategic cooperation framework agreement.

The document was signed between Ding Lihai, deputy general manager of Chimbusco, and Li Jianjun, deputy general manager of BJEC.

BJEC, a subsidiary of China Power Engineering Group, is experienced in the survey, design, construction and technology research and development of large-scale renewable energy projects.

Moving forward, the two parties said they will respectively focus on their core advantages and work together to promote the production, supply, storage and refuelling of green methanol as an energy source to help support the low-carbon transformation of the shipping industry.

Ding Lihai said: “The shipping industry is one of the important sources of global carbon emissions. Promoting low-carbon fuel is the key to the transformation of the industry. As the main force in the supply of bunker fuel, Chimbusco has been committed to expanding its clean fuel supply capacity. The cooperation with BJEC will integrate the advantages of green energy development and fuel supply, accelerate the large-scale application of green methanol, and meet the needs of shipping companies for clean fuel. We look forward to providing effective solutions for the green transformation of the shipping industry through the joint efforts of both parties.”

Li Jianjun said: “Implementing the ‘dual carbon’ goal is an important responsibility of enterprises. BJEC has accumulated strong technical strength in the field of green energy. This cooperation with Chimbusco will focus on the entire industrial chain of green methanol, from raw materials, production to supply, to provide clean and sustainable fuel solutions for the shipping industry. The complementary advantages of both parties will promote the rapid development of the green methanol industry and inject strong impetus into the low-carbon transformation of the shipping industry.”

 

Photo credit: China Marine Bunker (PetroChina) Co.,Ltd.
Published: 8 July 2025

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Towngas and Royal Vopak collaborate to expand green methanol supply chain network

‘Towngas has recently completed a 6,000-tonne green methanol bunkering project, the largest in Asia,” said its Chief Operating Officer – Green Fuel and Chemicals.

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Towngas x Royal Vopak MT

Hong Kong and China Gas Company Limited (Towngas) and Vopak China Management Co., Ltd. (Royal Vopak) on Tuesday (8 July) said both recently signed a strategic framework cooperation agreement to collaborate in areas such as green methanol production, storage, bunkering, and trading etc.

Focusing on the Chinese mainland, Hong Kong, and Asia-Pacific markets, both parties are joining forces to expand an efficient green methanol supply chain network and support the shipping industry’s low-carbon transition.

The two parties will capitalise on their respective strengths to expand the supply network of green methanol.

Towngas employs proprietary technology to convert agricultural and forestry waste as well as scrap tyres into green methanol, and has obtained multiple international certifications and provides a sufficient supply of green methanol for maritime fuel bunkering.

Royal Vopak provides green methanol storage and terminal services with its comprehensive storage and terminal infrastructure and coastal port network advantages.

Together, the two parties will achieve efficient resource allocation and ship green methanol to the Greater Bay Area, East China, South China, and the broader Asia-Pacific markets, further expanding the green methanol supply chain network.

Towngas and Royal Vopak will further develop multiple areas of regional cooperation, including in the Greater Bay Area. By leveraging the strengths of the ports in Hong Kong, Shenzhen, and Guangzhou, the partnership will focus on “production and storage synergy” as its core to strengthen cooperation around logistics and terminal facility construction, and to build an integrated green methanol storage and transportation network.

In East China, the two parties will centre their collaboration in Shanghai and Ningbo, two major international ports, to further strengthen cooperation in logistics storage and bunkering facility construction to meet the growing demand for green fuels at both ports.

In the Bohai Bay region, with Tianjin as the strategic hub, Towngas will transport green methanol produced at its northern China production base to Royal Vopak’s local storage tank farm, then achieve resource allocation through the Royal Vopak’s distribution network, supporting the supply of green methanol from northern China to the national and Asia-Pacific markets.

The two parties will also target key export markets, such as Singapore, Vietnam, Japan, and South Korea, to accelerate overseas expansion and boost the market competitiveness of clean energy in the Asia-Pacific region.

“Towngas has recently completed a 6,000-tonne green methanol bunkering project, the largest in Asia,” said Sham Man-fai, Towngas Chief Operating Officer – Green Fuel and Chemicals.

“It was completed with the support of Royal Vopak’s Tianjin storage tank farm facilities, laying a solid foundation for this partnership.

“Towngas’s Inner Mongolia green methanol plant is set to increase its annual capacity from 100,000 tonnes to 150,000 tonnes by the end of this year, with plans to further expand to 300,000 tonnes by 2028. Together with Royal Vopak’s storage and terminal services infrastructure and coastal port network, the two parties will build a comprehensive green methanol supply chain network.”

 

Photo credit: Hong Kong and China Gas Company Limited
Published: 8 July 2025

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SEKAVIN starts new physical supply operations in the port of Istanbul and Izmit Bay

Operation is supported by three marine refuelling barges; namely Tarabya-E, Beykoz- E, and Kalamis-E.

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SEKAVIN BARGE

Piraeus-based bunkering firm SEKAVIN on Monday (7 July) said it has recently started new physical supply operations in the port of Istanbul and Izmit Bay.

The operation is supported by three marine refuelling barges; namely Tarabya-E, Beykoz- E, and Kalamis-E. The bunkering vessels have successfully completed numerous deliveries to seagoing vessels.

According to SEKAVIN, Istanbul represents one of the world’s most strategic and challenging maritime environments. The country sees more than 43,000 annual Bosphorus passages and delivers roughly 2 million metric tons per year in bunkers to receiving ships.

In a statement to Manifold Times, John Tsogas, Global Head of Bunkering at SEKAVIN, noted his company intends to offer partners “a very reliable and flexible service” covering the Northeast Med with Istanbul.

The development is in combination with the bunkering firm’s current physical operations in Syros port, together with their traditional Piraeus physical operations which have been carried out for almost 50 years.

Related: SEKAVIN and GCL to strengthen marine fuel supply and logistics in key bunkering hubs

 

Photo credit: SEKAVIN
Published: 8 July 2025

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