Supplier of marine fuels and bunkering services Minerva Bunkering on Thursday (29 July) announced a new partnership with digital platform developer rise-x.io to establish ADP Clear Pte. Ltd. in Singapore.
The spin off digital business will combine Minerva’s Advanced Delivery Platform and rise-x.io’s proprietary DIANA Ecosystem Operating Platform (EOP) to enable end-to-end bunkering solutions in a digital ecosystem.
The ADP is an innovative solution comprised of integrated hardware and software designed and developed by Minerva and its technology partner Curl Tech.
Customers using the ADP benefit from visibility into all details of their bunkering operations including quality of fuel delivered, operational timelines, and quantity received as per mass flow meter profiles – all in real-time and viewed from anywhere via the customer portal.it states
“Our partnership with rise-x.io allows us to extend the capabilities of ADP driving end to end digitalization and the resulting visibility and cost savings that reach from the front office to the back office and beyond,” said Minerva CEO Tyler Baron.
rise-x.io is the company behind QuayChain Pte. Ltd., an open access market facing platform designed to facilitate the online sale, purchase, delivery and settlement of marine fuel.
Established in 2018 QuayChain’s mission is to knit the industry together in a digital ecosystem for added transparency and efficiency across vessel owners and operators, fuel suppliers, terminal operators, regulators, port authorities, trade finance providers, insurance companies and other 3rd party service providers involved in the marine fuel industry.
“With QuayChain Pte. Ltd. we tested early-stage concepts using our blockchain enabled DIANA platform to build out multi-party workflows for autonomous operations,” explains Rowan Fenn, Co-founder and CEO rise-x.io.
“We were looking for a forward-thinking partner, committed to bringing efficiency, trust and transparency to the global marine fuel market, and one who could bring scope and scale to the QuayChain concepts. In Tyler Baron and Minerva, we found that partner,” says Fenn.
QuayChain and the ADP are directly complimentary and through ADP Clear Pte. Ltd. the two companies will integrate both solutions to create one seamless customer experience. The benefits of this new partnership include:
Related: Minerva Bunkering deploys Advanced Delivery Platform in Singapore, ARA & Fujairah
Related: Minerva Bunkering introduces carbon neutral marine fuel offering
Related: rise-x.io, DNV GL, NUS embark on project to predict illegal bunker activity
Related: Simulated LNG bunkering blockchain transaction performed at Singapore
Photo credit: Minerva Bunkering
Published: 30 July, 2021
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.