PSA International (PSA), DNV Singapore (DNV) and Pacific International Lines (PIL) on Thursday (27 March) said they have signed a Memorandum of Understanding (MoU) to collaborate on carbon emission measurement, reporting and verification (MRV), and jointly develop sustainable solutions to advance decarbonisation in the maritime and logistics sectors.

Amidst the growing demand for transparency in sustainability reporting, there is an increasing need for the exchange of reliable and harmonised data across value chains. Paired with robust data assurance, reductions in logistics emissions can then be accurately measured for greater supply chain emissions visibility.

As part of the MoU, PSA will leverage its global network of ports, logistics nodes and intermodal solutions and partner with PIL, the largest Singapore-grown carrier in Southeast Asia with extensive networks in Asia, Africa, Middle East, Latin America and Oceania, to create end-to-end green supply chains. 

Both companies will also capitalise on DNV’s suite of digital solutions to help the maritime industry create a robust data ecosystem, enabling digital assurance.

Being leaders in their respective fields, all the partners will cooperate to catalyse meaningful change and accelerate the adoption of low-carbon solutions to facilitate more efficient and sustainable global trade flows.

Antony M DSouza, Senior Vice President & Regional Manager, Southeast Asia, Pacific and India, DNV Maritime, said, “The maritime industry is at a crucial juncture where collaboration and digital innovation must go hand in hand to drive meaningful sustainability. To achieve real progress, we must not only leverage emerging digital technologies but also build trust through robust measurement and verification.”

“Through this partnership with PSA and PIL, we are committed to developing strong MRV capabilities that enhance transparency, enable data driven decisions, and accelerate the transition to greener supply chains. Together, we are shaping a future where sustainable trade becomes the industry norm, delivering lasting benefits for businesses, communities, and the environment.”

PSA Group Head of Operations and Sustainability, Eddy Ng, said: “As a leading global port operator and trusted partner to cargo stakeholders, PSA is well positioned to catalyse sustainable transformation in the ports and supply chain ecosystem by leveraging our global network of strategic nodes and energy hubs, in line with our Node to Network strategy.”

“This partnership with DNV and PIL reflects our belief that the path to a greener maritime industry is paved through collaboration, innovation, and a shared vision for a sustainable tomorrow. We remain dedicated to pioneering solutions that integrate sustainability into global trade flows while delivering the highest standards of operational excellence.”

Lionel Patrice Chatelet, Chief Commercial Officer, PIL, said: “PIL is fully committed to achieving net zero GHG emissions by 2050. This partnership with PSA and DNV strongly advances our proactive approach to developing and implementing low-carbon solutions.”

“Through this MOU, we will collaborate to develop a viable model for tracking and verifying supply chain GHG emissions reductions, leading to the development of Green Service Offerings (GSOs) that can help our customers better understand and lower their emissions footprint. Together, we aim to further digitalise processes, enhance data transparency and drive the sustainable decarbonisation of our industry.”

Photo credit: PSA International
Published: 28 March, 2025

Digital bunker trading platform Xmar on Monday (24 March) said it has facilitated the trade of over 100,000 metric tonnes (mt) of bunker fuel through more than 200 deals, in less than six months since launching. 

The company said this achievement highlighted Xmar’s growing impact on the maritime industry, offering a modern and transparent alternative to traditional bunker fuel procurement.

Operating with a network of over 1,500 verified suppliers across 500 global ports, Xmar provides buyers with access to competitive bunker fuel offers and enhanced market reach. The platform streamlines the bunker fuel procurement process by offering real-time pricing, transparent terms, and various credit options.

“This milestone reflects the strong momentum we’re building and the value we’re delivering to the industry,” said Christoph Stork, CEO at Xmar.

“Our mission is to modernise bunker fuel trading, and hitting 100,000 metric tonnes in such a short time confirms that the market is ready for this change.”

Xmar was launched to solve the persistent inefficiencies in the bunker fuel supply chain. Through its digital-first approach, Xmar has enabled both buyers and suppliers to trade more efficiently, securely, and transparently.

As digital adoption accelerates across the maritime sector, Xmar said it is positioning itself at the forefront of a new era in bunker fuel trading. With ongoing development of new features and services, the platform aims to provide even greater value to its users, while continuing to expand its global presence.

“We are just at the beginning of our journey,” added Christoph Stork.

“Our team is focused on continuing to improve the user experience. We’re building the infrastructure for the future of bunker fuel procurement.”

Related: XMAR invites companies to join pilot phase of online bunker trading platform
Related: General Index and XMAR to integrate marine fuel pricing data into trading platform

Photo credit: Xmar
Published: 26 March, 2025

Singapore-headquartered tanker operator Hafnia on Thursday (20 March) said it is set to launch FuelSure – a digital platform to combat ‘hidden costs’ in the global bunker supply, bringing greater transparency, accountability, and cost savings to the maritime bunker fuel market.

The platform has been developed in collaboration with Studio 30 50, a Venture Growth Team for maritime innovation.

Peter Martin Grünwaldt, VP Head of Bunkers at Hafnia, said: “Hidden costs in bunker supply have plagued the maritime world for decades, with unreliable fuel quality that can cause mechanical breakdowns or even vessel detentions and delivery discrepancies that can prove both costly and imply foul play somewhere in the delivery chain.”

“While bunkers themselves remain costly, these additional factors create significant losses on both a short-term and industry-wide scale. FuelSure addresses these issues head-on by centralising supplier reviews and performance metrics, empowering our crews and trading teams to make data-driven decisions that reduce risks and ultimately benefit the entire global supply chain.”

By integrating real-time vessel feedback, lab analyses, and financial loss data, FuelSure aims to quantify the “value of trust” for shipowners and traders navigating one of the shipping industry’s most opaque sectors – where quantity shortages alone can cost up to USD 5.2 billion annually.

FuelSure collects critical data points each time a vessel takes on fuel, such as barge condition, delivery accuracy, and overall supplier performance—and blends them with lab-verified chemical analyses of the fuel itself. The platform also tracks the downstream financial impact of bad bunkers, from engine damage to operational delays, to provide a comprehensive performance score for every supplier.

FuelSure is currently in beta testing with a select group of industry experts. The platform is set to debut at Singapore Maritime Week on 24 March, where the team will demonstrate its features and gather additional feedback before its wider release.

Hafnia and Studio 30 50 believe this early engagement will ensure the solution meets the rigorous demands of global shipping and paves the way for broader industry adoption. FuelSure’s go-to-market will involve strategic pilots with select fleets, partnerships with testing labs and classification societies, and phased rollouts in major global ports. This is set to lay the groundwork for a more transparent and efficient bunkering ecosystem worldwide.

Shanker Pillai, Head of Studio 30 50, said: “Through our collaboration with Hafnia, we discovered that industry players often have no clear way to evaluate the long-term cost of subpar bunkering. With FuelSure, we are not only shining a light on hidden costs; but also driving a culture of accountability and transparency that could reshape the maritime sector’s approach to fuel procurement.”

Studio 30 50 was launched by Hafnia in collaboration with Hafnia, Microsoft, DNV, IMC Ventures and Wilhelmsen in 2023. The studio’s objective is to identify new solutions which can address a broad range of ESG topics concerning the maritime industry, while also funding innovative proposals (built by startups) which seek to improve efficiencies across the whole maritime supply chain.

Photo credit: Hafnia
Published: 21 March, 2025