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ZeroNorth to launch new service enabling integration of eBDN data between suppliers and buyers

‘By directly and automatically transferring eBDN data into the procurement system, the new integration is a true step forward for transparency in the bunker market,’ says firm.

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Kenneth Juhls, Managing Director, ZeroNorth Bunker,

Technology company ZeroNorth on Thursday (11 April) announced it was launching a new service to enhance data integration between bunker suppliers and buyers using its eBDN (Electronic Bunker Delivery Note) solution.

The new solution will transition eBDN data into procurement systems and facilitate automatic matching with corresponding supplier orders. Payment processes are then initiated automatically without manual intervention.

 “The bunker market’s legacy manual processes mean that data entries commonly contain inaccuracies, which leads to raised claims and additional costs,” ZeroNorth said in a statement.

“By directly and automatically transferring eBDN data into the procurement system, the new integration is a true step forward for transparency in the bunker market; improving operational efficiency, fostering stronger supplier relationships, and ensuring adherence to payment schedules.”

The initial rollout of ZeroNorth’s eBDN solution has taken place in Singapore, one of the world’s most important bunkering hubs. Singapore has currently established itself as a hub for a digitalised bunker market, with the Maritime and Port Authority of Singapore (MPA) looking to make eBDN mandatory in the second half of 2024.

With 44,746 bunker deliveries conducted in Singapore in 2023, the city state’s share of fuel volumes was close to 23% of all marine fuel delivered in 2023 (51.8 million mt out of approximately 225 million mt globally).

“It is clear that the adoption of eBDN in Singapore will create the foundation for the global rollout of the technology, significantly improving transparency across the bunker value chain in the years to come,” the firm added.

ZeroNorth said it was clearly seeing interest and enthusiasm for the integration. 

“Effectively and digitally transferring key delivery data from the eBDN between supplier and buyer marks a pivotal moment in strengthening the exchange of data between all parties,” it said.

Kenneth Juhls, Managing Director, ZeroNorth Bunker, said: “We are dedicated to leveraging technology to drive efficiency and sustainability in the maritime sector. The integration of eBDN dataflows is a testament to our commitment to innovation and our vision for a more connected, digital future for bunker fuel transactions.

“eBDNs represent the next frontier for bunker optimisation and hold the potential to be a true accelerant of digitalisation of the bunker value chain. It shows the latent power of the data we have at our fingertips and the positive impact that we can have if we are able to make that information available at speed. By breaking down the data silos between bunker suppliers and buyers, we’re helping everyone work together better.

“This makes it easier to build fuel strategies that are resilient to market complexities and that enable compliance with stricter regulations. We are grateful for the support of our customers and partners as we embark on this journey to transform the industry together.”

Related: Vitol chooses ZeroNorth e-BDN solution in Singapore
Related: ZeroNorth enables Golden Island to become Singapore’s first 100% digital bunker supplier
Related: ZeroNorth acquires Singapore’s bunker supplier software provider BTS
Related: MPA Chief Executive: Port of Singapore begins digital bunkering initiative today
Related: Singapore: MPA publishes guidelines for bunker suppliers in preparation of e-BDN launch
Related: Singapore set to become first port in the world to debut electronic bunker delivery notes

 

Photo credit: ZeroNorth
Published: 12 April 2024

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Technology

TFG Marine achieves first digitalised bunker fuel delivery with e-BDN in Singapore

Firm’s team supplied VLSFO bunker fuel to Pacific Basin Shipping’s “Illovo River bulk” carrier, marking the first of four bunkering deliveries this month where e-BDN has been successfully deployed.

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TFG Marine achieves first digitalised bunker fuel delivery with e-BDN in Singapore

TFG Marine, the international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, on Tuesday (5 November) announced its first digitalised marine fuel delivery in Singapore using electronic bunker delivery notes (e-BDNs).

In early November, at the Port of Singapore, its team supplied VLSFO bunker fuel to Pacific Basin Shipping Limited’s Illovo River bulk carrier, marking the first of four bunkering deliveries this month where this new technology has been successfully deployed.

“After months of collaboration with SGTraDex and ZeroNorth, this milestone represents a significant leap in transforming the bunker delivery process—streamlining administrative tasks, enhancing digital documentation and data collection, and contributing to a more efficient and connected bunkering industry,” TFG Marine said in a social media post. 

“We’re especially proud to be pioneering this advanced, end-to-end technology ahead of the Maritime and Port Authority of Singapore (MPA)’s mandatory standards set for April 2025, with plans to expand our rollout to other global locations in the coming months.”

“This initiative not only solidifies TFG Marine’s role as a leader in setting new industry standards but also reinforces Singapore’s position as a premier global bunkering hub.”

Manifold Times previously reported TFG Marine announcing it will introduce ZeroNorth’s e-BDNs solution for its customers in Singapore by the end of the year.

Kenneth Dam, TFG Marine Global Head of Bunkering, made the announcement during the International Trade and Fuel Market Trends panel discussion at the 23rd Singapore International Bunkering Conference (SIBCON).

Related: SIBCON 2024: TFG Marine to launch ZeroNorth e-BDNs in Singapore

 

Photo credit: TFG Marine
Published: 6 November, 2024

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Fuel Testing

China: VPS and Lingang New Area to launch marine fuel testing lab and digital platform

Facility will support the growth of sustainable bunker fuel solutions – including green methanol, LNG, and traditional fuels – providing testing, inspection, and certification services.

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China: VPS and Lingang New Area to launch marine fuel testing lab and digital platform

Marine fuels testing company VPS on Tuesday (5 November) said it joined forces with Lingang New Area to launch a testing lab and digital decarbonisation platform.

On 29 October, VPS signed an agreement with the Lingang New Area Administrative Committee, marking a new chapter in its commitment to cleaner, smarter maritime practices.

“This partnership brings us to the Lingang New Area, where we’ll establish a fuel testing laboratory and a digital platform focused on maritime decarbonisation,” VPS said in a social media post. 

“Our new facility will support the growth of sustainable fuel solutions - including green methanol, LNG, and traditional fuels - providing testing, inspection, and certification services tailored to the evolving needs of the maritime industry.”

VPS added its goal is to drive environmental sustainability by leveraging advanced technology and data insights, helping accelerate the maritime sector’s transition to cleaner fuels and greener operations. 

Photo credit: VPS
Published: 6 November, 2024

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Digital platform

XMAR invites companies to join pilot phase of online bunker trading platform

Early participants will have the chance to help fine-tune the platform while benefiting from features such as 30-day financing and simplified order management.

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XMAR invites companies to test online bunker trading platform during pilot phase

XMAR on Thursday (17 October) announced the launch of the shipping industry's first comprehensive digital bunker trading platform, now in a closed pilot phase. 

XMAR said its AI-powered platform connects users with a network of over 1,500 verified suppliers across 500 global ports, offering a more streamlined experience for bunker fuel procurement. 

“These figures have been sourced and verified through internal data, ensuring reliability and accuracy. With a single enquiry, users receive multiple competitive offers and gain transparency throughout the purchasing process,” it said in a statement. 

Companies can now join the waitlist on xmar.com to experience the platform during the pilot phase. Early participants will have the chance to help fine-tune the platform while benefiting from features such as 30-day financing and simplified order management.

Unlike conventional bunker procurement platforms, XMAR said the platform is designed to offer more than just data. 

The platform enables users to submit one enquiry and receive multiple competitive offers, significantly reducing the effort involved in coordinating with multiple suppliers. A live chat feature is available for each order, allowing users to receive prompt responses and real-time support.

“XMAR provides full transparency and control over the bunker purchasing process,” said Christoph Stork, CEO of XMAR. 

“Users can manage their orders, documents, and payment deadlines with ease while having access to 1,500 suppliers across 500 ports worldwide. This ensures that users find the best deal and have visibility throughout their order's lifecycle.”

XMAR uses advanced AI tools to enhance accuracy in the trading process, providing users with predictive data and performing checks to ensure reliable transactions. 

“Our AI-driven tools help users make well-informed decisions and enhance the efficiency of their trades,” Stork added. “We are continuously refining these capabilities to offer even more advanced features in the future.”

Note: More information on XMAR and the waitlist can be found here.

 

Photo credit: XMAR
Published: 23 October 2024

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