Singapore to mandate digital bunker notes starting April 2025


FILE PHOTO: Cranes operate above a container ship docked at Singapore port November 2, 2015. REUTERS/Tim Wimborne/File Photo

SINGAPORE (Reuters) - Marine fuel suppliers at Singapore, world's largest bunker hub, will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025, Amy Khor, Singapore's senior minister of state for transport, said at the SIBCON 2024 conference.

The move aims to streamline ship fuelling, or bunkering, processes by making data sharing between buyers and sellers more efficient and transparent, saving the industry close to 40,000 man-days per year and reducing the risk of fraud.

The announced mandate followed pilot trials with various bunker suppliers since November 2023.

Singapore will be the first port globally to implement digital bunkering at scale for all bunker operations, according to the Maritime and Port Authority of Singapore.

(Reporting by Jeslyn Lerh; Editing by Christian Schmollinger)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Are you tracking your health with a device? Here's what could happen with the data
US judge rejects SEC bid to sanction Elon Musk
What's really happening when you agree to a website's terms of service
Samsung ordered to pay $118 million for infringing Netlist patents
Sirius XM found liable in New York lawsuit over subscription cancellations
US Supreme Court tosses case involving securities fraud suit against Facebook
Amazon doubles down on AI startup Anthropic with another $4 billion
Factbox-Who are bankrupt Northvolt's creditors?
UK should use new powers to probe Apple-Google mobile browser duopoly, report says
EU regulators scrap probe into Apple's e-book rules after complaint was withdrawn

Others Also Read