This initiative is designed to enhance the efficiency and transparency of the ship fueling, or bunkering, process by facilitating better data sharing between buyers and sellers. It is expected to save the industry nearly 40,000 man-days annually and mitigate the risk of fraudulent activities.
The new requirement comes after successful pilot trials conducted with various bunker suppliers since November 2023.
According to the Maritime and Port Authority of Singapore, this will make Singapore the first port in the world to implement digital bunkering on a large scale for all bunker operations.