Equatorial Marine Fuel, CMS, SGTraDex link decarbonisation and digitalisation solutions in milestone bunker transaction
SGTraDex platform used by EMF and CMS to exchange carbon credits and Proof of Sustainability certificates for a bunker fuel transaction.
Singapore bunker supplier Equatorial Marine Fuel Management Services (EMF), commodities decarbonisation platform Carbon Management Solutions (CMS), and the Singapore Trade Data Exchange (SGTraDex) on Monday (6 November) entered into a collaborative milestone for a bunker fuel transaction.
The development saw EMF utilising SGTraDex’s data highway to exchange necessary digital documents such as bunker delivery note (BDN), Proof of Sustainability (PoS) and meter readings from the bunker tanker’s mass flowmeters via the Internet of Things to the cloud for inspection by CMS.
In return, CMS issued carbon credits and a proof of sustainability certificate for the bunker stem to EMF via the SGTraDex platform.
“We are constantly seeking improvements in creating a highly connected future for bunker business. This exercise further showcases the efforts with our partners in creating a decarbonised digital collaboration that further differentiate us.” Choong Zhen Mao, Executive Director of EMF, told Manifold Times.
There is a natural synergy between decarbonisation and digitalisation, noted Collin Ng, Chief Technology Officer of EMF: “Globally, we are moving into an era where being digital is no longer an option if we are to stay relevant. We are constantly re-designing and building on our foundations to allow us to adapt and to grow while being sustainable through technology. This collaboration with our partners affirms our capabilities and we hope to be able to extend this to our customers and future partners.”
“At CMS, we believe that the convergence of digital technology and environmental responsibility is pivotal. Our partnership with EMF and SGTraDex exemplifies our dedication to creating a more environmentally friendly and efficient supply chain for bunker fuel.” Anthony Bennett, Chief Operating Officer of Carbon Management Solutions.
Kelvin Ling, Head of Operations & Business Development added: “We are honoured to serve as the connective data highway for this transformative transaction. This exchange exemplifies the potential technology can play in driving sustainability in the sector. We hope this success continues to serve as a call to partners to embrace digitalisation for a cleaner and efficient maritime sector.”
Manifold Times in July reported EMF completing a carbon credit transaction with CMS. The purchase, conducted through a collaboration between CMS and carbon credit exchange Xpansiv, was for ‘lower carbon’ marine fuel oil which was used to partially offset clients’ vessel emissions.
EMF in June 2022 said it has connected one third of its bunker tanker fleet to the SGTraDex platform.
Launched on 1 June 2022, SGTraDex is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner.