Bunkering: going digital. File Image / Pixabay.
Singapore has put a digitised bunker sector, including the introduction of an electronic bunker delivery note, high up the agenda for its plans for the industry.
The Maritime and Port Authority has set aside $10 million from the Maritime Innovation and Technology (MINT) Fund to support the growth and development of maritime technology start-ups in Singapore.
Other plans to digitise bunkering include the development of a secure system for bunker companies to "automate data submission for regulatory reporting purposes", called digitalBunker@SG.
The authority also wants to find industry partners "to digitalise the bunker purchase and delivery process as well as documentations such as bunker delivery note".
The organisation has launched an open call for joint industry projects "to accelerate the digitalisation of Singapore's bunkering sector'.
The aim of these initiatives is to improve efficiency and to make sure that Singapore keeps its top spot as a global bunkering destination.
"An end-to-end and highly digitalised workflow across multiple stakeholders including customers and financial institutions will improve efficiency and transparency of the bunkering supply chain," the MPA said in a statement.