Singapore Set to Launch Digital Bunkering Initiative in 2025
CronkBot1.0 Summary NewsSingapore, a leading global maritime hub, is embracing the future of shipping by mandating digital bunkering processes starting in April 2025. This significant move aims to enhance efficiency and transparency in the fuel supply chain at the world's busiest bunkering port.
- The Maritime and Port Authority of Singapore (MPA) announced that all bunker deliveries will transition to the Mass Flow Metering (MFM) system using digital processes from April 2025.
- This initiative aligns with Singapore's objective to set industry benchmarks in maritime digitalization, enhancing accountability and minimizing discrepancies in fuel transfer activities.
- The decision follows successful trials and consultations with stakeholders, including oil majors, bunker suppliers, and shipping lines, securing their support for the transition.
- The digital bunkering mandate demonstrates Singapore's leadership in setting international standards, with MPA leading the initiative.
- The timeline leading up to the implementation includes preparatory measures and stakeholder engagement phases designed to ensure seamless integration and compliance by the stipulated 2025 deadline.
- This transformation will not only benefit the environment with more accurate fuel measurements but also offer cost-effectiveness and better regulatory compliance for industry participants.
Singapore, a leading global maritime hub, is embracing the future of shipping by mandating digital bunkering processes starting in April 2025. This significant move aims to enhance efficiency and transparency in the fuel supply chain at the world's busiest bunkering port.
- The Maritime and Port Authority of Singapore (MPA) announced that all bunker deliveries will transition to the Mass Flow Metering (MFM) system using digital processes from April 2025.
- This initiative aligns with Singapore's objective to set industry benchmarks in maritime digitalization, enhancing accountability and minimizing discrepancies in fuel transfer activities.
- The decision follows successful trials and consultations with stakeholders, including oil majors, bunker suppliers, and shipping lines, securing their support for the transition.
- The digital bunkering mandate demonstrates Singapore's leadership in setting international standards, with MPA leading the initiative.
- The timeline leading up to the implementation includes preparatory measures and stakeholder engagement phases designed to ensure seamless integration and compliance by the stipulated 2025 deadline.
- This transformation will not only benefit the environment with more accurate fuel measurements but also offer cost-effectiveness and better regulatory compliance for industry participants.
