Across the maritime industry, digital transformation is extending possibilities for collaborative service delivery. TFG Marine is partnering with DBS Bank, Ocean Network Express, Ascenz and the Maritime and Port Authority of Singapore to introduce digitalised bunker financing capabilities that further enhance the transparency and resilience of Singapore’s bunkering sector. Together, we are piloting Singapore’s first real-time bunker delivery financing programme using digital bunker delivery notes (BDNs).
Banks currently rely on physical BDN copies to enable bunker financing. This can take days. Digital BDNs shorten the process to a few hours. Increased transparency for bunker trades is enhancing efficiency and builds trust between banks and shipowners.