MEDIA RELEASETECHWAVES: CELEBRATING MARITIME INNOVATION AND COLLABORATION
Singapore, February 23, 2024 – TechWaves, a Maritime Conference hosted by SGTraDex,
marked a significant milestone in the digital transformation of the maritime industry. Held onFebruary 23, 2024, the event showcased the achievements of SGTraDex in revolutionisingtrade and supply chain digitisation, positioning Singapore as a global maritime hub in thedigital economy.
Deputy Prime Minister and Coordinating Minister for Economic Policies, Mr. Heng SweeKeat, was the Guest-of-Honour. DPM Heng’s speech can be found here.
Mr. Tan Chin Hwee, Chairman of SGTraDex Services said, “SGTraDex is an ambitious
initiative formed by the public and private sector coming together to tackle the difficult
challenge of supply chain digitisation collaboratively and collectively. In the last 2 years,
SGTraDex has worked with diverse players across the maritime ecosystem to drive
digitisation, catalyse innovation and create change at scale. We are grateful to the partners
across the maritime industry and government who have come along with us on this journeyand experienced the tangible benefits first-hand. Geopolitical, technological andenvironmental realities have made this the right time to embrace digitalisation and westrongly encourage all companies to join us on this journey.”
SGTraDex emerged from the Alliance for Action (AfA) on Supply Chain Digitalisation,anchored through a public-private partnership with the IMDA as well as key industry
participants. It serves as a digital enabler for Singapore's maritime industry, facilitating
connectivity across diverse stakeholders including traders, shipping lines, bunker suppliers,
ports, terminals, financial institutions, and the Singapore Government. SGTraDex supports
the Maritime and Port Authority of Singapore’s (MPA) broader push in the adoption of digitalsolutions to encourage better data flows across different ecosystems.
Mr. Teo Eng Dih, MPA Chief Executive said, “Singapore is the first port in the world toimplement eBDNs. As the world’s largest bunkering hub, the potential to improve overall
efficiency and transparency in the bunkering sector and help companies access finance,
enabled by the secure exchange of electronic documentations, is immense. Since the launchof the MPA’s digital bunkering initiative in November 2023, we have approved four solution
providers for digital bunkering. MPA looks forward to bring on board partners, like SGTraDex,
to maximise the potentials of these digital solutions.”
The event also featured addresses by maritime industry leaders and stakeholders.
Singapore Standards Council (SSC) shared an upcoming standard focused on the1digitalisation of bunkering supply chain documentation, while Equatorial Marine FuelManagement Services (“EMF”) shared their journey with eBDNs and the future of digitalbunkering. Jurong Port Universal Terminal (“JPUT”) and Jurong Port outlined their respective
initiatives on smart terminals and ship supplies digitisation.
Mr. Tan Sian Lip, Co-Convenor for the Working Group on Electronic Documentation for
Bunkering said, “It is important for us to adopt a holistic approach to drive the digitalisation of
the maritime sector, which must include the development and implementation of robust
standards and to ensure interoperability between different systems. That is why theSingapore Standards Council is working closely with various industry stakeholders tointroduce a new standard for digital bunkering documents, and help business adopt moresecure and efficient reporting processes. The standard will be open for public feedback in
the next few months, and we encourage all industry players and relevant businesses toshare their inputs on the draft standard.”
A panel discussion moderated by the International Chamber of Commerce explored thepaperless future of maritime, focusing on key documents such as electronic Bills of Lading,
Bunker Delivery Notes, and Delivery Orders. A diverse group of panellists from Singapore
Standards Council, EMF, JPUT, Blackstone & Gold and SMU deliberated on strategies toexpedite the industry's transition towards digitalisation, the impact of digitisation on theirrespective organisations and institution as well as the implications for those employed in
Singapore’s maritime and trade finance sectors.
The event also witnessed the signing of Memoranda of Understanding (“MOUs”) highlighting
shared interests in digital transformation:
PIL- Collaboration with Suppliers on Digital Bunkering: Pacific International Lines (“PIL”),
together with SGTraDex have signed three separate MOUs with PIL’s bunker suppliers
including TFG Marine, KPI OceanConnect and bp respectively. The MOUs pave the way for
PIL and SGTraDex to explore opportunities with each bunker supplier in bunkering supply
chain digitalisation, furthering the adoption of eBDN solutions and enhancing the bunkering
ecosystem. PIL, a shareholder of SGTraDex, also recently announced that they were thefirst shipping line to complete full integration with SGTraDex.
Mr. Chia Yujin, Head, Sustainability, Decarbonisation and Marine Fuels, Pacific International
Lines, said, “As an early adopter of the technology, PIL believes that SGTraDex can improveefficiency and reliability of transactions in the marine fuels market. Through our efforts andclose collaboration with our trusted partners, we now have in place all the digital enablers toadopt SGTradex as a solution to simplify transactional processes with our stakeholders in
the marine fuel value chain. With the confidence and convenience that SGTraDex can bring2

to buyers of marine fuels, we look forward to seeing more bunkering hubs adopting thissolution, thereby paving the way for a more efficient maritime ecosystem.”
Frontline and Golden Ocean- Collaboration with Suppliers on Digital Bunkering: TFG Marine,a leading bunker supplier signed an MOU with shipping lines Golden Ocean and Frontline
committing to advancing adoption of eBDNs and related documents for their bunker
deliveries in Singapore alongside SGTraDex.
Transition of Chrysalis into an ecosystem tool for voyage planning: PSA Marine, Advario, andSGTraDex announced an agreement to optimise voyage and terminal operations efficiency
for liquid bulk vessels in the Port of Singapore. PSA Marine, Advario and SGTraDex intend tocollaborate on the Chryalis tool in order to support ecosystem-wide adoption, and enableenhanced connectivity through integration with the SGTraDex platform.
Mr. Jimmy Koh, Head of Pilotage and Digital Transformation, PSA Marine said, “PSA Marine
is excited to leverage its digital platform, ONEHANDSHAKE™ to collaborate with all
stakeholders in Asia’s leading oil trading hub. As a global marine services provider and thesole pilotage service provider in Singapore, PSA Marine fully supports the Maritime and Port
Authority of Singapore Just-in-Time initiatives towards faster ship turnaround time andoptimisation of port resources.” Find out more about PSA Marine here.
Mr. Andy Loh, VP Commercial, Advario SEA, said, “Advario is committed to recognising thecrucial role of the storage industry in ensuring energy security and driving the energy
transition forward. We are dedicated to enhancing Singapore's position as a maritime anddigital hub. We believe that with PSA Marine joining, visibility within the liquid bulk supply
chain can be revolutionised, fostering efficiency and sustainability. Our efforts are poised toyield substantial benefits for the Singapore ecosystem, particularly in optimising asset
utilisation, streamlining processes, and fostering trust. We eagerly anticipate continued
collaboration with PSA Marine and SGTraDex, as well as the opportunity to engage ourcommodity trading partners in this transformative digitalisation journey.”
These MOUs signify a concerted effort towards digital innovation and collaboration within themaritime industry, leveraging SGTraDex's robust connectivity infrastructure.
TechWaves demonstrated the collective commitment of industry stakeholders towards
embracing digitalisation and driving sustainable growth in the maritime sector. SGTraDex
continues to spearhead transformative initiatives, propelling Singapore towards its vision ofbecoming a leading maritime hub in the digital era.
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About SGTraDex
Launched on 1 June 2022, the Singapore Trade Data Exchange (“SGTraDex”) is a digitalutility that facilitates the sharing of data between supply chain ecosystem partners,
streamlining information flows through a common data highway where data can be shared ina trusted, secure and inclusive manner. SGTraDex uses proprietary technology anchoredthrough a public-private partnership model to resolve pain points in supply chain
ecosystems, including a heavy reliance on a paper-based system which lacks efficiency,transparency and sustainability. The move to digitise information will increase productivity
and build supply chain resilience. New efficiencies and opportunities will be unlocked whenecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply
chain. For more information, visit sgtradex.com.

Media Contacts
Alvin Teu
Head of Marketing & Communications, SGTraDex
alvin.teu@sgtradex.com

Photos4

From left: Mr Tan Chong Meng, Vice Chairman, SGTraDex | Mr Tan Chin Hwee, Chairman,SGTraDex | Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for
Economic Policies | Mr Teo Eng Dih, Chief Executive, MPA | Mr Lew Chuen Hong, Chief
Excecutive, IMDA

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Standing from left: Mr Teo Eng Dih, Chief Executive, MPA | Mr Heng Swee Keat, Deputy
Prime Minister and Coordinating Minister for Economic Policies | Mr Tan Chin Hwee,Chairman, SGTraDex
Seated from left: Mr Stephan Jansma, Director, TFG Marine | Mr Kelvin Ling, Chief
Business Development Officer, SGTraDex | Mr Chia Yujin, Head, Sustainability,
Decarbonisation and Marine Fuels, Pacific International Lines | Mr Thomas Lee, Head ofAPAC, KPI OceanConnect

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Standing from left: Mr Teo Eng Dih, Chief Executive, MPA | Mr Heng Swee Keat, Deputy
Prime Minister and Coordinating Minister for Economic Policies | Mr Tan Chin Hwee,Chairman, SGTraDex
Seated from left: Mr Stephan Jansma, Director, TFG Marine | Mr Kelvin Ling, Chief
Business Development Officer, SGTraDex | Mr Jatinder Bhoai, General Manager, Frontline |Mr James Yeap, Head of Technical, Golden Ocean

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Standing from left: Mr Teo Eng Dih, Chief Executive, MPA | Mr Heng Swee Keat, DeputyPrime Minister and Coordinating Minister for Economic Policies | Mr Tan Chin Hwee,Chairman, SGTraDex
Seated from left: Mr Peter Chew, CEO, PSA Marine | Mr Kelvin Ling, Chief Business
Development Officer, SGTraDex | Mr Andres Bereilh, VP Southeast Asia, Advario8