MEDIA RELEASE

SGTraDex enabling sustainable marine fuel transactions
SGTraDex facilitates digital transfer of data for the first biofuel trade between
Chevron and Ocean Network Express (ONE)
21 February 2023 – SGTraDex supported the transaction of bio marine fuel between
Chevron and ONE.
The transfer of 992.2MT VLSFO-B24, Bio fuel in 6 and 7 P and S Deep Tanks took
place on 21 December 2022 between Chevron Pte Ltd and MOL Endowment, avessel operated by ONE.
Accompanying the transaction were also exchange of documents such Certificate ofQuality, Bunkering Sales Confirmation, Bunker Delivery Note, Bunkering Sales
Invoice (Delivery) and supporting documents like Mass Flow Meter (MFM) receipts,
MFM seals checklist, meter recording form and International Sustainability andCarbon (ISCC) Certification, all of which securely exchanged through SGTraDex
between ONE and Chevron.
“With the maritime sector’s drive towards lowering greenhouse gas (GHG)
emissions, we are starting to see accelerated pivots towards a new generation ofalternative sustainable fuels” said Antoine Cadoux, CEO SGTraDex Services.
“ONE is happy to partner SGTraDex and Chevron on this biofuel transaction as italigns with our efforts in digitisation and sustainability. At ONE, we believe thatdigitisation will help the industry be more future ready and efficient. To get there,collaborations across industry players on initiatives like these are important to help
pave the way for a greener future” said Takashi Kase, Senior Vice President ofGlobal Vessel Operations, Fuel and Marine Safety & Quality at ONE.
SGTraDex plays hosts to a broad spectrum of industry players in the maritime
sector, including representation from banks, traders, licensed bunker suppliers,
terminal operators and more. By leveraging on this network, SGTraDex is able to link1

“data islands” – a result of disparaged digitalisation efforts – by allowing participants
to strike up data exchange with one another through a consent-based system.
SGTraDex integrates directly with participants’ own solutions as well key industry
solution providers, which makes for an almost turn-key solution and minimises
disruption to pre-established workflows.
“As a forward-looking data sharing infrastructure, SGTraDex’s scalability andneutrality means we are able to adapt to new workflows rapidly to support pilot
initiatives for companies’ net-zero journey such as this transaction of biofuel between
ONE and Chevron” Antoine said.

2About SGTraDex
Launched on 1 June 2022, the Singapore Trade Data Exchange (SGTraDex) is adigital 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.
SGTraDex uses proprietary technology anchored through a public-privatepartnership model to resolve pain points in supply chain ecosystems including aheavy reliance on a paper-based system which lacks efficiency, transparency andsustainability. 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 Contact
Alvin Teu
Marketing Manager, SGTraDex
alvin.teu@sgtradex.com

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