Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Testing begins on bunker fuel blockchain

Maritime Blockchain Labs (MBL), a partnership between Lloyd’s Register Foundation and BLOC to explore the use of blockchain for the maritime industry, has announced its first demonstrator project, a fuel provenance register that aims to provide trusted information about fuel origin, journey and characteristics.

{mprestriction ids="1,2"}The latest phase of the project will involve the further development and scaling of the system, capturing fuel deliveries and associated verified data into the blockchain. It is intended that this will be undertaken by a consortium formed of ship owners or operators, fuel suppliers, port authorities and a fuel testing body.

MBL’s platform provides a chain of custody on quality and quantity documentation points for stakeholders within the supply chain, using Hyperledger Fabric blockchain technology. MBL says that it is now inviting interest from stakeholders within its target groups to join and co-sponsor this next phase of work, expected to begin from January 2019.

A prototype of the digital fuel assurance system was developed earlier in 2018 together with a consortium including the International Bunker Industry Association (IBIA), LR’s FOBAS team, Bostomar, Heidmar, BIMCO, Goodfuels and Precious Shipping. The demonstrator phase of the project was funded by Lloyd’s Register Foundation.

Testing in a simulated environment with the consortium was conducted in September 2018, with the demonstrator closing with the prototype being used for the manual capture of the world’s first end to end fuel transaction on a blockchain in the Port of Rotterdam.

“The recently concluded MEPC73 showed us that there are still burning questions about the availability of compliant fuels post-2020 – and the current epidemic of bad bunker, as it’s been called by Intertanko and others, shows that building traceability and trust in the marine fuels supply chain is one of the most vital issues facing shipping right now,” said Deanna MacDonald, CEO of BLOC.

“Our demonstrator phase has shown us that dealing with marine fuels’ quality and quantity assurance is an industry wide issue, and that the industry is looking to work together to solve this issue. We’ve built something that, for the first time, will allow stakeholders across the global shipping industry to verify and validate transactions across the fuels supply chain.”{/mprestriction}

Related items

  • Interview: StormGeo launches vessel and voyage optimisation suite

    Norwegian weather service provider StormGeo has today launched s-Suite, an all-in-one platform to optimise time, fuel, and vessel performance. Ahead of the launch, Digital Ship spoke with Kim Sørensen, StormGeo’s chief operating officer for Shipping to gain insight into how the suite will facilitate better vessel performance and enhance ship-to-shore cooperation.

  • Fuel choice the essential decision in shipping's decarbonisation, finds DNV GL

    DNV GL – Maritime has released the fourth edition of its Maritime Forecast to 2050. The purpose of Maritime Forecast to 2050 is to enhance the ability of shipping stakeholders, especially shipowners, to navigate the technological, regulatory and market uncertainties in the industry, and set shipping on a pathway to decarbonisation. It is based on a library of 30 scenarios which project future fleet composition, energy use, fuel mix, and CO2 emissions to 2050. Sixteen different fuel types and 10 fuel technology systems are modelled in the report.

    “The grand challenge of our time is finding a pathway towards decarbonisation,” said Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Reducing GHG emissions is rapidly becoming the defining decision-making factor for the future of the shipping industry. The pressure to act decisively is mounting. Perfect is the enemy of good, and so we mustn’t wait for an ideal solution to arrive and risk making no progress at all. Using a wide range of scenarios involving different fuel types and technologies, and varying degrees of regulatory pressure, our new report helps to map a way forward, offering shipowners clear insights on how to meet the challenges and opportunities ahead.”

    The Maritime Forecast identifies the choice of fuel as the essential factor in decarbonising shipping. The industry is at the beginning of a transition phase, with many potential options emerging alongside conventional fuels. This increasingly diverse fuel environment means that engine and fuel choice now represent potential risks that could lead to a stranded asset. Factoring in the impacts of availability, prices and policy, on different fuels, makes the choice even more complex.

    To capture this complexity and help make this picture clearer the Maritime Forecast offers a wide range of scenarios, outlining the potential risks of a particular fuel choice. To make the ramifications concrete, alongside the pathways, the Maritime Forecast includes detailed analysis of a Panamax bulk carrier newbuilding. By stress testing technology decisions under the various pathways and scenarios, the Forecast presents potential performance and the carbon robustness of the various design choices.

    The 30 scenarios result in widely different outcomes for the fuel mix in the fleet. In the scenarios with no decarbonization ambitions, very low sulphur fuel oil, marine gas oil and LNG dominate. While under the decarbonization pathways, in 2050 a variety of carbon-neutral fuels holds between 60 per cent and 100 per cent market share.

    Under the decarbonisation scenarios it is hard to identify clear winners among the many different fuel options. Fossil LNG gains a significant share until regulations tighten in 2030 or 2040. Bio-MGO, e-MGO, bio-LNG and e-LNG emerge as drop-in fuels for existing ships. By 2050, E-ammonia, blue ammonia and bio-methanol frequently end up with a strong share of the market and are the most promising carbon-neutral fuels in the long run.

    A surprising result from the model is the relative limited uptake of hydrogen as a ship fuel, as a result of both the estimated price of the fuel and the investment costs for the engine and fuel systems. Hydrogen, however, plays an integral role as a building block in the production of several carbon-neutral fuels such as e-ammonia, blue ammonia and e-methanol, all of which gain significant uptake under the decarbonization pathways. It may also find niche applications in some vessel types, such as ferries and cruise vessels, as well as in specific regions where investments have been made into local production and distribution.

    The Maritime Forecast to 2050 is part of a suite of Energy Transition Outlook (ETO) reports produced by DNV GL. The ETO has designed, expanded and refined a model of the world’s energy system encompassing demand and supply of energy globally, and the use and exchange of energy between and within ten world regions.

    The full Maritime Forecast to 2050 can be downloaded here.

  • LR and the National Physical Laboratory partner on marine autonomy assurance

    Lloyd's Register (LR) and the UK’s National Physical Laboratory (NPL) have teamed up to collaborate on marine autonomy projects to ensure that appropriate levels of service and competence can be achieved within the maritime industry.

    As part of the framework agreement, the two organisations will collectively establish and enhance the current body of knowledge for marine autonomy. This combination of skills, expertise and experience will be built on to bring clarity to the requirements for the assurance of autonomy and assist stakeholders in realising the potential of these systems in the market.

    This will allow standards to be set and consistently applied and will therefore bring surety to risk management and certification for autonomous and unmanned systems and vessels.

    By partnering with NPL, LR will enhance the delivery of its services and assurance in marine autonomy and gain access to a wide range of knowledge and expertise developed in other aligned domains.

    LR and NPL are currently working together to deliver a scope of services to the THEMIS Project, to demonstrate the feasibility for the world’s largest ocean-going autonomous vessel, which is part funded by the Maritime and Port Authority of Singapore’s (MPA) Maritime Innovation and Technology (MINT) fund.

    NPL’s head of Digital, Neil Stansfield, said: “The National Physical Laboratory (NPL) is excited by the opportunities presented in this collaboration with Lloyd’s Register, where the two organisations complementary capabilities are well suited to addressing the challenge of assuring marine autonomous systems. This work represents an important part of the UK’s national programme to deliver confidence in the intelligent and effective use of data, which is being conducted with a range of partners across sectors and with a specific focus on autonomous systems. NPL is applying a combination of measurement skills, expertise and experience, in areas as diverse as sensor characterisation, data quality and AI validation, to support partners in the development of new tests, standards and regulations for the safety of autonomous systems. This collaboration with Lloyd’s Register will help ensure the UK maintains its global leadership in the marine services Sector, where the autonomous shipping sector is expected to represent a global $52bn market opportunity by 2050.”

    Tim Kent, LR technical director for Marine and Offshore said: “This collaboration with the NPL will allow LR to improve our own processes, knowledge and competency to better support our clients with marine autonomy projects. We are delighted to be partnering with NPL given its domain knowledge on autonomy from the connected and autonomous vehicles (CAV) and unmanned aerial vehicle (UAV) domains.”

  • LR awards Digital Twin ready certification to Furuno HermAce

    Furuno Hellas has been awarded Digital Twin Ready certification from Lloyd’s Register (LR) for HermAce, a smart onboard system that collects and monitors data on bridge navigation and communication equipment, actively supporting remote troubleshooting and problem rectifications.

  • ShipChain launches solution to improve supply chain transparency

    ShipChain has launched a new solution called ShipChain Mainnet to help drive complete supply chain transparency, improve security and the transactional capacity to serve the needs of the largest Fortune 500 and Global 500 companies.

    This launch is a significant milestone toward achieving a modular system across the entire supply chain. It gives supply chain decision-makers the incentive to move from considering how blockchain might be used in global supply chains to realising its evident promise across transport modes and continents.

    “Put simply, we can now fully deliver on blockchain's promise to enable those in the business of trade and logistics to do business with anyone or anything in the world at any transaction size and without an intermediary,” said John Monarch, CEO of ShipChain.

    U.S.-based ShipChain provides an end-to-end logistics platform that delivers full visibility to the global supply chain via the blockchain platform, Ethereum, with a sidechain built on Loom for scalability.

    The launch of ShipChain Mainnet, a public delegated Proof of Stake sidechain of the Ethereum network, means that ShipChain’s blockchain system is now fully developed and deployed, with blockchain transactions now being broadcast, verified, and recorded with full transparency.

    “ShipChain Mainnet vastly increases our transaction capacity, which is essential in an industry such as transportation and logistics,” said Mr Monarch. “This means ShipChain can now support the supply chain tracking and transaction needs of the largest Fortune 500 and Global 500 level enterprises in the world, with capabilities that significantly exceed other alternatives.

    “And this is supported by our Track and Trace blockchain-based system, which brings complete transparency and visibility to the supply chain.”

    ShipChain Mainnet reduces costs by avoiding the congestion and higher pricing users encounter when using the Ethereum mainnet. It also moves the cost of deployment and contract use away from end-users, simplifying and improving the blockchain user experience.

    ShipChain Mainnet also uses a public blockchain rather than a private blockchain. “The lack of trust across companies and actors in shipping today partly stems from a fractured environment - there are no unified systems to truly bring the industry together on one independent platform without competitive risk,” said Monarch. “We believe a public blockchain is safer than operating on a private network controlled by competitors. ShipChain Mainnet provides a protected, permanent ledger of transactions that everyone has their eyes on all at once.

    “That doesn’t mean everyone knows exactly what you’re doing - corporations can still preserve privacy on public blockchains very easily. It just increases trust between your company, suppliers, vendors, and even regulatory bodies if needed.

    “ShipChain’s public blockchain ecosystem also removes the risk of antitrust legal threats, as well as creating a level playing field for all involved.”

    Another benefit of ShipChain’s Mainnet launch is the opportunity it gives to developers to build on top of the ShipChain platform rather than directly on the Ethereum blockchain. This opens up new possibilities for digital freight marketplaces using smart contracts, tokenized inventory management, and robust document management.

    “ShipChain will continue to develop for and enhance the offerings on the Mainnet and encourages others to develop and work collaboratively to make it better and more secure every day,” added Mr Monarch.

    ShipChain has key partnerships with firms including ScanLog, CaseStack, Zinnovate, ParcelLive, KeepTruckin, DistiChain, GTX Corp, and the World Economic Forum. More key partners will shortly be announced.

    “We’ve had a steady flow of new partners, and we hope to be able to announce more soon, including an upcoming deal with a significant Global 500 company, which will significantly expand our modular capabilities even further. We are very excited to begin this next chapter and watch the logistics industry fully embrace the public blockchain.”

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2020 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy

x