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Singapore trials blockchain for LNG bunkering

Blockchain technology has the potential to automate LNG bunkering operations, saving time and money for LNG suppliers and port operators Blockchain technology has the potential to automate LNG bunkering operations, saving time and money for LNG suppliers and port operators
By Sally Bogle 2 hours ago Asia Pacific / LNG 0 34387
An LNG tanker docked at Singapore's terminal. (Shell)

As the global LNG market evolves, the use of new online technologies and peer-to-peer trading platforms is becoming more prevalent as a means of streamlining and accelerating transactions and making operations more efficient.

With LNG’s use as a shipping fuel set to take off from 2020 as operators comply with tougher restrictions on the sulphur content of marine fuel – as required by the International Convention for the Prevention of Pollution from Ships (MARPOL 2020) – LNG bunkering companies are increasingly looking at using technologies such...