
Leading marine fuel buyers and suppliers developed the Initiative to deliver unprecedented levels of accountability and efficiency.
A group of leading companies officially launched the Bunkering Services Initiative (Initiative) across Amsterdam–Rotterdam–Antwerp (ARA) ports with operations having been conducted since December 1, 2025.
The Initiative, which is voluntary and open to any third party, introduces a new gold standard of bunkering operations with technology-enabled, verifiable, and traceable insights into fuel quantity and quality to bring greater transparency and efficiency to participating companies and to help address long-standing problems across the industry.
Founding participants, from both the buying and supplying sides of the ARA bunker market, together account for a meaningful share of activity in the region and include: bp Marine, Cargill, Frontline, Hafnia, Hapag‑Lloyd, Mercuria, Minerva Bunkering, Oldendorff, Trafigura, TFG Marine, Unifeeder, and Vitol, as well as other significant industry players. Lloyd’s Register will act as system auditor carrying out checks on barges, while ADP Clear Pte Ltd will be its technology partner for multi-party workflows, real-time reporting and verifiable performance metrics.
The launch ceremony, which took place at the headquarters of Lloyd’s Register (LR) in London, marks the start of operations for a system designed to deliver unprecedented levels of transparency, accountability, and efficiency in one of the world’s largest marine fuel hubs. It was attended by representatives from the founding companies, new participants, port authorities, and other industry stakeholders, demonstrating the scale and significance of this uniquely cross-industry and collaborative approach.
Following its unveiling in July 2025, the Initiative’s supplier participants have onboarded bunker barges, installed Internet-of-Things (IoT) enabled hardware, and had crew trained in the Initiative’s protocols and mass flow meter (MFM) operational best practices.
All bunker barges have certified MFMs installed and integrated with ADP Clear’s hardware and software to allow seamless, real-time data capture. Every vessel has met LR’s qualification requirements and will remain subject to unannounced compliance inspections of the MFM system, piping, and seals.
The major fuel testing companies are providing laboratory results directly into the platform providing buyers with visibility into fuel quality from every sample drawn from each parcel of fuel from shore tank through final delivery, as required by the BSI standards.
Andy Mckeran, LR’s Chief Growth Officer, said: “LR has always championed innovation that strengthens confidence in the maritime industry, and this Initiative is a natural progression of that commitment. By combining advanced technology with independent assurance, we are helping to deliver a new level of transparency and trust that supports safe, efficient and future-ready fuel operations.”
Jens Maul Jorgensen, Director of Bunker Purchasing at Oldendorff, said: “We welcome the introduction of the Bunkering Services Initiative and the opportunity it creates for greater transparency and cooperation between buyers and suppliers in the ARA region. We look forward to working with our partners to ensure safe, efficient and reliable bunkering operations,”.
Kenneth Dam, Executive Director and Global Head of Bunkering at TFG Marine said: “Since 2021, the industry has advocated for ISO 22192 standards for MFM implementation in the Ports of Antwerp and Rotterdam, set for January 2026. The BSI launch represents a decisive step by suppliers committed to eliminating market distortions, whilst aligning standards as closely as possible with Singapore. The BSI provides a strong framework for integrity, efficiency and compliance across international markets.”
Tyler Baron, CEO of Minerva Bunkering said: “The BSI combines standardization, technology, and regulation to create a level playing field with robust competition on the basis of service quality and cost competitiveness.”
Simon Lock, Head of Technology at ADP Clear said: “By integrating mass flow meters, blockchain workflows, and live reporting into a single platform, we’ve created a seamless chain of transparency. This level of visibility in bunkering has simply not existed before.”
Related News.
September 25, 2026
ISLAND OIL: Unveiling of the Sculpture “Cyprus’s Journey Through the Ages” in Protaras – A Tribute and Landmark to Cyprus’s Historical Memory and Cultural Heritage
In a modest ceremony marked by a moving atmosphere, the sculpture “Cyprus’s Journey Through the Ages”, created by acclaimed Cypriot sculptor…
September 25, 2026
World Maritime Day 2026 from Policy to Practice – powering Maritime Excellence
Global regulations will deliver safer, more resilient shipping when they are implemented worldwide. The international maritime community marks…
September 25, 2026
Diana Shipping announces Time Charter Contract for m/v DSI Polaris with Dai An Ocean Shipping
Diana Shipping , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a…
September 25, 2026
Chief Economists Expect Global Economy to Stabilize, but Fiscal Constraints, Rising Living Costs and AI Investment Uncertainty Threaten Growth
The global economy is stabilizing, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year…
September 25, 2026
V. welcomes its new graduate cohort as programme expands across the group
Twelve graduates from nine nationalities join 11th year of V.’s expanded international management programme. V., the global ship manager and marine…
September 25, 2026
From Policy to Practice: Why Seafarers Are the Key to Maritime Excellence
The shipping industry is no stranger to regulation. Seafarers and ship operators work within a vast framework of international conventions, national…
September 25, 2026
Intermodal Report – Week 38 2026
Please find below the Intermodal market report for week 38 2026. Intermodal Report Week 38 2026 Market Insight By Nikos Tagoulis, Head of…
September 25, 2026
Allied – Weekly Market Review – Week 38
Please find below the Allied Weekly Report for Week 38 | 2026 ALLIED - Weekly Market Report- Week 38
September 25, 2026
Record year on the Northeast Passage but Arctic shipping remains very limited
In 2025, a record 103 transit voyages were made via the Northeast Passage. However, this is still equivalent to only around a day and a half of…
September 25, 2026
[xclusiv] S&P Report 21th September 2026
Please find below the [xclusiv] latest Weekly S&P Report [xclusiv] 2026_09_21 Market Commentary: VLCCs: Freight Boom Reprices the Fleet The VLCC…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























