VPS, the world’s leading marine fuel testing company, and BunkerTrace, the leading solution for physically and digitally tracing marine fuel, today announced a new strategic partnership. This partnership will see VPS bring to market BunkerTrace’s ground-breaking, innovative forensic technology – starting with the launch of its Sample Assurance product.
The agreement represents a significant step for the improvement in traceability and transparency across the global marine fuel sector. As such, VPS will now provide a variety of new services to its customers – powered by BunkerTrace’s ground-breaking blockchain and synthetic DNA technology.
As these new services are rolled out, they will allow for greater efficiency across the bunkering supply chain, peace of mind in ensuring customer compliance, drastically reduce the risk of delays and disputes, support ESG objectives, and protect customers’ reputation.
BunkerTrace’s Sample Assurance product is a tamper-proof embedded seal which is added to the sample cubitainer during a VPS Bunker Quantity Survey. Using the BunkerTrace mobile app, VPS surveyors digitally record the event to prove sample provenance and integrity. In the event of a dispute, the seals carry a unique code, only detectable with a BunkerTrace detection unit in a VPS lab where the sample will be checked for integrity.
Physically tagging and digitally tracing the collected samples prevents contamination and tampering, assuring the quality of the samples as evidence. This enables a clear chain of custody and conclusive evidence to authenticate representative fuel samples.
Steve Bee, Group Commercial & Business Development Director VPS, commented: “The shipping industry, like every other sector, is in the midst of a digital transformation. On top of that, there are also increasing demands for improved governance and greater transparency. In partnering with BunkerTrace, VPS is able to meet both those demands head-on; leading the transition on the global marine fuel market into an age of more assurance, trust and transparency.”
Deanna MacDonald, Co-founder & CEO of BunkerTrace, commented: “BunkerTrace’s technology is genuinely ground-breaking in terms of its ability to physically tag and digitally trace marine fuel samples – underpinned by innovative blockchain and synthetic DNA technologies. What we needed was a partner that understands the growing need and demand for digital tracing and tracking services, but also has global reach, and shared ideals. In VPS we have found that, and we’re excited to see where we can take this partnership.”
Source: Hellenic Shipping News