TFG Marine has signed a USD 300 million working capital facility with DBS Bank, utilizing electronic bunker delivery notices (eBDNs) to enhance transparency and risk management. This landmark deal, supported by ZeroNorth and SGTraDex, establishes a new digital benchmark for marine fuel trade financing.
Singapore | May 6,2026 – TFG Marine, the global marine fuel supply powerhouse, has successfully closed a USD 300 million working capital financing facility with DBS Bank. Beyond the significant liquidity injection, the deal stands as a landmark for the industry by integrating electronic bunker delivery notices (eBDNs) directly into the financing mechanism, driving unprecedented transparency in the marine fuel supply chain.
The facility leverages TFG Marine’s strategic collaborations with maritime tech pioneer ZeroNorth and the Singapore Trade Data Exchange (SGTraDex). By utilizing eBDNs, the partners provide a verifiable, real-time digital record of bunker deliveries, allowing for the seamless audit and verification of transactions financed under the facility.
The Digital Shift: From Optional to Essential
The integration of eBDNs represents a move away from traditional, paper-based “on-request” documentation to a model where financial institutions can access delivery data on-demand. This shift significantly reduces trade friction, mitigates the risk of fraud, and enhances the integrity of data across the bunkering process.
TFG Marine has already proven the scalability of this technology, having recently executed the first eBDN solution in the Middle East at the Port of Sohar, Oman. This latest facility with DBS expands that digital footprint, cementing Singapore’s role as the vanguard of digital bunkering.
Voices of Leadership: The Impact of Transparent Finance
Bennett Pekkattil, CFO of TFG Marine, stated “We are grateful for DBS’ support and encouraged by their recognition of the greater need for digital transparency in the marine fuels industry. We hope that more financial institutions will follow their lead, and we look forward to continuing to develop our digital capabilities in support of more efficient and resilient supply chains. By deploying electronic bunker delivery notices through our collaboration with ZeroNorth and SGTraDex, we continue to advance our transparency and data integrity objectives.”
Terence Yong, Global Head of Sales, GTS at DBS Bank, commented “Through this deal with TFG Marine, we are proud to have championed a further benchmark in digital trade financing. This digital financing solution provides expanded trade capacity, improves transparency and operational efficiency, reduces trade risk and eliminates friction. This is especially relevant to Singapore as the world’s leading bunkering hub.”
Nicolas Queru, Chief Growth Officer at ZeroNorth, noted “This transaction is a great example of the growing financial value of trusted data. Greater transparency can strengthen confidence across the transaction chain and improve access to capital. We are proud to support TFG Marine in demonstrating the tangible financial value digital infrastructure can create.”
Jefferson Wong, CEO of SGTraDex Services, added “This collaboration marks a shift from on-request use of eBDNs to a model where banks can access eBDNs on-demand, paving the way for the digital document to become integral to marine fuel financing. SGTraDex and DEX remain focused on providing the neutral, secure data infrastructure necessary to scale such initiatives.”
Partner Profiles
| Entity | Role in Deal | Key Capability |
| TFG Marine | Borrower / Physical Supplier | Supplies 10M+ metric tonnes of fuel annually across 35 hubs. |
| DBS Bank | Lender | Global leader in digital banking; rated “Safest Bank in Asia” for 17 years. |
| ZeroNorth | Tech Partner | End-to-end optimization platform; reduced 2M tonnes of CO2 in 2025. |
| SGTraDex | Data Infrastructure | Common data highway for secure, interoperable supply chain sharing. |
About DBS
DBS is a leading financial services group in Asia, operating across 19 markets. Headquartered and listed in Singapore, DBS is strategically positioned in the three key Asian axes of growth: Greater China, Southeast Asia, and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest globally.
Recognized for its global leadership, DBS has been honored as the “World’s Best Bank” by Global Finance and Euromoney, and “Global Bank of the Year” by The Banker. A pioneer in digital transformation, DBS has been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. Additionally, the bank has held the title of “Safest Bank in Asia” by Global Finance for 17 consecutive years (2009–2025).
About SGTraDex
Launched in June 2022, the Singapore Trade Data Exchange (SGTraDex) is a digital utility designed to facilitate secure, seamless data sharing across supply chain ecosystems via a common data highway. As a public-private partnership founded by IMDA and industry leaders, SGTraDex addresses critical supply chain challenges such as efficiency, transparency, and interoperability. By streamlining information flows and enabling end-to-end visibility, the platform builds resilience and unlocks new collaborative opportunities for global trade partners.
About ZeroNorth
ZeroNorth is a technology leader dedicated to accelerating the energy transition in global shipping. Its end-to-end optimization platform assists vessel owners, charterers, and bunker suppliers in improving commercial performance while reducing fuel consumption and emissions. By analyzing billions of data points at scale, ZeroNorth delivers actionable insights and millions of optimized voyage recommendations annually. In 2025 alone, the platform helped customers reduce their carbon footprint by nearly 2 million metric tonnes of CO2.
About TFG Marine
TFG Marine is a premier international marine fuel supply and procurement joint venture between global physical commodity trader Trafigura Group and leading ship-owning entities Frontline Ltd and CMB.TECH. Established in 2020, the company delivers modern, streamlined, and transparent bunkering services, managing every stage of the fuel procurement process. TFG Marine supplies over 10 million metric tonnes of marine fuel annually across 35 strategic bunkering hubs worldwide.
Source: TFG Marine