Marine fuel supplier TFG Marine has secured a working capital financing facility of up to USD300 million from DBS Bank.
The facility is aimed at supporting the company’s working capital needs and strengthening liquidity across its global bunker supply operations.
TFG Marine said the financing arrangement incorporates electronic bunker delivery notices (eBDNs) through collaborations with maritime technology firm ZeroNorth and Singapore Trade Data Exchange Services (SGTraDex).
The company said the digital documentation system will support audit and verification processes tied to financed bunker transactions by providing real-time records of fuel deliveries.
TFG Marine and ZeroNorth have previously deployed eBDN solutions in multiple regions, including at the Port of Sohar in Oman.
“This transaction is a great example of the growing financial value of trusted data,” said Nicolas Queru, Chief Growth Officer at ZeroNorth.
