TFG Marine, Trafigura’s bunker fuel supply business with John Fredriksen’s Frontline and Alex Saverys-led CMB.TECH has secured a working capital facility of up to $300m from DBS Bank, boosting liquidity as it scales up operations and pushes further into digitalised fuel supply.

The financing is aimed at supporting day-to-day trading activity and bunker deliveries, with the company tying the facility to its growing use of electronic bunker delivery notes (eBDNs) — a move that reflects a wider shift towards data-backed transactions in the marine fuels space.

Under the structure, eBDNs generated through collaborations with ZeroNorth and Singapore Trade Data Exchange Services (SGTraDex) will provide real-time, verifiable records of fuel deliveries. That gives lenders clearer visibility over underlying trades while reducing paperwork and operational friction.

TFG Marine has already been rolling out eBDNs across multiple regions, including an early deployment in the Middle East at the Port of Sohar in Oman. The latest deal builds on that work, pushing digital delivery records into the core of trade finance rather than leaving them as a back-office function.

Chief financial officer Bennett Pekkattil said the agreement highlights growing recognition from financial institutions of the need for transparency in bunker markets, adding that wider use of digital documentation could improve both efficiency and resilience across supply chains.

DBS, for its part, framed the transaction as a step forward in digital trade finance, pointing to the benefits of improved data integrity, reduced risk and faster access to working capital.

TFG Marine, formed in 2020, supplies more than 10m tonnes of marine fuel annually across 35 key bunkering locations worldwide.