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Interview: Singfar International aims to be a leading global player in sustainable shipping and bunkering

Singfar embarks on plans to put it in good stride to support Singapore and global road to maritime decarbonisation by 2030/2050, shares Pai Hong Yao, Managing Director of Singfar.

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Singapore-based independent vessel owning, newbuilding management, and chartering firm Singfar International Pte Ltd (SFI) has plans to become a leading player in sustainable shipping and bunkering in the republic and beyond, learns Singapore bunkering publication Manifold Times.

In May 2021, SFI entered into a memorandum of understanding with Lianyungang Shenghua Shipbuilding Co., Ltd (LYGSH), China, for the joint development and construction of a series of 7,000 dwt liquefied natural gas (LNG) propelled dual fuel (DF) bunker tankers.

Ambitions in Sustainability

“The maritime industry is currently undergoing massive disruptions to achieve the International Maritime Organisation (IMO)’s vision of decarbonisation by 2050,” shares Mr Pai Hong Yao, Managing Director of SFI.

“We believe this impetus and the rapid advancements in maritime technologies will lead to a greater demand for greener and more efficient vessels.”

“At SFI, we strive to build new vessels which not only comply with the latest regulations, but also allow our charterers and buyers to be at the forefront of the sustainability curve.

“As such, we have divested a number of our conventional and older tonnage over the past six months at fairly attractive market valuations. This will allow us to execute our company strategy to build a younger, greener and more efficient fleet.”

According to Pai, SFI’s pipeline of newbuildings, including two IMO Tier-III (USGC approved) scrubber-fitted Suezmaxes and the series of 5+5 LNG DF bunker tankers ordered from LYGSH, demonstrates the company’s commitment to sustainable shipping.

“SFI’s focus on sustainability also aligns well with the Maritime and Port of Singapore (MPA)’s push for the republic to become a leading hub for maritime decarbonisation,” he states.

“We believe our adoption of the latest technologies, coupled with our extensive newbuilding expertise and vessel management, will allow us to contribute meaningfully to Singapore’s maritime sector’s sustainability agenda.”

Commercial Operations

SFI and its subsidiaries, which mainly derive revenue from charter fees, currently own and manage 26 existing crude and product tankers, of which 23 are bunkering tankers. The company has another two Suezmaxes and a conventional bunker tanker in the newbuilding stage, in addition to the 5+5 LNG DF bunker tankers under joint development with LYGSH.

SFI serves a myriad of local and international charterers, ranging from national oil companies, oil majors, to international trading houses. It has further chartered out a number of vessels to various parties on both spot and time charter contracts – creating customer diversification for its business.

“As SFI embarks on our plans to grow both locally and internationally, we need to be mindful of the challenges posed by the impact of the COVID-19 pandemic on the global economy in the short-to-medium term,” opines Pai.

“For the longer-term horizon, the overall health of the Singapore bunker industry will be vital to our growth plans.”

Alternative Fuels Direction

Looking ahead, Pai firmly believes SFI to be possessing the requisite expertise and experience to support the maritime sector’s transition towards a low-carbon future.

“The market is extremely fluid as developments are constantly made in both fuel sources and engine technologies,” he notes.

“Our core focus will be on supporting the transition to lower carbon fuels, which we are currently pursuing though our investment in the LNG-powered, DF bunker tankers.”

“However, we are also closely monitoring the developments of alternative marine fuels and technologies. SFI has invested in research and development through partnerships with relevant players in an effort to capture early market positions.”

A Global Player with Strong Local Roots

Moving forward, SFI endeavours to build a global fleet that creates value for stakeholders to “make Singapore proud,” according to Pai.

“Our company strives to provide quality tonnage assets on both spot and longer-term basis to third parties in the market,” he exclaims.

“Besides being commercially profitable, we want to be a leader in driving sustainability at the port of Singapore and beyond. The types of investments that we are making at SFI is a clear reflection of that.”

“My vision is to grow SFI into a world-class player in sustainable shipping and bunkering, with strong Singapore roots,” concludes Pai.

Related: Singapore: Singfar International makes shipping market debut with 5+5 DF bunker tanker newbuilding order

 

Photo credit: Singfar International
Published: 31 May, 2021

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Methanol

GENA Solutions: Total renewable and low-carbon methanol project pipeline increases from 61.8 to 62.2 Mt by 2032

Information shared by MI – the Global Methanol Alliance meant to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

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MI – the Global Methanol Alliance recently shared with Manifold Times the renewable and low-carbon methanol project pipeline August 2026 release produced by GENA Solutions Oy.

Information from the release is meant to provide the bunkering publication’s readers with insight on renewable methanol availability, and to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

Key takeaways from GENA’s August 2026 Methanol release are as follows:

  • As of the end of August 2026, GENA tracks 286 renewable and low carbon methanol projects, representing 62.2 Mt of capacity by 2032. This includes 25.1 Mt of e-methanol, 25.9 Mt of biomethanol, and 11.2 Mt of low carbon methanol capacity.
  • Two new projects were added to Project Navigator last month, while one frozen project was excluded. The project pipeline increased by 0.4 Mt month on month.
  • Four new offtake agreements were registered during August, including two biomethanol and two e-methanol agreements.
  • About 8% of the cumulative renewable methanol project pipeline capacity has reached FID so far, with another 11% at the FEED stage.
  • Considering the current uncertainty around regulatory developments and demand growth, GENA projects that renewable methanol capacity could reach 6 Mt to 12 Mt by 2031.

Note: The full article can be viewed here.

 

Photo credit: GENA Solutions
Published: 4 September, 2026

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Vessel Arrest

Malaysia: MMEA detains two vessels over suspected illegal ship-to-ship transfer off Johor

Other than the vessels, MMEA also seized a cargo of oil, bringing the total value of the seizure to MYR 260 million (USD 61.9 million).

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Malaysia: MMEA detains two vessels over suspected illegal ship-to-ship transfer off Johor

The Malaysian Maritime Enforcement Agency (MMEA) detained tugboat and dredger suspected of conducting an unauthorised ship-to-ship (STS) transfer in Malaysian waters.

The two Malaysian-registered vessels were detained at around 3.20am on Wednesday by an MMEA patrol boat after the agency received public information about two suspicious vessels seen operating alongside each other about 1.4 nautical miles northwest of Tanjung Buai.

MMEA Tanjung Sedili Zone Acting Director Maritime Commander Mohd Najib Sam said further inspection found that the tugboat was operated by five crew members, including its skipper, comprising Malaysian and Indonesian nationals aged between 26 and 58.

The dredger was operated by 13 crew members, including its skipper, all Malaysian nationals aged between 22 and 51.

“Further inspection also found a quantity of oil cargo believed to be without any documents relating to ownership and delivery,” Najib said.

Both vessels and the oil cargo have been seized for further investigation. The total value of the seizure, including the two vessels and the oil cargo, is estimated at MYR 260 million (USD 64 million).

The case is being investigated under Section 491B(1)(K) of the Merchant Shipping Ordinance (MSO) 1952 for allegedly conducting ship-to-ship activities without authorisation from the Malaysian Director of Marine.

The vessels are also being investigated under Section 491B(1)(L) of the MSO 1952 for allegedly anchoring without permission, as well as under the Customs Act 1967 in connection with the oil cargo suspected of lacking the required documentation.

 

Photo credit: Malaysian Maritime Enforcement Agency
Published: 3 September, 2026

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Battery

WK NatPower expands inland shipping electrification drive into Jiangsu

WK NatPower and Jiangsu Port Investment will strengthen collaboration across the maritime, port and clean energy sectors, bringing together expertise in shipping, port infrastructure and electrification technologies.

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WK NatPower expands inland shipping electrification drive into Jiangsu

Wah Kwong NatPower (WK NatPower) on Wednesday (2 September) said it signed a Memorandum of Understanding (MoU) with Jiangsu Port Group Investment Management Co Ltd (Jiangsu Port Investment), a wholly owned subsidiary of Jiangsu Port Group, at the Jiangsu International Maritime Conference in Nanjing. 

The company said the MoU strengthens collaboration across the maritime, port and clean energy sectors, bringing together expertise in shipping, port infrastructure and electrification technologies.

As China’s leading province for inland waterway transport, with the country’s largest inland waterway network, Jiangsu plays a critical role in the nation’s shipping and logistics system. 

“The partnership represents a strategic step in WK NatPower’s China strategy,” the company said in a statement. 

Building on the momentum of its Zhejiang projects, WK NatPower is extending its footprint further into one of the country’s most significant inland shipping areas. By leveraging the strengths of their respective parent companies, Jiangsu Port Group, Wah Kwong Maritime Transport and NatPower, the parties will also establish a cooperation mechanism to explore opportunities for deeper collaboration and enhance the complementary use of global maritime and port resources.

From a technological perspective, WK NatPower is evolving from individual charging infrastructure towards integrated energy systems combining charging, battery storage and battery-swapping solutions capable of serving a broader range of operational scenarios. 

By combining the international experience and global network of WK NatPower and its partner NatPower Marine, with Jiangsu Port Group’s local resources and project delivery capabilities, the partnership will promote coordinated regional development. 

It also demonstrates WK NatPower’s commitment to the electrification of China’s inland waterway transport sector.

 

Photo credit: Wah Kwong NatPower
Published: 3 September, 2026

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