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MPA, SMI award Yinson Holdings Berhad funding for electrification pilot project

Firm to develop, deploy and commercialise a fully electric cargo vessel with interoperable swappable battery infrastructure solutions for Singapore port.
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img 4011328 Yinson as part of Goal Zero consortium awarded grant to develop fully electric harbour craft solution in Singapore v2

Malaysia-based Yinson Holdings Berhad (Yinson, or the Group) on Monday (16 August) said its subsidiary Yinson Green Technologies Pte Ltd (YGT) has been awarded funding by the Maritime and Port Authority of Singapore (MPA) and Singapore Maritime Institute (SMI) to develop, deploy and commercialise a fully electric cargo vessel with interoperable swappable battery infrastructure solutions for the Port of Singapore.

YGT was participating in the project through a consortium called ‘Goal Zero’ which received one of three grants awarded by MPA and SMI on 5 August 2021; an additional two consortiums led by Keppel FELS Limited and Sembcorp Marine receiving the other two grants.

MPA’s and SMI’s joint call for proposals, which was issued in September 2020, attracted strong interest from the maritime community with 73 companies and 10 institutes of higher learning submitting a total of 16 proposals.

The three successful consortiums will embark on the research, design, build and operations of fully electric harbour craft over the next five years. The electrification pilot projects will demonstrate both commercial and technical viability of specific use cases for fully electric harbour craft.

YGT will spearhead Goal Zero’s overall programme management and commercialisation, while Singapore-based marine design engineering company Seatech Solutions International Pte Ltd who is the lead of the consortium, will develop the vessel design and system integration.

The consortium is joined by Sterling PBES Energy Solutions as battery technology partner; Rina Hong Kong Limited Singapore Branch as classification society; Singapore Institute of Technology and Technology Centre for Offshore and Marine Singapore as institutes of higher learning and research institutes developing the digital twin.

‘Goal Zero’ is also supported by industry partners Batam Fast Ferry Pte Ltd, Bernhard Schulte (Singapore) Holdings Pte Ltd, DM Sea Logistics Pte Ltd, Marina Offshore Pte Ltd, Kenoil Marine Services Pte Ltd, Lita Ocean Pte Ltd and Jurong Port Pte Ltd.

Yinson Executive Vice President New Ventures and Technology Eirik Barclay explained ‘Goal Zero’ aimed to solve some of the biggest issues faced by vessel owners and operators when it comes to the adoption of electric vessels.

“We are looking to develop a new ecosystem and business model that are significantly more sustainable for the harbour craft industry whilst simultaneously being more commercially attractive for vessel owners and operators. For example, swappable battery charging infrastructure could almost completely eliminate vessel charging downtime, and digital twin technology can improve efficiencies that bring down operational costs,” stated Barclay.

Yinson Group Chief Strategy Officer Daniel Bong commented that Yinson was looking forward to working with consortium members to propel the future-readiness of the region’s marine port segment.

“It is Yinson’s desire to bring about a more environmentally sustainable marine transport network in alignment with our commitments to mitigate climate change. With the support of the Singapore government through this grant, we are excited to take this next step in our roadmap towards achieving a globally integrated green logistics solution,” said Bong.

Quah Ley Hoon, Chief Executive, MPA, said, “Electrification has the potential to accelerate the decarbonisation of our local harbour craft industry so we are pleased to support the joint industry-research consortium named Goal Zero led by Seatech Solutions Pte Ltd and its key commercial partner Yinson Green Technologies in their electric vessel project. This is one of the three consortiums comprising 30 enterprises and research institutions across the value chain that we are supporting under the Maritime GreenFuture Fund.”

In other developments, Yinson is currently also working on Hydroglyder – a fully electric passenger craft which incorporates advanced hydrofoil technology. A full-sized working prototype of the Hydroglyder is expected to hit Singapore’s waters in 2022.

Related: Singapore: MPA and SMI co-fund consortiums for fully electric harbourcraft

 

Photo credit: Yinson Holdings Berhad
Published: 18 August, 2021

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Alternative Fuels

Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol and RFNBO-methanol across the EEA, UK, and Switzerland.
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June 17, 2026

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Wah Kwong subsidiary appoints Nordic Green Biotrading as European distributor

Venture Energy, a sustainable fuels supplier headquartered in Hong Kong, recently announced the signing of a Distribution Agreement with Nordic Green Biotrading ApS (Nordic Green), appointing the Danish company as its exclusive distributor of renewable methanol across the EEA, the United Kingdom, and Switzerland.

The move marked a key step in expanding Venture Energy’s next-generation marine fuels platform into the European market.

Venture Energy is a subsidiary of Hong Kong shipowner Wah Kwong Maritime Transport, focusing on the procurement and trading of clean fuels.

Under the agreement, Nordic Green will have the exclusive right to market, promote, and distribute Venture Energy’s supply of RED Advanced bio-methanol (bio-methanol) and RFNBO-methanol (e-methanol) throughout the Territory.

“We are delighted to formalise our longstanding collaboration with Nordic Green as our strategic distribution partner in Europe, extending the breadth and quality of our downstream coverage for our supplier network and developing the profile of high-quality renewable methanol producers in the European market.” said Gregor McMillan, Executive Director of Venture Energy.

Deepak Devendrappa, General Manager of Venture Energy, said: “Nordic Green’s track record in local distribution, deep market knowledge, and strong customer relationships across the region’s core bio-blending and chemical sectors make them the ideal partner to bring our ISCC-certified renewable methanol to our customers in the territory. 

“This agreement is another step in the road for Venture Energy as we act on Wah Kwong’s commitment to supporting the energy transition with reliable, sustainable fuel solutions.”

The distribution agreement covers sales within the dutiable area of the EEA, the United Kingdom, and Switzerland. Venture Energy will continue to market directly into the marine bunkering segment.

Bo Gleerup, representing Nordic Green, added: “This exclusive partnership represents a significant milestone for Nordic Green. Being able to sell Venture Energy’s high-quality, certified, renewable methanol volumes from a range of bio-methanol and e-methanol producers, complement our existing supply network for European road-fuel and chemical producers. This fresh focus allows us to offer some of the most competitive products coming into the market today. We look forward to working closely

with our colleagues at Venture Energy to develop this collaboration and deliver value to our shared customers across the territory.”

Related: Wah Kwong launches clean fuels procurement and trading subsidiary Venture Energy
Related: Wah Kwong clean fuels trading subsidiary and Shenji Energy ink green methanol supply deal

 

Photo credit: Venture Energy
Published: 17 June, 2026

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Hydrogen

LH2 Shipping wins Enova funding for two more liquid hydrogen-powered bulk carriers

Company secured USD 36 million for the development and construction of two additional liquid hydrogen-powered bulk carriers.

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June 17, 2026

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LH2 Shipping wins Enova funding for two more liquid hydrogen-powered bulk carriers

Norway’s LH2 Shipping on Tuesday (16 June) said it has been awarded Enova support of NOK 344.3 million (USD 36 million) for the development and construction of two additional liquid hydrogen-powered bulk carriers.

With the latest award, LH2 Shipping is now involved in the development of six hydrogen-powered bulk carrier projects. The announcement builds on previous Enova-supported vessel initiatives and reflects growing momentum for liquid hydrogen as a viable fuel alternative for short-sea shipping to meet decarbonising policy goals.

The new projects represent a continuation of LH2 Shipping’s long-term strategy to establish commercially viable hydrogen-powered vessels while contributing to the development of the supporting fuel and bunkering infrastructure required for large-scale adoption.

“This award is an important strategic milestone for LH2 Shipping,” stated Ivan Østvik, CEO of LH2 Shipping. 

“It strengthens our position as a developer of liquid hydrogen-based zero-emission vessel solutions and brings us yet another step closer to our ambition of enabling a substantial fleet of hydrogen-powered vessels that can help establish a complete maritime liquid hydrogen value chain.”

Since introducing the world’s first hydrogen-powered bulk carrier projects, LH2 Shipping has focused on moving beyond demonstration concepts toward commercially deployable vessels. The addition of vessels five and six further expands the project portfolio and supports continued industrial learning across ship design, fuel systems, operations, and infrastructure.

The Enova support will indirectly enable LH2 Shipping to continue their work developing additional zero-emission solutions for passenger transport and offshore operations, supporting Norway’s broader transition toward a low-emission maritime sector.

“If we are to succeed in the transition to low and zero emission solutions in the maritime sector, we depend on players who dare to go first. LH2 Shipping shows how shipping companies can take the lead and adopt new technology. This is crucial to accelerating development and reducing emissions from shipping,” said Head of Hydrogen and Ammonia Initiatives, Elin Ulstad Stokland at Enova.

This latest Enova award brings total support for the six vessels to more than NOK 800 million and reinforces the momentum behind hydrogen-powered shipping in Norway. Through these projects, LH2 Shipping is offering ship operators to decarbonise bulk transport at scale while contributing to the development of the infrastructure and experience needed for wider industry adoption.

 

Photo credit: LH2 Shipping
Published: 17 June, 2026

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Methanol

China: Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

Company says commissioning of “Zhong Ran LV Neng 85” will further enhance its service capabilities in green methanol bunkering in major domestic ports.
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June 16, 2026

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Chimbusco takes delivery of new methanol bunkering vessel in Zhoushan

China Marine Bunker (PetroChina) (Chimbusco) recently took delivery of its first bunkering vessel in China to deliver methanol to dual-fuel ships.

The 8,500-dwt duplex stainless steel chemical tanker Zhong Ran LV Neng 85 was successfully delivered in Zhoushan.

The company said the commissioning of this new ship will further enhance Chimbusco’s service capabilities in green methanol bunkering in major domestic ports and expand its national marine new energy service and support network

During the delivery period, Chimbusco said it focused on safe operations and conducted special training for all crew members of the vessel.

The training covered methanol bunkering operation specifications, prevention of collisions between commercial and fishing vessels, daily vessel reporting, and voyage report filling standards.

Manifold Times previously reported the launching of the bunkering vessel at Taizhou Fangzhen Shipbuilding Wharf in Zhejiang.

The floating out of the ship comes after Chimbusco has obtained methanol bunkering licences for Shanghai Port and Ningbo Port.

Related: Chimbusco launches new methanol bunkering vessel in Zhejiang

 

Photo credit: China Marine Bunker (PetroChina) (Chimbusco)
Published: 16 June, 2026

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