Business

SMW 2021: Industry leaders call for maritime to take transformative, collaborative action

CEO of MISC Berhad highlighted the value of collaboration to navigate two major shifts in maritime: the Fourth Industrial Revolution and the great energy transition.

Published

5 years ago

April 20, 2021

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5th Singapore Maritime Lecture Yee Yang Chien

The 15th Singapore Maritime Lecture, held on Monday (19 April) in conjunction with Singapore Maritime Week 2021, gathered over 550 industry leaders virtually and onsite to share insights on transformational shifts in the maritime industry and the opportunities for growth through partnerships and collaborations.

At the event, Yee Yang Chien, CEO and President of MISC Berhad, delivered a keynote speech titled ‘Making the Future Possible’. Yee highlighted the value of collaboration to navigate two major shifts impacting the global maritime industry: the Fourth Industrial Revolution and the great energy transition.

He cited “The Castor Initiative” – a joint development project to build the world’s first ammonia-fuelled tanker by 2025 – as an example of shifting paradigms to push the frontiers of industry transformation collectively.

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Panel Discussion

Following his keynote address, Yee joined Vandita Pant, Chief Commercial Officer of BHP; Pang Mei Yee, Global Practice Lead for Supply Chain and Analytics Head of Asia Pacific, DHL; and Simon Kuik, President of the Association of Singapore Marine Industries, in a panel discussion.

During the panel discussion titled “How can the maritime sector transform through digitalisation and decarbonisation to stay ahead in the new normal?”, the panellists emphasised that urgent and collaborative action within the ecosystem is required to realise a sustainable future for the maritime industry.

Citing Singapore’s achievements as an LNG bunkering hub, Yee added that the successes in adopting LNG as a transitional fuel pave the way for the development of other clean marine fuels. He shared that the resources and infrastructure established in Singapore will support the research and development of alternative fuels in the city-state.

The panellists said that decarbonisation is not just a challenge for today, but a challenge for our age. They urged the industry to work collaboratively to realise a more sustainable future, emphasising the importance of developing multiple pathways to decarbonisation. In closing, the panellists urged the industry to experiment and take actions to drive efforts on digitalisation and decarbonisation in the maritime industry.

Photo credit: The Maritime and Port Authority of Singapore
Published: 20 April, 2021

LNG Bunkering

2026 ESG Report: Singapore-based EPS completes 530 LNG bunkering operations

EPS said from the start of recorded data to 31 Dec 2025, the company completed a total of 530 LNG bunkering operations with over 2.4 million m3 of LNG bunkered.

Published

15 hours ago

June 30, 2026

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2026 ESG Report: Singapore-based EPS completes 530 LNG bunkering operations

Singapore-headquartered shipping firm Eastern Pacific Shipping (EPS) on Monday (29 June) said from the start of recorded data to 31 Dec 2025, the company completed a total of 530 LNG bunkering operations with over 2.4 million cubic meters (m3) of LNG bunkered.

In its 2026 ESG Report, the company said it continued advancing practical decarbonisation through its dual-fuel fleet expansion, alternative fuels, wind-assisted propulsion, and digital optimisation initiatives, alongside strengthened emissions reporting and third-party assurance.

With over 170 vessels designed to operate on alternative fuels, EPS said its fleet is among the largest dual-fuel fleets in the industry. In 2025, 25% of the fuel consumed by EPS fleet were alternative marine fuels, including LNG, LPG, ethane, and biofuels.

In 2025, EPS also expanded its use of B100 biodiesel, a renewable fuel derived from sustainably sourced biomass such as used cooking oil, food waste, and agricultural residues, which offers increasing global availability and compatibility with existing marine engines while delivering substantial Well-to-Wake (WtW) emission reductions relative to conventional fossil fuels under certified supply chains.

In 2025 alone, 94% of the biofuel the company purchased were B100 grade. Cumulatively, from the start of recorded data to 31 Dec 2025, EPS has completed 61 biofuel bunkering operations with over 33,000 mt of biofuel.

The use of alternative fuels has lowered its emission by 464,610 mt of CO2e relative to conventional marine fuels, and it is equivalent to 9% of its entire Scope 1 emission.

The company added that its investments in wind-assisted propulsion systems, alternative fuels, digital optimisation and operational efficiency reinforced its long-term decarbonisation strategy.

Since 2018, EPS has invested significantly in maritime decarbonisation, committing at scale to LNG as a transition fuel while progressively deploying a broad range of sustainable solutions across both legacy vessels and newbuild programmes, including ammonia-fuelled vessel orders.

As at the end of 2025, EPS had invested approximately USD 2.6 billion across 15 green projects, with over 51% of the fleet designed to operate on alternative fuels such as LNG, LPG, ethane and ammonia.

Photo credit: Eastern Pacific Shipping
Published: 30 June, 2026

Winding up

Singapore: Kekal Shipping Pte Ltd to undergo voluntary wind up

A liquidator has been appointed at an extraordinary general meeting held on 18 June for the purpose of winding up the company’s affair, according to Government Gazette notice.

Published

15 hours ago

June 30, 2026

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A notice in the Government Gazette was published by the Director of Kekal Shipping Pte Ltd on Friday (26 June), regarding resolutions that were passed in relation to the winding up of the company.

The following resolutions were duly passed during an an Extraordinary General Meeting of the company, which was held at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 on 18 June at 10am:

SPECIAL RESOLUTION

RESOLVED that the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018.

ORDINARY RESOLUTION

RESOLVED that Ms Lee Yan Huei of Messrs Acclime Corporate Advisory Singapore Pte. Ltd. be appointed liquidator of the Company for the purpose of such winding up

Photo credit: Jo_Johnston from Pixabay
Published: 30 June, 2026

Alternative Fuels

Hitachi Zosen Marine Engine orders Mitsubishi Shipbuilding ammonia fuel handling system

MAmmoSS® will be designed and optimised to be compatible with the ammonia marine engines of Everllence SE and WinGD and will be used for shop tests of both engines after delivery to HZME’s facility.

Published

15 hours ago

June 30, 2026

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Hitachi Zosen Marine Engine orders Mitsubishi Shipbuilding ammonia fuel handling system

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, on Friday (26 June) said it has received an order from Hitachi Zosen Marine Engine (HZME) for its MAmmoSS® ammonia fuel handling system.

HZME is a dual licensee of Everllence SE and WinGD, major licensors of marine engines. MAmmoSS® will be designed and optimized to be compatible with the ammonia marine engines of these two licensors, and after delivery to HZME’s facility, will be used for shop tests of both engines.

The company said decarbonisation in global shipping is a critical issue, and ammonia, which does not emit CO2 when burned, is attracting attention as a next-generation marine fuel that will significantly contribute to reducing GHG emissions in the shipping industry.

“However, as ammonia is a toxic fluid, safe handling technology onboard ships is essential and is expected to drive demand for MAmmoSS®,” it said.

Going forward, Mitsubishi Shipbuilding said it will continue to provide safe and reliable products for ammonia-fuelled vessels to support the expected market expansion.

Photo credit: Mitsubishi Shipbuilding
Published: 30 June, 2026