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SMW 2021: MPA, BW Group, Sembmarine, EPS, ONE, DNV, BHP decarbonisation efforts recognised

‘Let’s think of how we can achieve this goal together; “and” not “all”; “multiply” not “divide” and “integrate” not “differentiate”’, states Senior Minister of State for Foreign Affairs and Transport.

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Chee Hong Tat MT

Efforts by the Maritime and Port Authority of Singapore (MPA), BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foundation Det Norske Veritas (DNV) and BHP to establish a fund for a maritime decarbonisation centre to be set up in Singapore has been recognised by the local government.

Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport, shared a speech with delegates prior to witnessing the signing of memorandum of cooperation (MoC) agreements between the parties on Wednesday (21 April) morning.

“I’m heartened by the participation of six industry players, BW Group, Sembcorp Marine, Eastern Pacific shipping, Ocean Network Express Foundation, DNV, and BHP coming on board to sign the MoC together,” he said.

“I think this is a good start and I hope more partners can come on board in due time.”

Under the MoC, each private sector partner will contribute SGD 10 million (USD 7.5 million) to support the establishment of the centre, fund maritime-decarbonisation-related research and technology development projects and collaborate with institutes of higher learning and research institutes.

MPA will add SGD 60 million R&D funding to these contributions, bringing the fund to a total of SGD 120 million.

In his speech, SMS Chee introduced three concepts mirroring the republic’s ideology towards the development of green marine fuels and decarbonisation through the maritime decarbonisation centre.

First Concept of ‘And’ versus ‘All’

“The first is the concept of ‘and’ versus ‘all’. This is important because sometimes we end up asking ourselves if we should choose A or B or C; for example, LNG, or ammonia, or hydrogen,” SMS Chee told delegates.

“Maybe the answer is not ‘all’; maybe the answer is ‘and’. So this concept of ‘and’ versus ‘all’ is something useful for us to bear in mind because I don’t believe that we have one single silver bullet that can solve the entire decarbonisation challenge for the industry.”

He shared the Singapore maritime industry will need to be open to consider a range of decarbonisation solutions suiting different timelines and technical considerations.

“And maybe, the final outcome is a combination or all the above,” he stated.

“Likewise, I don’t think fuel is the only thing that we should pay attention to. Fuel is one very important area, but it is just one of the areas.

“We also have to look at other aspects of how to reduce carbon emissions in the maritime industry. So that’s the first concept of ‘and’ rather than ‘or’.”

Second Concept of ‘Multiply’ not ‘Divide’

SMS Chee further believed the concept of ‘multiply’ versus ‘divide’ to be important.

“A lot of these efforts that we’re going to have to put in to achieve the goals will require long term and significant investments. Governments, or companies, workers, and everyone has to chip in,” he continued.

“So rather than divide our efforts with each one doing our own research silos independently and not working together, we can achieve this very challenging goal if we work together; and we are able to then multiply our efforts. So that’s the second point, ‘multiply’ not ‘divide’.”

Third Concept of ‘Integrate’ not ‘Differentiate’

Lastly, SMS Chee highlighted the maritime decarbonisation centre will be able to integrate the R&D efforts from multiple parties for optimal results.

“There are many different technologies and solutions and if we end up developing them separately they’re not able to be integrated to talk to one another […] we are not going to be able to achieve the optimal,” he states.

“So, what we want is to bring together partners from different parts of the value chain, research institutions, companies, governments, port authorities so that we are able to not just develop and test bed solutions, we are also able to put them into real life applications and see how they work under real life conditions whether they produce results.”

SMS Chee notes the MPA is also looking at research in carbon pricing mechanisms, carbon accounting, and green financing as part of recommendations by the International Advisory Panel on Maritime Decarbonisation.

“So to sum up, let’s think of how we can achieve this goal together; ‘and’ not ‘all’; ‘multiply’ not ‘divide’ and ‘integrate’ not ‘differentiate’. I wish the centre a great success.”

Related: SMW 2021: MPA & Partners ink SGD 120 million fund to establish maritime decarbonisation centre
Related: SMW 2021: IAP submits maritime decarbonisation recommendations to Singapore Government

The Singapore Maritime Week (SMW) 2021 is taking place between 19-23 April 2021; further articles written by media partner Manifold Times as part of SMW 2021 are as follows:

Related: SMW 2021: Shell, MPA & Sembcorp Marine to trial hydrogen fuel cell with RoRo vessel retrofit
Related: SMW 2021: Penguin Shipyard receives Bureau Veritas certification for first hybrid vessel
Related: SMW 2021: Norsepower partners Keppel O&M’s tech arm for global installation of Rotor Sails
Related: SMW 2021: MPA unveils programs to step up Maritime Innovation in Singapore
Related: SMW 2021: Maritime Drone Estate launched as Test Bed for Drone Technologies
Related: SMW 2021: Open call for JIP applications to accelerate digitalisation of bunker sector
Related: SMW 2021: digitalPORT@SGTM Phase 2 launched to reduce carbon footprint at port
Related: SMW 2021 opens with launch of decarbonisation blueprint to realise ‘new frontiers’
Related: SMW 2021: 10 companies celebrated for contributions to Singapore’s maritime industry
Related: SMW 2021: Industry leaders call for maritime to take transformative, collaborative action
Related: SMW 2021: Advanced Maritime program focuses on leadership amidst global crises

 

Photo credit: Manifold Times
Published: 22 April, 2021

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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