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SMW 2021: MPA unveils programs to step up Maritime Innovation in Singapore

MPA will push for wider industry adoption of digitalisation initiatives such as eBL and electronic bunker delivery notes to drive productivity for the sector.

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MPA Maritime Boost 1

A new Maritime Innovation and Technology (MINT) Fund grant scheme was announced by the Maritime and Port Authority of Singapore (MPA) on Tuesday (20 April) at the 5th Singapore Maritime Technology Conference (SMTC). The grant will provide maritime technology start-ups in Singapore a leg-up to develop scalable solutions.

In addition, the MPA will push for wider industry adoption of digitalisation initiatives such as electronic bills of lading (eBL) and electronic bunker delivery notes (eBDN) to drive productivity for the sector.

These developments were announced on Tuesday itself by Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport, at the SMTC. The SMTC is one of the key events organised in the Singapore Maritime Week 2021.

It was also announced that the MPA has allocated SGD 10 million (USD 7.5 million) from the MINT Fund to support the growth and development of maritime technology start-ups in Singapore. Under this expanded effort, MPA will also develop a digital technology marketplace and a start-up playbook.

The marketplace will connect maritime and venture capital companies with start-ups and facilitate discovery of solutions. The start-up playbook serves as a comprehensive guide for start-ups to springboard into Singapore tapping on schemes and support programmes relating to talent, capital and R&D resources.

As part of this endeavor, MPA will introduce a new grant scheme called MINT-STARTUP. Start-ups that have completed the PIER71 or relevant maritime acceleration programmes in Singapore can apply for a grant of up to SGD 50,000 to pilot their projects. Promising start-ups looking to scale up their offerings or projects can also apply for a project grant of up to SGD100,000.

PIER71 is a joint maritime innovation ecosystem between the Maritime and Port Authority of Singapore and the National University of Singapore through its entrepreneurial arm, NUS Enterprise.

Additionally, MPA also announced the successful completion of an eBL trial which demonstrated the interoperability between different digital trade platforms.

In January 2021, Singapore and the Netherlands completed a shipment where an eBL “shadowed” a live shipment from Qui Nhon, Vietnam to Rotterdam, the Netherlands via transhipment in Singapore.

The trial showed that there were significant time savings in the BL documentation process from an average of six to ten days when using a hardcopy to less than 24 hours when using an eBL.

This successful trial also marks one of the first title transfers, across different digital platforms, which was facilitated by TradeTrust, an open-standard digital utility to enable interoperability.

To catalyse adoption of eBLs, MPA is issuing a call-for-proposal (CFP) to develop and pilot eBL solutions that are based on open standards and meeting the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR) framework.

Bringing together industry partners and solution providers, MPA noted the projects must be able to demonstrate benefits such as manpower savings and lowered fraud risk in commercial use cases. The Infocomm Media Development Authority and the Digital Container Shipping Association (DCSA) will be supporting this call.

MPA has also announced additions to the digitalOCEANS™ initiative focused on shaping and harmonising global data standards for maritime digitalisation. Senior Minister Chee welcomed the participation of DCSA, which will be joining MPA and other existing international partners in this key project.

As an industry body representing nine of the top container liners in the world and accounting for about 70% of the global container trade, DCSA will contribute cargo and vessel operational data standards, offering a boost towards interoperability of digital maritime platforms.

All partners will work on data harmonisation and target to jointly publish a set of API specifications for sharing across the international maritime community by end 2021.

This year’s SMTC also saw the signing of the 4th Memorandum of Understanding between MPA and PSA International on the Port Technology R&D programme. The programme aims to accelerate technology research, development and facilitate live trials in the areas of automated container port systems, advanced port optimisation techniques and green port technologies for application in existing container terminals and the new Tuas Port.

The programme will also uplift capabilities of the local port ecosystem including small and medium enterprises and research institutes. The MOU was signed at the SMTC by MPA Chief Executive, Quah Ley Hoon and PSA International Regional Chief Executive Officer (South East Asia), Ong Kim Pong, and witnessed by Senior Minister Chee and Niam Chiang Meng, Chairman, MPA and Tan Chong Meng, Group Chief Executive Officer, PSA International.

MPA also announced the extension of its Memorandum of Understanding with the Research Council of Norway (RCN) for an 8th term. Under the terms of the MOU, RCN and MPA will jointly support research in Maritime Digitalisation and Sustainable Shipping and organise the International Maritime-Port Technology and Development Conference.

This MOU will encourage maritime research institutes in Singapore and Norway to grow partnerships with maritime technology companies in both countries and to develop new capabilities.

This year’s SMTC takes place from Tuesday, 20 April to Thursday, 22 April and will be a hybrid conference featuring physical events at the Marina Bay Sands Convention Centre as well as virtual events taking place online.

The key focus of the conference is on critical issues facing the maritime industry, including industry transformation, digitalisation and decarbonisation, cyber resilience and the impact on ships and ports, as well as the growth of the start-ups in the sector and access to financing by industry players.

Close to 1,000 C-suite and senior executives from the maritime industry, R&D and tech community, start-up ecosystem and venture capitalists are expected to participate in the three-day conference both in-person and online.

More information on the CFP to develop eBL solutions is available here.  

MPA Maritime Boost 5

MPA Maritime Boost 4

As part of SMTC’s opening, a panel discussed Singapore’s vision for digital transformation, moderated by Quah Ley Hoon, Chief Executive, MPA.

MPA Maritime Boost 3

HE Anita Nergaard, Ambassador of Norway to Singapore and Mr Per Christer Lund, Science and Technology Counsellor, Innovation Norway, representing RCN.

MPA Maritime Boost 2

MOU was signed by MPA Chief Executive, Ms Quah Ley Hoon and PSA International Regional Chief Executive Officer (South East Asia), Mr Ong Kim Pong, and witnessed by Mr Chee and Mr Niam Chiang Meng, Chairman, MPA and Mr Tan Chong Meng, Group Chief Executive Officer, PSA International.


Photo credit: Maritime and Port Authority of Singapore
Published: 21 April, 2021

 

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Events

London forum to address critical bottlenecks holding back maritime decarbonisation

Marine Energy Transition Forum 2026 will be held on 11 November to address bunker fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

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London forum to address critical bottlenecks holding back maritime decarbonisation

The Marine Energy Transition Forum (METF) 2026 will bring together leading voices from across the global maritime sector on 11 November 2026 at Norton Rose Fulbright, London.

The forum will tackle one of shipping’s most pressing challenges: how to overcome the fuel, technology and infrastructure barriers that continue to slow the industry’s transition to net-zero emissions.

Under the theme “Reframing the maritime decarbonisation roadmap: addressing fuel, technology and infrastructure bottlenecks,” the one-day forum will provide a platform for shipowners, fuel suppliers, technology developers, ports, policymakers and financiers to examine the practical steps needed to accelerate progress while maintaining commercial competitiveness.

As the maritime industry navigates an increasingly complex regulatory and commercial landscape, METF 2026 will focus on delivering practical insight into the challenges—and opportunities—shaping the next phase of the energy transition.

The conference programme will explore five key themes:

  • The effectiveness of current regulatory frameworks and policy measures, including regional and international initiatives driving maritime decarbonisation.
  • Progress in developing a resilient multi-fuel future, examining investment, fuel availability, supply chains and infrastructure.
  • The commercial readiness of emerging technologies, including alternative propulsion systems, vessel optimisation, batteries, carbon capture, wind propulsion and digital solutions.
  • Building a supportive business environment for energy transition companies, with discussions covering finance, innovation, scaling businesses and market development.
  • The evolving role of ports as critical enablers of shipping’s energy transition through new fuel infrastructure, shore power and energy cluster development.

METF 2026 is designed to encourage open discussion between every part of the maritime value chain, recognising that collaboration across fuel producers, shipowners, ports, technology providers, investors and policymakers will be essential if global decarbonisation ambitions are to be achieved.

The event will feature expert speakers, panel discussions and extensive networking opportunities, enabling delegates to exchange ideas, develop partnerships and gain practical insight into the strategies shaping the future of maritime energy.

Registration for METF 2026 is now open. Further information and registration can be found here

 

Photo credit: ship.energy
Published: 13 August, 2026

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LNG Bunkering

EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit, dedicated to the LNG bunkering market.

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EXMAR to convert LNG carrier into floating transshipment unit for bunkering

Ship owner EXMAR on Thursday (6 August) announced that it has taken delivery of the 146,000 m³ LNG Carrier SIMAISMA

The vessel is secured under an initial seven-year charter contract with a “first-class counterpart”. 

“The vessel will soon undergo a dry-dock including modifications to make the vessel suitable as a floating transshipment unit (FTU), dedicated to the LNG bunkering market,” it said in a statement. 

The FTU will receive large parcels of LNG from trading LNG carriers and specialised LNG bunkering vessels will load at the FTU before supplying it as a fuel to vessels that use this LNG as a bunker fuel.

EXMAR’s CEO, Carl-Antoine Saverys, said: “EXMAR is gladly assisting its client in further paving the way to unlock LNG as a fuel for the shipping industry. 

“The FTU is a smart solution with which our client brings down the costs of the logistics relating to the LNG bunkering. 

“With this solution, we are building upon EXMAR’s close to 50 years of LNG experience. We look forward to deploying more of these assets to unlock the full potential of LNG as a fuel for the maritime industry.”

 

Photo credit: EXMAR
Published: 7 August, 2026

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FuelEU

Skuld on FuelEU Maritime: Early lessons from first year of compliance

Joe Bettles of Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping discusses the first FuelEU Maritime compliance results and what they indicate for the shipping industry.

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RESIZED Chris Pagan

With the first FuelEU Maritime compliance data emerging after the inaugural year of greenhouse gas (GHG) intensity reporting for ships trading in the EU, marine insurer Skuld spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, to examine what the early results reveal: 

The first data on FuelEU Maritime compliance is now emerging, following the first year of reporting against greenhouse gas (GHG) intensity targets for shipping companies trading in the EU.

To better understand what the early results show, we spoke with Joe Bettles, Climate Policy Manager and author of the Countdown newsletter at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (Center). The Center recently published its analysis of the first reporting year in the article “What did we learn from the first year of FuelEU?”

Under the regulation, shipowners have several options for compliance, including:

  • The pooling mechanism, which allows vessels with a compliance surplus to trade it with other vessels.
  • The borrowing mechanism, which allows companies to defer a compliance deficit to the following year for a 10% surcharge.
  • Meet the target by using low GHG intensity fuels.
  • Pay the FuelEU penalty (penalty).

Pooling becomes the preferred option

The first year of reporting indicates that pooling has quickly become the preferred choice. According to data from the European Commission, 92% of vessels used the pooling mechanism, while only 2% used borrowing. The remaining vessels either paid the penalty or met the target by using LNG or other low-GHG energy sources.

Commenting on the findings, Joe Bettles says: “Our insights from the first year of reporting indicate that shipping companies were able to comply with the targets, with most using the pooling mechanism. This shows that FuelEU is working as intended. As we approach the IMO’s upcoming discussion on the Net-Zero Framework (NZF), FuelEU demonstrates that it is possible for the global fleet to comply with a GHG intensity regulation using existing fuels and providing incentives for the uptake of cleaner energy sources.”

A developing market for compliance surplus

The Center’s article also reviews the different pooling platforms available to shipping companies seeking to meet their obligations under the regulation. The price of compliance surplus, averaging around EUR 208/tCO₂eq, remained relatively stable, suggesting that the market matured early, with buyers generally able to find sellers.

On the development of the pooling market, Joe notes: “The prices for trading compliance surpluses remained well below the EUR 640/tCO₂eq penalty for VLSFO, making the pooling mechanism significantly more attractive than paying the penalty.”

Fuel choices remain central to compliance

The role of fuel choice is also important. Looking at fuels supplied to the FuelEU market, the Center estimates that 3.22 million tCO₂eq of reductions, relative to an all-VLSFO fleet, will be required to meet the 2% reduction target between 2025 and 2029. Based on analysis of previous years’ fuel consumption, the Center indicates that LNG may have contributed around one-third of the required reduction. Biofuel blends account for the remainder, with biodiesel and bio-LNG dominating the low-GHG fuel mix.

Joe highlights how the pooling mechanism can help extend the impact of lower-GHG fuels across the fleet: “Although LNG is not a drop-in replacement for VLSFO, the pooling mechanism under FuelEU allows an LNG-fuelled vessel to share its over-compliance with other vessels that cannot physically use LNG. Depending on the engine type in the ship, LNG can remain compliant with the 14.5% reduction target through 2039 and can further extend its compliance through banked surplus or by using liquified biomethane.”

Three early lessons from FuelEU Maritime

Drawing on the first year of reporting, Joe Bettles and the Center identify three lessons that may also be relevant for the IMO in the future.

First, the results indicate that a fuel standard for shipping can work. FuelEU’s first year has created incentives for the use of alternative fuels and a market for those who prefer to pay for emissions compliance.

Second, regulations should include mechanisms that support a broader mix of energy sources. Lower-maturity alternatives, such as wind-assisted propulsion, e-fuels and onshore power, still represented a limited share of the mix.

Third, policy stability and clear reduction pathways can help reduce uncertainty for shipping companies and support the business case for investment in cleaner alternatives.

Supporting knowledge sharing across the maritime value chain

Skuld is a Mission Ambassador to the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, supporting its work as a platform for collaboration, knowledge sharing and practical insight across the maritime value chain.

“The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is a highly valuable forum for us at Skuld. It provides access to a broad network of industry stakeholders and helps us stay close to the challenges shipowners face in meeting regulatory requirements and reducing emissions. Just as importantly, it serves as a platform for dialogue and knowledge sharing across the maritime value chain” – Matias Bøe Olsen, Decarbonisation and transition risk lead, Skuld.

Note: Read the full article on FuelEU’s first-year experiences here.

 

Photo credit: Chris Pagan on Unsplash
Published: 7 August, 2026

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