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SMW 2022: Minister highlights ‘decisive green transition’ in keynote address

‘In the coming years, the maritime sector will also need to undergo a fuel transition, from today’s marine fuels to cleaner fuels,’ he states Mr Heng.

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Heng Swee Keat

The Singapore Maritime Week (SMW) 2022, organised by the Maritime and Port Authority of Singapore (MPA), opened on Monday (4 April) with Deputy Prime Minister and Coordinating Minister for Economic Policies, Singapore, Mr Heng Swee Keat delivering the keynote address.

Entitled ‘Riding out storms and seeking new opportunities – The maritime sector in a time of change’ Mr Heng’s speech outlined how Singapore, as a global maritime hub, is responding to global challenges impacting the maritime sector.

Amongst three main topics covered in his speech was the ‘decisive green transition’ to decarbonise shipping.

“We launched the Maritime Singapore Decarbonisation Blueprint last month. It has ambitious goals, which include making our ports net zero and reducing harbour craft emissions significantly by 2050,” he shared.

“The Blueprint was developed after in-depth consultations with industry, and recognises the need to green every segment of the supply chain – from our vessels, to our port and marine bunkering infrastructure.”

Mr Heng, meanwhile, said Singapore is also seeking to contribute towards the international maritime green transition.

“For example, we set up the Global Centre for Maritime Decarbonisation, bringing together industry partners, researchers, and MPA to drive R&D and to pilot novel decarbonisation solutions. The founding of the Centre was made possible through an initial $120 million contribution from government and six like-minded industry partners,” he explained.

“A second example is the Coastal Sustainability Alliance, a partnership to support the electrification of Singapore’s harbour crafts by jointly investing in a network of charging points for electric boats.

“Yet another example is the Clydebank Declaration for Green Shipping Corridors. Minister Iswaran announced earlier that Singapore will be joining this initiative, together with 22 other signatory states.”

Signatories of the Clydebank Declaration are to support the establishment of green shipping corridors – zero-emission maritime routes between two (or more) ports.

“We are only 30 years, or one ship generation, away from the global maritime emissions target set by IMO. With more than 100,000 merchant vessels plying our seas today, many will have to be replaced in the coming decades. Likewise, significant complementary changes on the port-side infrastructure will be needed,” he notes.

As a global financial centre, Singapore has some 20 international banks with ship finance portfolios. Singapore also has a pool of venture capital, private equity and alternative investment players, says Mr Heng.

Moving forward, Singapore is looking to build a green ship financing ecosystem, and develop a suite of financing options to enable the green transition.

“In the coming years, the maritime sector will also need to undergo a fuel transition, from today’s marine fuels to cleaner fuels,” he states.

“Singapore, Japan, and the Port of Rotterdam Authority have also formed the Future Fuel Port Network to develop a roadmap on the adoption of cleaner marine fuels.

“We are also a member of the Castor Initiative, a multinational coalition across the entire maritime ecosystem, that aims to design, build, and commission the world’s first ammonia-fuelled tanker by 2025.

“I welcome all of you to work with us on this journey towards a greener future.”

Related: MPA blueprint prepares marine fuels sector for multi-fuel bunkering transition
Related: Singapore making ‘significant efforts’ to build sustainable maritime hub, says Minister
Related: MPA and partners establish Global Centre for Maritime Decarbonisation
Related: SMW 2021: MPA & Partners ink SGD 120 million fund to establish maritime decarbonisation centre
Related: SIBCON 2020: Singapore enters memorandum of cooperation on future fuels port network
Related: Singapore: MPA and Yara Intl in Ammonia-fuelled tanker Joint Development Project

 

Photo credit: Maritime and Port Authority of Singapore
Published: 5 April, 2022

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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.

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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

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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.

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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

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Port & Regulatory

US lawmakers reintroduce bill to develop clean shipping technology and infrastructure

Legislation would create a USD 1 billion per year programme to develop the next generation of clean shipping technology and infrastructure such as zero-emission ships and cleaner marine fuels.

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RESIZED william william on Unsplash

US Representatives Nanette Barragán and Troy A. Carter, Sr., along with Senator Chris Van Hollen, on Friday (26 June) reintroduced the Next Generation Shipping Act. 

The legislation would create a USD 1 billion per year programme through the Department of Transportation’s Maritime Administration (MARAD) to develop the next generation of clean shipping technology and infrastructure. 

The lawmakers said the bill would help to address harmful pollution that comes from the shipping industry, a major but often unrecognised source of greenhouse gas emissions and port pollution. 

Through the development and usage of new technologies— such as zero-emission ships, cleaner marine fuels, and better port equipment— the programme seeks to protect the health of port and coastal communities, and help the US reduce its climate pollution.

They added that the bill would also help the United States keep up with other countries in Europe and Asia that are already investing heavily in clean shipping technology. The bill would ensure that the U.S. leads in the future of shipping, rather than rely on technology from other countries.

“Shipping plays a vital role in our economy, and at the Ports of Los Angeles and Long Beach, but it should not come at the expense of the health of our families,” said Rep. Barragán. 

“The Next Generation Shipping Act is about investing in cleaner technologies, supporting American jobs, making sure the United States leads in the future of maritime innovation, all while making sure we do so in a way that preserves public health. By acting now, we can protect our communities, strengthen our economy, and build a more sustainable shipping industry for generations to come.”

“The Next Generation Shipping Act is forward-thinking legislation that will help revitalise the U.S. maritime industry and boost our economic competitiveness. As the federal government looks to expand commercial shipbuilding capacity, the U.S. must invest in cleaner ships and technologies to compete globally,” said Antonio Santos, Federal Climate Policy Director, Pacific Environment. 

“The bill provides much-needed funding to position the US to be a leader in the development of next-generation vessel technologies and sustainable maritime fuels, while creating good-paying jobs and supporting workforce training. We thank Representative Barragán, Representative Carter, and Senator Van Hollen for introducing this important legislation and call on Congress to pass this bill to spur the market for building the advanced ships of the future.”

 

Photo credit: william william on Unsplash
Published: 30 June, 2026

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