Business

SMW 2022: Singapore Sea Transport Industry Transformation Map launched

A key aim of the updated ITM is to grow the sector’s value-add by $2 billion, or an average rate of 2-3% annually, between 2020 and 2025.

Published

4 years ago

April 5, 2022

Admin

Singapore’s Sea Transport Industry Transformation Map (ITM) 2025 was launched on Monday (4 April) at the Singapore Maritime Week (SMW) 2022.

First launched in 2018 by the Maritime and Port Authority of Singapore (MPA) in partnership with industry, unions, and other government agencies, the Sea Transport ITM builds on MPA’s strategic long-term plans to develop Singapore’s Next-Generation Port while strengthening its International Maritime Centre (IMC).

The latest Sea Transport ITM has been refreshed to update strategies to address current challenges and seize new opportunities from the COVID-19 pandemic and shifts in global supply chains.

A key aim of the ITM is to grow the sector’s value-add by $2 billion, or an average rate of 2-3% annually, between 2020 and 2025.

Update on the Progress of the First Sea Transport ITM (launched in 2018)

In the years following the launch of the Sea Transport ITM in 2018, the sector has made significant progress. Pasir Panjang Terminal Phases 3 & 4 were fully operationalised, adding an additional 15 million twenty-foot equivalent units (TEUs) handling capacity to the Port of Singapore.

To drive digitalisation and enhance productivity, MPA launched Phase 1 of digitalPORT@SG™ to streamline up to 16 regulatory applications into an integrated port clearance service, and the Sea Transport Industry Digitalisation Plan (IDP) for small and medium (SMEs) enterprises to adopt digital technologies.

The launch of the Maritime Transformation Programme has deepened maritime research and development (R&D) capabilities in niche technology areas, e.g. in maritime energy and sustainability, simulation and modelling of future port operations, and development of autonomous ships. To support the maritime workforce, the Professional Conversion Programme (Sea Transport) was launched and trained 160 mid-careerists to join the sector.

Despite the COVID-19 pandemic and the current geopolitical uncertainties, the Sea Transport sector has remained resilient. In 2021, the republic’s IMC attracted 23 companies to expand or set up operations in Singapore, and Singapore’s container throughput achieved a record 37.5 million TEUs, an increase from 36.9 million TEUs in 2020.

Strategies of the Sea Transport ITM 2025

Going forward, the Sea Transport sector is poised to see major transformation given opportunities arising from global supply chain shifts, digitalisation and decarbonisation. The Sea Transport ITM 2025 will focus on the following four strategies, elaborated in the subsequent paragraphs (and with key targets underlined):

Strategy 1: Ensure Relevance and Resilience of MaritimeSG as Key Node in Global Supply Chains
Strategy 2: Build a Vibrant Innovation Ecosystem and Actively Develop New Growth Areas
Strategy 3: Support Maritime SMEs and Start-ups to Grow into Global Champions
Strategy 4: Develop a Future-Ready Maritime Workforce Equipped with Global Skillsets

Maritime Singapore – Global

Photo credit: CHUTTERSNAP on Unsplash
Published: 5 April, 2022

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

6 hours ago

June 30, 2026

Admin

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

6 hours ago

June 30, 2026

Admin

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

6 hours ago

June 30, 2026

Admin

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