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PIER71 event showcases Singapore maritime digitalisation, decarbonisation solution startups

Submissions for the Smart Port Challenge Grand Finals 2023 were related to solutions supporting maritime clean fuels operations, carbon-value chain, electrification, and green maritime supply chain.

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Pier71 event showcases Singapore maritime digitalisation, decarbonisation solution startups

The Maritime and Port Authority of Singapore (MPA) and National University of Singapore (NUS) commemorated the 5th anniversary of PIER71 at the inaugural PIER71 Great Circle 2023 event held on Tuesday (21 November) at Suntec Singapore Convention and Exhibition Centre.

The event comprised the 7th edition of the Smart Port Challenge Grand Finals, a MarineTech Start-up Innovation Showcase, and the inaugural PIER71 Ascend. PIER71 Great Circle 2023 event draws inspiration from the practice of great-circle navigation and reflects the efforts by PIER71 to help start-ups get on the most direct route to deliver maritime innovation.

Since its establishment in 2018, PIER71 has nurtured close to 110 MarineTech start-ups with the support of 62 corporate partners. MPA’s Maritime Innovation and Technology (MINT) Fund has supported over 50 start-up projects, with 26 solutions already deployed by the industry. These start-ups have also raised over SGD65 million in investments from venture capital (VC) partners to support their expansion. Five foreign MarineTech start-ups have also expanded to Singapore, and four start-ups including three from Singapore have been acquired by corporates.

MPA and NUS have expanded PIER71 initiative in 2023 to connect shortlisted start- ups to overseas markets, government stakeholders, and prospective maritime customers through the PIER71 Ascend 12-month programme. The first cohort comprising four start- ups was unveiled at the event and they will be working closely with PIER71 to sharpen their growth strategy in 14 overseas markets which they are operating in.

Winners of the Smart Port Challenge Grand Finals 2023

17 finalists were shortlisted from a pool of 150 applications from 30 countries, and the top three winners were selected by a judging panel in the Smart Port Challenge Grand Finals 2023. 

The countries include Australia, Brazil, Canada, China, Croatia, Estonia, Finland, France, Germany, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, New Zealand, Norway, Philippines, Poland, Russia, South Africa, South Korea, Spain, Sri Lanka, Thailand, United Kingdom, United States of America, and Uruguay.

Measure.AI, CRecTech, and Rux Energy emerged as the first, second, and third winners respectively, and MicroSec received a Special Mention by the judges. The evaluation criteria was based on quality of the innovation, business model, market potential, industry relevance, and the team’s capability including tech development and design skills.

Measure.AI from Singapore makes novel, low-cost, reusable and highly sensitive real-time gas sensors. It uses a patented novel method of making various unique of gas sensors. Their sensors are non-specific and the gases or gas mixtures are identified and quantified based the unique changes in the electrical properties of an array of sensors upon gas exposure.

CRecTech from Singapore developed a novel catalyst coating for biogas reforming that greatly enhances its resistance against carbon and CO2 poisoning, and is capable of breaking down and utilising CO2 in biogas. This enables a revolutionary one-step biogas reforming process, converting CO2-rich biogas into low-carbon hydrogen and syngas for green methanol in a subsequent process.

Rux Energy is an Australian advanced materials startup aiming to double the volumetric efficiency and halve the cost of dispatchable hydrogen storage for bulk distribution, refuelling, heavy mobility and aviation. Their goal is to be directly responsible for 50 million tonnes of CO2 abatement, each year, every year, by 2030.

One of the grand finalists from Singapore, 3Y Energy highlighted its innovative system that integrates with current engines, a one-stop solution for integrating alternative bunker fuels (specifically ammonia, methanol, and hydrogen) into existing marine or heavy-duty engines. The modular design of the system incorporates fuel supply, combustion control and online monitoring. The design also ensures optimal combustion without any output degradation. Users can flexibly adjust the CO2 reduction range to meet regulatory standards, achieving up to 90% reduction with ammonia and a complete 100% with hydrogen. 3Y Energy’s solution is estimated to be 10%-20% of a conventional engine of similar capacity.

Close to 50% of the submissions received were related to maritime digitalisation, and 40% were related to maritime decarbonisation. These include solutions to support maritime clean fuels operations, carbon-value chain, electrification, and green maritime supply chain. The emphasis on digitalisation and decarbonisation reflects the increasing attention by the industry and urgency to accelerate the green energy transition. 

The 18 finalists have also completed PIER71 Accelerate, an eight-week market validation and customer discovery programme and are now eligible to apply for a grant of up to S$100,000 from MPA to embark on pilot projects with maritime companies.

Close to 50% of the submissions received were related to maritime digitalisation, and 40% were related to maritime decarbonisation. 

These include solutions to support maritime clean fuels operations, carbon-value chain, electrification, and green maritime supply chain. The emphasis on digitalisation and decarbonisation reflects the increasing attention by the industry and urgency to accelerate the green energy transition. 

The 17 finalists have also completed PIER71 Accelerate, an eight-week market validation and customer discovery programme and are now eligible to apply for a grant of up to S$100,000 from MPA to embark on pilot projects with maritime companies.

Mr Teo Eng Dih, Chief Executive, MPA, said, “Technology and innovation will play a pivotal role as the global shipping community and Maritime Singapore accelerates digitalisation and decarbonisation efforts. The PIER71 programme partnership among MPA, NUS, and industry collaborators has helped to nurture Singapore’s maritime innovation ecosystem, incorporating clean alternative fuels and green maritime technologies. As we commemorate PIER71 5th anniversary, we will also strengthen PIER71’s international linkages, expand the search for innovative solutions beyond our shores, and leverage the Port of Singapore as a Living Lab to pilot new ideas”.

Photo credit: Maritime and Port Authority of Singapore
Published: 22 November, 2023

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Alternative Fuels

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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Alternative Fuels

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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Alternative Fuels

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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