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DNV: SG conference highlights South East Asia’s unique position in the energy transition

With South East Asia’s energy demand forecasted to grow by 50% by 2050, Singapore’s vibrant ecosystem to advance efforts on energy change plays a vital role.




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Classification Society DNV on Tuesday, 23 March held the Singapore Energy Transition Conference to launch its South East Asia findings for its Energy Transition Outlook report.

Joined by ten speakers across the industry, participants explored how Singapore and the broader South East Asian region is well positioned to help accelerate the energy transition.

DNV notes the energy transition is shifting national agendas and is cutting across all industries and markets. As a global hub for innovation, Singapore has built a vibrant ecosystem to advance today’s efforts on energy and climate change.

With South East Asia’s energy demand forecasted to grow by 50% by 2050, alternative energy sources need to be explored quickly to move on the decarbonization pathway, it said.

The key messages from the sessions included:

Transforming energy systems

First, the energy transition will bring large changes to South East Asia’s energy system in the next thirty years. Fossil fuels will continue to play a dominant role in the region’s energy supply, which will see gas continue to increase. Solar PV and wind will both record strong growth as a result of the massive rise in end user electrification and the electrification of vehicles and industry. Renewables development will also expand offshore.

Building momentum

Second, Singapore’s energy journey highlights how governments can play a key role in accelerating the energy transition towards more sustainable energy sources while maintaining energy security and affordability. The Singapore energy strategy rests on four pillars which are comprised of:

  1. Natural gas – While natural gas will remain as Singapore’s dominant fuel, the government is helping power generation companies improve the efficiency of their power plants.
  2. Solar energy – The Singapore government is ramping up solar energy production in the country by setting ambitious solar targets of 1.5 GWp by 2025, 2 gigawatt-peak (GWp) by 2030 and an energy storage target of 200 MW beyond 2025.
  3. Regional power grids – Singapore is exploring ways to tap on regional power grids to access cost-competitive renewable energy produced in other markets.
  4. Emerging low-carbon alternatives – Singapore is also looking into emerging low-carbon solutions through public-private partnerships that have the potential to help reduce Singapore's carbon footprint. These technologies include carbon capture, utilization and storage (CCUS) technologies and hydrogen.

Considering the urgency of climate change, market forces alone will not always be sufficient to provide the pace needed in the transition. It is key that governments in the region invest in new technologies focusing on the further expansion of renewables, power grid expansion, decarbonization of existing assets and the integration of these systems to enable a cleaner and more sustainable transition.

Shifting mindsets

Third, on the role of the private sector, companies are increasingly taking an active stand in limiting their carbon emissions and are taking steps to decarbonize their supply chain. Companies have become more engaged and have been making an effort to better understand their carbon footprint.

However, a stronger response to the threats of climate change is required as the time window for action is very tight. The world needs to keep reducing its energy consumption by 8% every year if climate change is to be tackled.

In terms of power generation, solar, wind and energy storage systems should be scaled up while the consumption of fuels which have a very high carbon footprint such as coal should be scaled down.

Investments for grid upgrades are required in order to integrate and balance these energy systems in the overall energy mix.

But this technological shift must be accompanied by a cultural change. Company-wide mindset changes will be needed so that the staff gain a shared understanding of clean technologies and decarbonization and the benefits they provide. In addition, an upgrade of skill sets and the re-training of staff will also be required. Engineers will need to learn new tools to help them decarbonize their processes and systems.

With the current geopolitical power shift, South East Asia is poised to play a larger role in the global supply chain. By taking on this more prominent role, the sustainability standards by which Southeast Asian companies are measured against are raised. This forces them to improve their sustainability processes and align their practices with best in class global standards. Similarly, governments and regulators have announced plans committing to Net Zero goals. These frameworks include an industrial component which will mandate companies to conform to stricter emissions targets.

Enabling the energy transition with science and technology

Fourth, we need to embrace new technologies to advance the low-carbon transition.

Technology has been a major enabler and accelerator that has shaped the decarbonization agenda. A number of companies have been looking at technologies that are at the forefront of the energy transition. Developments in floating offshore wind, new PV panel technologies (lightweight PV, organic PV, bifacial cells), green and novel shipping technologies, and game changing CCUS and hydrogen technologies will transform the future of energy. Hydrogen applications for decarbonization, e-mobility, and fossil fuel replacement look particularly promising.

There is no silver bullet that can single-handedly solve the energy dilemma. The heightened demand for electrification will require a combination of solar, wind, hydro and gas power generation in the next decades.

A number of breakthrough technology work is also taking place in Singapore. DNV is closely involved in both the Centre of Excellence in Additive Manufacturing and the Centre of Excellence in Maritime Decarbonization and Autonomy. In both cases, DNV aims to combine Singapore-based competence with its business objective to help customers and society at large tackle major transformations.

In the maritime space, Singapore is an excellent hub for the design, innovation and certification of vessels. With the transition to decarbonization, Singapore can play a key role as a major world marine and offshore marine decarbonization centre.

While LNG will remain important as a transition fuel, ammonia, bioethanol and hydrogen as a building block for carbon-neutral fuels offer bright prospects for the future. Many hydrogen and ammonia developments are being pursued today but before these technologies can be made commercially viable, safety considerations will have to be addressed.

All these emerging technologies will advance the carbon neutrality of fuel sources which will also make available sustainable and affordable energy solutions.

Pushing ahead towards a sustainable future

Fifth, cross-sector collaboration and partnerships across the value chain are important enablers to accelerate the energy transition. By working together, the industry’s best ideas can come together. Partnering with like-minded companies can boost collaboration and will yield better outcomes than by working in isolation.

As decarbonization has become a shared imperative across industry players, partners can cooperate on R&D, the reduction of the levelized cost of electricity (LCOE) and the development and commercialization of new technologies.

To conclude, technology is facilitating the advancement of decarbonization practices. Harnessing these technologies through global cooperation, government policy innovations and a mindset change look set to change the energy landscape. But only with a coordinated response can industry take more meaningful action to reduce its carbon footprint and accelerate the energy transition.

A recording of the session is available to view here along with the event’s highlights.


Photo credit: DNV
Published: 5 April, 2021

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Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.






Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker


Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

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LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.






Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.


Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

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Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.





Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.


Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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