Connect with us

Battery

MPA: Financiers and insurers ready to support electrification of the domestic harbour craft sector

Nineteen financing and insurance proposals received to support Singapore’s domestic transition to electric harbour craft.

Admin

Published

on

MPA electric vessel adoption

The Maritime and Port Authority of Singapore (MPA) on Thursday (11 April) said it has received 12 financing and seven insurance proposals in response to the Expression of Interest (EOI) launched to support early adopters of electric harbour craft (e-HC).

The proposals were submitted by local and international financial institutions (FIs), financial intermediaries, marine insurers, and insurance brokers.

Expanding the financing options for harbour craft owners

MPA has shortlisted EOI proposals from DBS Bank Ltd, United Overseas Bank Limited, BNP Paribas Singapore Branch, KfW IPEX-Bank Asia Ltd, and Société Générale, to offer direct debt financing options for harbour craft owners. MPA will work with these banks to further develop their solutions.

The response to the EOI has also affirmed the strong interest from FIs and financial intermediaries in offering alternative financing solutions beyond debt financing to support the sector’s transition to e-HC. Eight consortia submitted alternative financing proposals. In the next phase of the EOI process, MPA will issue a closed call for proposals to further select the alternative financing proposal(s) for implementation. MPA will provide more details on the next steps in 2nd quarter 2024.

MPA and Enterprise Singapore (EnterpriseSG) will also be working with interested FIs to explore onboarding them to the Enterprise Financing Scheme – Green (EFS-Green), with EnterpriseSG undertaking risk-sharing of 70% to support lending by participating FIs. This initiative will potentially open up more financing options for harbour craft owners planning on adopting green technologies and solutions for their fleet.

The seven insurance related submissions indicated that the proposed insurance premiums for e-HC are comparable to that of conventional harbour craft. These proposals were submitted by Income Insurance Limited, QBE Insurance (Singapore) Pte Ltd, The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch, NorthStandard Limited, Tigermar Global Pte Ltd, Cambiaso Risso Asia Pte Ltd, and Lockton Companies (Singapore) Pte Ltd. EOI participants raised the areas of information sharing and access to relevant technical and operational information, loss prevention programmes and quality assurance, as supportive mechanisms needed to help right-price insurance premiums for e-HC. MPA will consult the industry on these supportive mechanisms, which could include setting up of a data repository platform, development of training programmes to promote safety awareness and best practices for e-HC operations, as well as establishing quality assurance framework(s) and mechanisms to ensure repair and maintenance services standards for e-HC.

Other initiatives to support the harbour craft sector

In January 2024, MPA announced three vessel charging concepts to be piloted in Singapore following the call for proposal to develop, operate, and maintain e-HC charging points in Singapore. The proposal by Pyxis and SP Mobility based on Direct Current (DC) charging has been deployed at Marina South Pier in April 2024. In addition, MPA has also assessed potential in the innovative mobile charging concept proposed by Seatrium O&G (International) Pte Ltd, and a high power (350-450kW) DC Charger proposed by Yinson Electric Pte Ltd. MPA will continue working with the two companies to further develop their proposals for future applications in Singapore through R&D collaboration.

MPA is working with EnterpriseSG, industry stakeholders and academia, to develop a Technical Reference (TR) for e-HC charging and battery swap systems, to support the development of the e-HC charging infrastructure and ecosystem in the Port of Singapore. The draft TR will provide requirements and guidelines for onshore electrical installations to provide electrical power supply for both charging batteries installed in electric harbour craft and battery swap operations to ensure safety, operational efficiency, and interoperability.

The draft TR will align with relevant International Electrotechnical Commission (IEC) standards, as well as local standard TR 25 “Electric Vehicles Charging System”. It will also adopt or adapt charging practices like the Combined Charging System (CCS), and the upcoming Megawatt Charging System (MCS), which is being commercially developed. The draft TR will soon be available for public consultation. Please register your interest to view the TR via go.gov.sg/mpa-tr-ehc-charging.

MPA has recently shortlisted a total of 11 passenger launch and cargo lighter vessel designs following an EOI launched on e-HC design proposals. MPA is working with researchers to enhance the various vessel designs and reduce their energy requirements. When ready, the reference designs can be progressively marketed, and production orders aggregated from the industry. This is expected to reap overall cost savings for companies making a transition to e-HC.

From 2030, all new harbour craft operating in the Port of Singapore will have to be fully electric, be capable of using B100 biofuel, or be compatible with net zero fuels such as hydrogen. For biofuels, blends of up to B50 are already commercially available. MPA is working with industry to develop the standards for up to B100.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 11 April 2024

Continue Reading

Battery

WK NatPower expands inland shipping electrification drive into Jiangsu

WK NatPower and Jiangsu Port Investment will strengthen collaboration across the maritime, port and clean energy sectors, bringing together expertise in shipping, port infrastructure and electrification technologies.

Admin

Published

on

By

WK NatPower expands inland shipping electrification drive into Jiangsu

Wah Kwong NatPower (WK NatPower) on Wednesday (2 September) said it signed a Memorandum of Understanding (MoU) with Jiangsu Port Group Investment Management Co Ltd (Jiangsu Port Investment), a wholly owned subsidiary of Jiangsu Port Group, at the Jiangsu International Maritime Conference in Nanjing. 

The company said the MoU strengthens collaboration across the maritime, port and clean energy sectors, bringing together expertise in shipping, port infrastructure and electrification technologies.

As China’s leading province for inland waterway transport, with the country’s largest inland waterway network, Jiangsu plays a critical role in the nation’s shipping and logistics system. 

“The partnership represents a strategic step in WK NatPower’s China strategy,” the company said in a statement. 

Building on the momentum of its Zhejiang projects, WK NatPower is extending its footprint further into one of the country’s most significant inland shipping areas. By leveraging the strengths of their respective parent companies, Jiangsu Port Group, Wah Kwong Maritime Transport and NatPower, the parties will also establish a cooperation mechanism to explore opportunities for deeper collaboration and enhance the complementary use of global maritime and port resources.

From a technological perspective, WK NatPower is evolving from individual charging infrastructure towards integrated energy systems combining charging, battery storage and battery-swapping solutions capable of serving a broader range of operational scenarios. 

By combining the international experience and global network of WK NatPower and its partner NatPower Marine, with Jiangsu Port Group’s local resources and project delivery capabilities, the partnership will promote coordinated regional development. 

It also demonstrates WK NatPower’s commitment to the electrification of China’s inland waterway transport sector.

 

Photo credit: Wah Kwong NatPower
Published: 3 September, 2026

Continue Reading

Battery

Port electrification could cut 10% of international shipping emissions, study finds

Finding offered hope that the 10% of international shipping emissions which occur within port areas, can be effectively mitigated via electrification technologies such as cold ironing at berth.

Admin

Published

on

By

RESIZED Chris Pagan

UCL Shipping and Oceans Research Group on Thursday (27 August) said new research has suggested that 10% of international shipping emissions occur within port areas globally. 

The finding offered hope that these emissions can be effectively mitigated via electrification technologies such as cold ironing at berth, switching to battery electric propulsion whilst idling or manoeuvring at port and converting vessels engaged with short-sea routes to battery-operated electric vessels. 

Presented as an interactive tool on the UCL Shipping and Oceans Research Group website, the ‘Shipping GHG Emissions Explorer’ aims to improve the evidence base supporting IMO negotiations due to resume next week on the adoption of the Net Zero Framework (NZF). 

Built using a dataset of 1.2 million voyages undertaken by over 43,000 unique vessels across a single year, the tool offers IMO delegations visibility on which of 575 million tonnes of CO2e emissions generated by international shipping can be attributed to their country’s economic activity.

James Stewart, Research Fellow in the Analytics of Energy and Transport at the UCL Shipping and Oceans Research Group, said: “Although imperfect, AIS-centred big data approaches have revolutionised our ability to understand key trends in the energy demands and GHG emissions associated with international shipping activity. The tool offers users the chance to benefit from this unprecedented clarity by downloading aggregate data directly from the platform, where interested parties are encouraged to explore and validate available statistics with any complementary datasets they may have access to.”

The tool offers energy demand and GHG emission statistics during port and voyage phases alongside disaggregation possibilities by vessel type, port and maritime trade partner, enabling users to explore key trends in international shipping activity. Future updates to the tool slated for release in September will provide users with additional statistics on state-level seaborne trade volumes and potential economic impacts of the proposed amendments to the IMO NZF ahead of their potential for adoption later in  the year.

Yoseph Ismail, Research Assistant at the UCL Shipping and Oceans Research Group, said: “Having the ability to breakdown international voyages by their ‘In port’ and ‘In voyage’ emissions has given us significant insight into what benefits electrification in port could bring. Our granular approach has allowed us to discover key trends in the country data. 

“For instance, 7 out of 10 countries in Latin America/Caribbean and 8 out of 10 in East Asia Pacific that have the highest in port emissions are small island nations. These countries emissions, are all well above global and regional averages, and often above 20%. Further analysis into the reasons for this could go a long way towards finding the most cost-effective solutions to bring down emissions.”

Note: The Shipping GHG Emissions Explorer can be found here.

 

Photo credit: Chris Pagan on Unsplash
Published: 31 August, 2026

Continue Reading

Alternative Fuels

Baltic Workboats delivers biomethane-powered multi-purpose workboat

“KRATT” is Estonia’s first large workboat to use biomethane as its primary fuel and is also equipped with a 400 kWh battery bank for electric propulsion.

Admin

Published

on

By

Baltic Workboats delivers biomethane-powered multi-purpose workboat

Baltic Workboats recently said a new 38-metre multi-purpose workboat, KRATT, built for the Estonian State Fleet, has been christened at its Nasva shipyard in Saaremaa on 12 August. 

KRATT is Estonia’s first large workboat to use biomethane as its primary fuel and is also equipped with a 400 kWh battery bank for electric propulsion. 

On biomethane, the vessel can travel up to 1,000 nautical miles at a speed of seven knots. On battery power, it can operate for up to two hours at five knots. The battery bank also allows the vessel to use electric power for up to ten hours while at anchor, reducing the need to run auxiliary engines as well as fuel consumption, emissions and noise levels.

From autumn, the vessel will carry out a wide range of maritime tasks in Estonian waters, from buoy handling and fairway maintenance to marine research, pollution response and rescue operations.

According to Andres Laasma, Director General of the Estonian State Fleet, the gradual renewal of the state-owned fleet is essential to ensure the country’s ability to carry out its maritime duties.

“Our main workboats today are on average 30-40 years old, and maintaining their reliability is becoming more difficult and costly year by year. The new workboat KRATT will help ease this situation, as it is a multi-purpose vessel capable of performing a wide range of tasks,” Laasma said.

KRATT is the first major workboat ordered by the state in the past ten years.

 

Photo credit: Baltic Workboats
Published: 19 August, 2026

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending