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Netherlands: ZES to receive USD 54 million in push for electrification of inland shipping sector

Investment to be used for the development of 75 battery containers for maritime application, 14 docking stations and 45 electrified inland vessels.

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Zero Emission Services (ZES), provider of a full range of products and services for zero-emission inland shipping, on Thursday (14 April) said it will receive a USD 54 million (€50 million) investment through the Nationaal Groeifonds for the accelerated implementation of their innovative system solution for inland shipping. 

This is an investment in the entire value chain in which ZES operates. The investment will be used for the development of 75 battery containers for maritime application (ZESpacks), 14 docking stations where the ZESpacks are charged and 45 electrified inland vessels.

“This is not only good news for the inland shipping sector and for ZES, but above all, it leads to a better living environment. Now, completely clean sailing will be possible without the emission of CO2, nitrogen and particulates. In addition, it is also silent. The Nationaal Groeifonds supports skippers in investing in an electric propulsion line. Zero Emission Services can now invest in the most expensive part, the battery containers, so that these skippers only pay for use,” said Bart Hoevenaars, CEO of ZES.  

“With the support, publicly accessible docking stations can also be realised along a number of crucial shipping routes for inland navigation in the Netherlands. By making it possible to invest in these three things simultaneously, the well-known chicken-and-egg dilemma for green transport is broken.”

“We thank the Ministry of I&W for their cooperation in the past year in going through this careful process. Together with them, we are convinced that with this support, the Nationaal Groeifonds will strengthen the competitive position of this important transport sector for the Netherlands. “

Accelerated scaling possible

Unless there is simultaneous investment in electrically powered ships, battery containers and docking infrastructure, the breakthrough towards zero-emission will not happen. ZESpacks cannot be used on ships without an electric drive train and the ships that do have an electric drive train cannot be charged without a docking infrastructure.  

Cooperation and coordination between the parties involved is crucial. The €50 million investment makes it possible to simultaneously invest in the docking infrastructure, the energy carriers and the ships with an electric drive line.

The investment of the Nationaal Groeifonds is an investment in a proven system. The first ship, the Alphenaar of CCT, has been sailing on the basis of exchangeable energy containers since September 2021. The ship sails between Alphen aan den Rijn and Moerdijk in service for Heineken. 

Heineken and its carrier CCT have both made considerable efforts to be able to operate the first zero-emission inland navigation vessel with the ZES system. With the investment of the Nationaal Groeifonds, the number of ships, batteries and docking stations can be scaled up more quickly. When the first 45 ships sail with the help of this investment, the expectation is that the market will be able to grow in number of ships, battery containers and docking stations by its own means.

Positive impact on the climate

If the Netherlands switches over completely to zero-emission inland navigation vessels, this will save a cumulative 6.6 megatonnes of CO2 and up to 17,500 tonnes of NOx by 2050. As a result, cities, nature areas and (inland) ports will become cleaner and quieter. 

The use of the ZESpacks also increases the adaptability of solar and wind parks, because they can store generated energy until the moment the energy is actually required. The physical infrastructure for the docking stations is thus a building block for a local ‘clean energy hub’. Apart from docking the battery containers with clean energy, docking stations also offer possibilities to reinforce the electricity grid. The battery containers that are charged here can also be used to balance the energy network. An increasingly topical theme in the Netherlands.

Boosting the economy and employment

The innovative character of the ZES concept creates jobs in new construction and the conversion of ships. After all, instead of buying new ships, existing ships can be converted to electrically powered ships. Other jobs are created within the daily operations of docking stations and other parts within the value chain. The ZES system offers the Netherlands opportunities to maintain its lead as an important, innovative logistics sector and can serve as an example for similar challenges in other sectors.

Nationaal Groeifonds

The Nationaal Groeifonds is an initiative of the Ministries of Economic Affairs & Climate Change and  Finance. With the Nationaal Groeifonds, the government is setting aside €20 billion for projects between 2021 and 2025. It concerns targeted investments for structural and sustainable economic growth.

With the “Green Deal Zeevaart, Binnenvaart en Havens”, the Netherlands commits itself to the objective of reducing the CO2 emissions of the Dutch inland shipping fleet by 40% to 50% in 2030 compared to 2015. Moreover, a minimum of 150 ships will have to sail zero-emission in that year.

 

Photo credit: Zero Emission Services
Published: 18 April, 2022

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Legal

Singapore withdraws remaining 127 charges against Hin Leong founder OK Lim

Lim Oon Kuin, also known as OK Lim, was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges on 17 July.

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RESIZED Sora Shimazaki on Pexels

Founder of collapsed oil trader Hin Leong Trading, Lim Oon Kuin, also known as OK Lim, has had the remaining 127 charges against him withdrawn, according to The Straits Times on Monday (20 July). 

OK Lim was issued a stern warning and a district court granted him a discharge amounting to an acquittal for these charges, including those for cheating, on 17 July. The discharge means Lim cannot be prosecuted again for the same offences.

Lim, 84, is currently serving a 13½-year prison sentence after the High Court reduced his original 17½-year jail term in March 2026. He was convicted in 2024 on two cheating charges and one count of abetting forgery in a case prosecutors described as one of Singapore’s most serious trade finance frauds.

Lim was convicted in May 2024 of two charges of cheating the Hongkong and Shanghai Banking Corporation (HSBC) and one count of abetting forgery that proceeded to trial out of a total of 130 criminal charges.

He was first charged in court on 14 August 2020, and was subsequently handed further charges in court on 25 September 2020, 30 April 2021 and 24 June 2021 for his role in perpetuating fraud on various financial institutions. 

A total of 130 charges were eventually brought against him for cheating and forgery-related offences.

Related: Singapore: Hin Leong Founder OK Lim gets jail term slashed to 13.5 years

 

Photo credit: Sora Shimazaki
Published: 21 July, 2026

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Winding up

Singapore: Coastal Logistics Pte Ltd to be wound up voluntarily

Coastal Logistics was reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd.

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RESIZED Drew Beamer

Several resolutions for Coastal Logistics Pte Ltd were made during an extraordinary general meeting held on 14 July, according to a notice in the Government Gazette on Friday (4 July).

The following resolutions were duly passed during the meeting:

As Special Resolution

  • That it has been proved to the satisfaction of the meeting that the Company cannot by reason of its liabilities continue its business and accordingly the Company be wound up voluntarily pursuant to Section 160(1)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018);

As Ordinary Resolutions

  • that Mr. Wong Pheng Cheong Martin and Ms. Koay May Yee, both care of FTI Consulting (Singapore) Pte Ltd, One Raffles Quay, #27-10 South Tower, Singapore 048583 be appointed as the joint and several Liquidators of the Company for the purpose of such winding up; and
  • that the Liquidators be at liberty to open, maintain and operate any bank account(s) or account(s) for monies received by them as Liquidators with such bank(s) as they deem fit; and
  • that a Committee of Inspection will not be formed.

Manifold Times previously reported Nicholas James Gronow, director of Heng Tong Fuels & Shipping and Coastal Logistics, filed statutory declarations for both companies stating the firms cannot continue their businesses due to liabilities.

Both companies were reportedly affiliated with troubled Singapore bunker player Coastal Oil (Singapore) Pte Ltd. 

In 2019, several vessels owned by both firms entered the sale & purchase (S&P) market in Singapore.

Related: Singapore: Director declares Heng Tong Fuels & Shipping’s inability to continue business
Related: Heng Tong Fuels & Shipping in court over DBS Bank bunker tanker loan
Related: Singapore: Bunker tanker “Coastal Neptune” arrested
Related: Heng Tong Fuels & Shipping, Coastal Logistics tankers enter S&P market

 

Photo credit: Drew Beamer
Published: 21 July, 2026

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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