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OceanScore opens new Singapore office for Asia Pacific expansion

New office will enable firm to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with EU ETS and FuelEU Maritime.

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OceanScore opens new Singapore office for Asia Pacific expansion

Hamburg-based technology platform OceanScore on Wednesday (31 July) said it has opened a new office in Singapore that will enable it to better serve regional clients as the company sees rising Asian demand for its digital solutions geared towards efficient regulatory compliance with the EU ETS and FuelEU Maritime.

“Our list of global clients is growing steadily in line with the industry’s pressing need to navigate the complexities of these new regulations. Establishing a presence in this leading maritime hub allows us to cater more effectively for our clientele in this region,” said OceanScore’s Managing Director Albrecht Grell.

The new locale in the Lion City marked the latest expansion by the Hamburg-based maritime technology firm, which also has offices in Poland and Madeira, Portugal.

The office was formally opened on 30 July at a high-profile event attended by honorary guest Kenneth Lim, Assistant Chief Executive of the Maritime and Port Authority of Singapore.

“We are especially grateful to our client Blue Net Chartering and its Managing Director Fabian Oelze for being able to host our new office on its premises to facilitate this expansion,” said Grell, who hosted the event.

OceanScore has recently appointed Leo Grayson as Head of Commercial APAC to lead the Singapore team. 

“By providing dedicated expertise and responsive service on the ground, we will be able to readily support regional clients with the resources they need to tackle their compliance requirements,” Grayson said.

OceanScore said it already serves dozens of shipping companies that have signed up for its web-based digital application ETS Manager, an end-to-end management solution for automated tracking, allocation, invoicing and accounting of EU Allowances (EUAs/carbon credits) to simplify complexity of commercial processes and mitigate risk related to the EU Emissions Trading System (EU ETS). 

Grell said Singapore was selected as the next ‘port of call’ for the company due to its important strategic location for global shipping, with over 180 international shipping groups and around 4000 vessels registered there, as well as a strong sustainability-focused maritime cluster.

Singapore is one of the world’s busiest ports and serves as an important transit hub for ships plying the key trade route between East Asia and Europe that are now exposed to liabilities under the EU ETS, which requires 50% of emissions to be covered for voyages to/from the EU/EEA.

OceanScore now estimates a total EU ETS cost of nearly EUR 400 million for the 1120 liable vessels registered in Singapore once the regulation is fully implemented in 2026, based on a requirement for 5.5m EUAs and the current carbon price of EUR 70 per tonne.

This accounts for around a third of EUR 1.2 billion in total emissions liabilities for Asia-based players and roughly 7% of nearly 80 million EUAs to be surrendered by shipping globally, according to OceanScore.

“Singapore’s share of global EUAs is expected to rise around 3% annually, based on historic data modelling, and it is therefore important for shipping companies to get to grips with the EU ETS by having efficient administrative processes in place to gain control of EUA costs and mitigate their exposure, while also pursuing fleet decarbonisation measures,” Grell explained.

Following rapid industry uptake of ETS Manager after its launch in 2023, OceanScore is now preparing to launch its suite of FuelEU solutions on 4 September. This will include the FuelEU Planner that will allow the user to monitor compliance balances, simulate different courses of action, assess the full commercial impact of different fuel choices, and prepare annual budgets.

“A salient feature is the ability to simulate different scenarios for modelling the total cost of measures related to FuelEU such as using alternative bunkers, taking shorepower or assessing wind-assisted propulsion,” Grell explained. 

“In addition, penalty mitigation measures such as vessel pooling, banking or borrowing can be assessed.”

“Having such data-driven infrastructure in place will be a necessity for players in Singapore and elsewhere in managing the cost implications and risks of the new regulation.”

 

Photo credit: OceanScore
Published: 1 August 2024

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Methanol

China launches first simulation training platform for methanol bunkering operations

Through the real-life simulation, the platform helps ship operators improve their safety management and emergency response capabilities, improving the development of green shipping technologies.

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Zhoushan Port Anchorage

China launched its first training platform to simulate methanol bunkering operations at Putuo District, Zhoushan on 15 January. 

The Methanol Bunkering System Simulation Training Platform V1.0 was created to fill technical gaps in domestic methanol bunkering training and exercises, in light of the growing demand and popularity for methanol in the shipping industry.  

Through the real-life simulation, the platform helps ship operators improve their safety management and emergency response capabilities, improving the development of green shipping technologies.

The platform was jointly developed by Zhejiang Ocean-U New Energy System Engineering and Zhejiang Ocean University. 

At the press conference , Zhejiang Ocean-U New Energy System Engineering successfully signed its first purchase agreement with Seacon Ships Management (Zhejiang), making Seacon the first customer to purchase the platform service. 

Wang Guofeng, chairman of Seacon, said that the platform has great potential in improving crew operating efficiency and safety, and he looks forward to deeper cooperation with Zhejiang Ocean-U New Energy System Engineering in the future.

Professor Lu Jinshu, Vice President of Zhejiang Ocean University, said they will continuously improve the platform to contribute more in the field of green shipping solutions to the industry. 

 

Photo credit: Manifold Times
Published: 23 January, 2025

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Hydrogen

Klaipėda Port launches Lithuania’s first hydrogen-powered vessel

Tanker’s power system, which will consist of two electric motors powered by 2,000 kWh batteries and a hydrogen fuel cell system, will enable it to operate for up to 36 hours without additional power charging.

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Klaipėda Port launches Lithuania’s first hydrogen-powered vessel

Klaipėda State Seaport Authority on Wednesday (22 January) said the first ever green hydrogen and electricity-powered ship in Lithuania has been moved from shipyard into water. 

Leaving no trace on the environment, it will clean other vessels entering the port, accepting waste from them.

According to the current rules, vessels are obliged to hand over the waste they produce when they arrive and before they leave Klaipėda Port. The Seaport Authority was entrusted with the collection of the waste, and the company decided to use modern and environmentally friendly equipment to further improve the quality of the ship waste collection service.

The tanker’s main function is to collect storm water, sewage, sludge and garbage, as well as to ensure efficient waste management. The ship will be equipped with special tanks and a modern rainwater treatment plant that will allow the treated water to be transferred to the city’s sewage treatment plants. The tanker will be ready to work around the clock and collect up to 400 cubic metres of liquid waste.

The tanker is 42 metres long and 10 metres wide. The ship’s power system will consist of two electric motors powered by 2,000 kWh batteries and a hydrogen fuel cell system. Depending on the intensity of the work, the tanker will be able to operate in the port of Klaipėda for up to 36 hours without additional power charging.

This ship building project with a total value of EUR 12 million (USD 12.5 million) has been commissioned by the Port Authority and is being built by West Baltic Shipyard together with Baltic Workboats under a joint operating agreement.

“We have not only launched a tanker, but also a new approach to port operations – cleaner, smarter and more environmentally friendly. This first ever hydrogen and electricity-powered ship is not only an innovative technological solution, but also an important step in strengthening Lithuania’s image as a modern maritime nation,” said Algis Latakas, Director General of Klaipėda State Seaport Authority.

“At the moment, the tanker is getting used to the seaport water, so to speak, and at the end of the year we expect it to start its important mission of taking care of the clean seaport environment. Such a decision will not leave a footprint on nature, but it will certainly leave a strong mark on our path to a greener future.”

In June last year, a symbolic keel-laying ceremony at the West Baltic Shipyard of the West Baltic Shipyard Group marked the start of the ship’s construction. To date, the hull has been fabricated and painted, with piping, valves, coolers, shaft lines, rudder feathers, heat and fire insulation installed.

Once the tanker is moved into the water, the engine room equipment will be installed, the interior of the wheelhouse will be redecorated, the electrical wiring and the main electrical engines will be installed, the hydrogen system will be installed and other work necessary for the operation of the ship will be carried out.

 

Photo credit: Klaipėda State Seaport Authority
Published: 23 January, 2025

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Biofuel

Dublin Bay Cruises opts for HVO bunker fuel for passenger ship “St. Bridget”

Firm launched its eco-friendly initiative by moving from fossil fuels to HVO, becoming the first domestic passenger ship operator in Ireland to adopt this sustainable practice.

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Dublin Bay Cruises opts for HVO bunker fuel to power passenger ship “St. Bridget”

Dublin Bay Cruises on Wednesday (22 January) announced the launch of its eco-friendly initiative by moving from fossil fuels to Hydrogenated Vegetable Oil (HVO) in their existing passenger ship St. Bridget

The company said it is now the first domestic passenger ship operator in Ireland to adopt this sustainable practice aimed at reducing environmental impact while enhancing the marine experience for visitors.

In adapting the Circular Economy Policy they have remanufactured the engines of St Bridget, making her more fuel-efficient, and dramatically reducing emissions. By doing this, instead of building from scratch, they not only reduced waste but also took a major step toward a greener future.

This change will reduce emissions by up to 90%, which will exceed the climate targets set by the EU and Ireland. This thoughtful investment underscores Dublin Bay Cruises’ commitment to environmental stewardship and sustainable tourism.

“Recently Dublin Bay Cruises faced a crucial decision—whether to invest in a larger vessel for increased passenger numbers or to reconsider our approach and focus on sustainability,” said founder and Managing Director Eugene Garrihy.

“After careful thought, we chose the latter. Our choice reflects not just a business decision, but a responsibility to the environment and the future of our coastal communities. We need to slow things down.”

Garrihy added: “We are deeply aware of the privilege and responsibility we have to operate in UNESCOs Dublin Bay Biosphere, one of the most beautiful marine environments in the world. This initiative is a reflection of our commitment to preserving Dublin Bay for future generations while still providing our customers with an unforgettable and sustainable marine experience,”

The transition includes substantial investments in reducing carbon emissions, improving energy efficiency onboard with solar panels, and incorporating green technologies into its daily operations. Dublin Bay Cruises has also partnered with Failte Ireland’s “Climate Action Programme” and with local marine conservation groups to support biodiversity and the protection of the rich marine life found in Dublin Bay.

Being the first domestic passenger ship in Ireland to take this important step is not just a milestone for Dublin Bay Cruises, but also hopefully an encouragement for others working in tourism industries to take the leap and follow suit in safeguarding Ireland’s natural heritage.

The company added St. Bridget will now continue to serve as a passenger ship for at least another decade, with far fewer emissions than before. 

 

Photo credit: Dublin Bay Cruises
Published: 23 January, 2025

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