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Rainmaking to accelerate inter-industry innovation platform to decarbonise shipping

The industry doesn’t want to decarbonise just to be compliant. We recognise the biggest threat is climate change […] and we want to be proactive, said Director.

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International corporate innovation and venture development firm Rainmaking on Monday (11 January) said it is seeking to accelerate its cross-industry, open innovation platform to tackle maritime decarbonisation and supply chain resilience in 2021.

Rainmaking Transport’s open innovation platform, first set up in Singapore in early 2020, seeks to foster accelerated collaboration between major industry players such as Vale Shipping and various technology startups to develop innovative solutions that can be adopted to facilitate maritime decarbonisation.

The platform has now run virtually allowing for global collaboration despite lockdowns. In 2020 alone, Rainmaking was able to scan over 4,000 startups within the spaces of Decarbonisation and Resilience.

One key challenge Rainmaking seeks to tackle in 2021 is to bring more actors together, getting customers and the industry decision-makers to view problems from the same perspective and work toward common goals.

“While in the early part of 2020, the world was focused on overcoming the immediate health threats of COVID-19, as the year wore on, this ‘black swan’ event highlighted the vulnerabilities of global business systems and supply chains. The importance of Rainmaking’s mission to tackle these challenges has become ever more apparent,” said Tarun Mehrotra, Director, Trade & Transport at Rainmaking.

“New regulation and changes to the maritime industry are often reaction-driven. Facing climate change is among the first instances where the industry is coming together to get ahead of the curve

“The industry doesn’t simply want to just decarbonise to meet a regulatory law or regulatory driver. We recognise the biggest threat the world faces is climate change. We want to be proactive.”

“Rainmaking has been an essential partner in augmenting Vale Shipping`s innovation pipeline. Thanks to both the Decarb and Supply Chain Resilience tracks, we have been engaging several start-ups with promising results, not only in decarbonisation, but also operational safety and other areas of interest,” added Guilherme Brega, Head of Vale Shipping.

“Digitalisation is the foundation of decarbonisation – with every byte of data used to make better decisions, we move a little bit closer to that ultimate outcome,” noted Matt Heider, CEO of Nautilus Labs, an innovative startup involved in Rainmaking’s Decarbonisation program.

“As we enter 2021 and the post-COVID era, greenhouse gas reductions continue to come to the forefront for every stakeholder, and digital transformation is the only way we’ll fully achieve them.”

Rainmaking said it is confident that its open innovation platform will serve as a conduit to industry-wide collaboration and cross-company co-operation in 2021.

Related: Wilhelmsen joins program by Rainmaking to drive decarbonisation in shipping
Related: Rainmaking selects startups to nurture towards decarbonisation of shipping 


Photo credit: Rainmaking
Published: 13 January, 2021

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LNG Bunkering

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“MT Diligence” was refuelled with 34 cubic metres of LNG bunker fuel, supplied by Pavilion Energy, marking the first LNG bunkering of TFG Marine’s bunker vessel.

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Singapore: Pavilion Energy supplies LNG to TFG Marine bunker tanker

Global marine fuel supply and procurement firm TFG Marine on Monday (20 May) announced the completion of the first liquefied natural gas (LNG) refuelling of its dual-fuel bunker tanker MT Diligence this week in Jurong Port, Singapore.

The 34 cubic metres (m3) of LNG to power the MT Diligence was supplied by the Marine division of Singapore-headquartered Pavilion Energy. 

“Deploying a vessel that can be powered by LNG as well as conventional low sulphur marine fuels helps TFG Marine to meet its licence requirement with the Maritime and Port Authority of Singapore (MPA),” TFG Marine said in a social media post.

Singapore: Pavilion Energy supplies LNG to TFG Marine dual-fuel bunker tanker

“Built and operated for TFG Marine by CBS Ventures Pte Ltd, the 5,000 dwt MT Diligence has been designed to our technical specifications, including stringent safety considerations and has joined our supply fleet this year in the major bunkering centre of Singapore.”

Manifold Times previously reported TFG Marine christening the first LNG dual-fuel bunker tanker to join its fleet.  

The newbuild vessel, MT Diligence, has joined the company's low sulphur fuel oil and biofuel supply operations in the major bunkering centre of Singapore.

Related: LNG dual-fuel bunker tanker “MT Diligence” joins TFG Marine fleet for Singapore ops

 

Photo credit: TFG Marine
Published: 21 May 2024

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Winding up

Singapore: Liquidators schedule final meeting for Sejahtera Shipping and related companies

Final meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 for Sejahtera Shipping, Molek Shipping and Madu Shipping.

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The final meetings of Sejahtera Shipping Pte Ltd and its related companies have been scheduled to take place on 21 June, according to the company’s liquidators on a notice posted on Monday (20 May) on the Government Gazette.

The other companies are Molek Shipping Pte Ltd and Madu Shipping Pte Ltd. 

The meetings will be held at 9 Raffles Place, #19-21 Republic Plaza Tower 2, Singapore 048619 at the following times:

  1. Sejahtera Shipping at 11am
  2. Molek Shipping at 10.30am
  3. Madu Shipping at 10am

They will be held for the purposes of having accounts laid before the meeting showing the manner in which the winding-up has been conducted and the property of the company disposed of, and of hearing any explanation that may be given by the liquidator.

The details of the liquidators are as follows:

Cheng Sam Tai Catherine
Liquidator
c/o Crowe Horwath First Trust Corporate Advisory Pte. Ltd.
9 Raffles Place, #19-20 Republic Plaza Tower 2, Singapore 048619

A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote in his stead. A proxy need not be a member of the company. The instrument appointing a proxy must be deposited at the Registered Office of the company not less than 48 hours before the time set for holding the meeting.

Related: Singapore: Sejahtera Shipping and related companies to be wound up voluntarily

 

Photo credit: Benjamin-child
Published: 21 May 2024

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Bunker Fuel

Island Oil eyes Korean market with new Seoul office

New office marked the company’s latest expansion within Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year.

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International marine fuel trading firm Island Oil on Monday (20 May) announced it has established an office in Seoul.

This marked the company’s latest expansion within the Far East and Southeast Asia markets, following the opening of the company’s Hong Kong office last year. 

Additionally, Island Oil has several years of established presence in Singapore, along with a representative office in Shanghai. 

Mr. Yongje (Jayden) Choi will be heading the Seoul office as Business Development Manager. 

Jayden

Mr. Yongje (Jayden) Choi

“We welcome Jayden to the Island Oil family”, said Mr. Michell Kamphorst, Head of International Trading, Asia at Island Oil.  

“His expertise in the Korean market will provide an immediate impact as we inaugurate our Seoul office, marking another significant milestone in our Asia expansion.”

“Stepping into Island Oil, I am impressed by their dedication to maintaining a culture of dignity and respect for all team members, as well as their strong commitment to fairness and transparent communication”, said Choi.

“I am excited to be a part of Island Oil's journey towards greater growth and prosperity”, he concluded.

Note: Enquiries can be sent to Island Oil’s Seoul office via email at [email protected]

Related: Island Oil continues expansion into Chinese markets with new Hong Kong trading office
Related: Island Oil and Island Petroleum receive ISCC EU certification for bio bunker fuels

 

Photo credit: TANIM MUNSHI on Unsplash / Island Oil
Published: 21 May 2024

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