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Singapore bunker volume down by 4.3% on year but biofuel sales surpasses LNG

Bunker sales in 2022 included about 140,000 tonnes of biofuel blends over more than 90 biofuel bunkering operations, surpassing the 16,000 tonnes in LNG bunker sales.

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While total volume declined by 4.3% year-on-year in Singapore, bunker sales in 2022 included about 140,000 tonnes of biofuel blends over more than 90 biofuel bunkering operations, surpassing the 16,000 tonnes in Liquefied Natural Gas (LNG) bunker sales.

This was one of the main highlights in a speech by Mr Chee Hong Tat, Senior Minister of State for Finance and Transport, who was the Guest-of-Honour at the annual Singapore Maritime Foundation New Year Conversations event on Friday (13 January). He spoke on the developments and 2022 performance of Maritime Singapore.

He said Singapore remained a favoured location for bunkers and has made progress in supplying alternative fuels, such as biofuels, to support maritime decarbonisation. A total of 47.9 million tonnes of bunker sales was registered in 2022.

Mr Chee added MPA has also developed a framework for licensed bunker suppliers to supply biofuel to vessels within the Port of Singapore. 

“A provisional standard for marine biofuel specifications, for blends of up to B50, was developed in consultation with industry and researchers to support trials by the maritime community on carbon emissions reduction potentials of biofuels. Currently, commercial sales of biofuel blends of up to B24 are available for the maritime sector in Singapore,” he said.

“In December 2022, MPA and the Energy Market Authority also launched an Expression of Interest (EOI), calling for proposals to build, own and operate low or zero-carbon ammonia power generation and bunkering solutions in Jurong Island. The EOI is open until end April 2023.”

Growing our International Maritime Centre and MarineTech Ecosystem

As a leading International Maritime Centre, Maritime Singapore is home to a diverse range of maritime businesses, with more than 170 international shipping groups as well as other maritime players in the areas of finance, insurance, cybersecurity, shipbroking, law and arbitration. Despite global inflationary pressures and supply chain disruptions, our International Maritime Centre has expanded steadily in 2022. 

Last year, total business spending by shipping companies exceeded S$4.3 billion, and more than 30 companies established or expanded their operations in Singapore, supported under programmes by the Maritime and Port Authority of Singapore (MPA). This is more than 30% higher than the number of companies which expanded operations or set up in Singapore in 2021.

Singapore was also recognised as the top international maritime city in the Xinhua-Baltic International Shipping Centre Development Index and Menon Economics-DNV’s Leading Maritime Cities of the World report. 

 MPA is working with the industry, research, and the investment community to grow our MarineTech ecosystem. The number of start-ups under Port Innovation Ecosystem Reimagined @BLOCK71 (PIER71TM) has grown from 17 in 2018 when PIER71TM was launched, to close to 100 today. These start-ups have raised overS$50 million in investment in the past four years, and four start-ups have also expanded their technology solutions abroad. MPA will continue to work with our partners to reach the goal of 150 MarineTech start-ups in Singapore by 2025.

Container, Cargo Throughput and Vessel Arrival Tonnage in 2022

The Port of Singapore is essential to Singapore’s connectivity and trade with the rest of the world. In 2022, Singapore’s position as a trusted, global transshipment hub was strengthened amidst challenging global economic conditions. The Port of Singapore remained resilient compared to the decline in global container trade of about 3 to 4% in 2022. Despite the global slowdown in production and consumption, Singapore’s container throughput in 2022 reached 37.3 million twenty-foot equivalent units (TEUs), the second-highest throughput on record, and a slight decline of 0.7% from the record throughput of 37.6 million TEUs in 2021. A total of 577.7 million tonnes of cargo in 2022 was handled. Vessel arrival tonnage hit 2.83 billion Gross Tonnage (GT).

Singapore Registry of Ships among Top Registries

The Singapore Registry of Ships (SRS) continues to rank as one of the top five largest ship registries globally, with a high-quality fleet. The total tonnage of ships under the Singapore flag in 2022 was close to 96 million GT, about a 4% increase from 2021. In 2022, 25 Singapore-flagged ships from 13 companies received Green Ship certificates under the Green Ship Programme. 

Since 2011, over 650 ships have been recognised under the programme, which will continue to evolve to support the decarbonisation of the maritime sector. The SRS expects to see a steady rise in green fleet, given Maritime Singapore’s continued efforts to attract green ships into the SRS through co-developing standards and pilots with research institutes and classification societies. 

Details of Singapore’s port performance for the last ten years, from 2013 to 2022, are listed in Annex A

Singapore’s International and Regional Efforts 

MPA continues to champion issues globally through active engagement and multi-stakeholder collaboration with international organisations, including the International Maritime Organization (IMO), the International Association of Marine Aids to Navigation and Lighthouse Authorities, the International Hydrographic Organization and the International Mobile Satellite Organization. 

In December 2022, Singapore’s Tan Hanqiang was appointed Vice-Chair of the IMO’s Marine Environment Protection Committee which will review the greenhouse gas emission reduction pathways and strategies at the IMO. The appointment is a testament to Singapore’s long-standing efforts to bring parties together for consensus-building at the international level.  

Singapore is also working with countries, research and industry stakeholders to develop Green and Digital Shipping Corridors (GDSC), which serve as valuable testbeds to trial new technologies and fuels in a sandbox environment, gain operational and safety experience, optimise route planning, prior to scaling up for wider adoption. To-date, Singapore has announced a GDSC collaboration with the Port of Rotterdam to establish the world’s longest green and digital shipping corridor, and is working with the Port of Los Angeles, the Port of Long Beach, and C40 Cities towards a corridor between Singapore and the San Pedro Bay port complex.  

The Next Bound of Growth for Maritime Singapore 

Maritime Singapore will capture new opportunities and drive further growth through continued investments in capability-building, talent development and innovation, and anchored by strong tripartite partnerships.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 16 January, 2023

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Singapore: A*STAR advances safety in handling of future marine fuels

Funds project to develop tool to predict the dispersion of ammonia and methanol in the event of accidental leakages during bunkering operations.

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Singapore’s Agency for Science, Technology and Research (A*STAR) on Thursday (7 November) awarded funding to a bunkering project at the 14th edition of the Singapore Maritime Institute (SMI) Forum.

The project, titled Dispersion Analysis and Simulations for Handling (DASH) of Future Fuels, is led and hosted by A*STAR Institute of High Performance Computing (A*STAR IHPC).

This joint initiative includes other A*STAR research institutes and public research partners such as CNRS@CREATE, the Technology Centre for Offshore and Marine, Singapore (TCOMS), and the Tropical Marine Science Institute (TMSI) at the National University of Singapore (NUS).

The project focuses on developing a multi-fidelity planning tool to predict the dispersion of ammonia and methanol in the event of accidental leakages during bunkering operations.

Essentially, the tool will integrate dispersion analysis, consequence simulations, and real-time environmental data to create a safety and risk management system that provides insights into the behaviour of these next-generation fuels.

The developed tool will be used to develop effective preventive measures, emergency response strategies, and mitigation plans for such scenarios.

“A*STAR IHPC is dedicated to developing next-generation tools to improve the design and safety of multi-fuel bunkering operations,” said Dr Su Yi, Executive Director of A*STAR IHPC.

“Through close collaboration with our partners, we aim to equip industry stakeholders with advanced simulation tools that assess potential leak scenarios and enhance safety planning, operations, and emergency response.

“This enables more informed, strategic decision-making that supports the maritime sector’s journey toward safer, more sustainable fuel solutions,”

Dr Chen Xinwei, Deputy Executive Director of SMI added, “Decarbonisation and sustainability are critical challenges facing the maritime industry.”

“SMI is pleased to support the DASH project with funding, highlighting our commitment to advancing the safe handling of alternative fuels – an essential step in achieving the sector’s decarbonisation objectives.”

 

Photo credit: Singapore Maritime Institute
Published: 11 November 2024

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Report: €40 billion needed for EU shipping’s energy transition

Building a supply chain for clean fuels in Europe is a priority for the industry to meet its decarbonisation targets and for Europe to achieve its climate targets, say stakeholders.

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Clean Maritime Fuels Platform

Clean Maritime Fuels Platform on Thursday (7 November) called on policymakers to create the regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.

The Draghi Report estimates that €40 billion in annual investments will be needed between 2031 and 2050 for the energy transition of shipping.

Building a supply chain for clean fuels in Europe is a priority for the industry to meet its decarbonisation targets and for Europe to achieve its climate targets.

Clean Maritime Fuels Platform supports the report’s conclusions regarding the need to:

  • De-risk investments in renewable and low carbon fuels, for example via schemes based on Contracts for Difference and auctions as a service.
  • Launch dedicated sectoral calls under the Innovation Fund for the first deployment of decarbonisation solutions. The 20 million EU ETS allowances allocated to the decarbonisation of the maritime sector until 2030 should be used as soon as possible.
  • Expand existing funding mechanisms for refuelling and recharging infrastructure.
  • Start building a supply chain for renewable and low-carbon fuels in the EU.

European manufacturing capacity should match demand for clean shipping fuels in Europe as much as possible, in line with the benchmark of the Net-Zero Industry Act.

“The Draghi Report has recognised the global leadership of European shipping and the need to remain internationally competitive. In order to meet our targets, we need clean fuels available in the market in sufficient quantities and at an affordable price. To ensure that the shipping energy transition happen, the EU should de-risk investment in renewable and low carbon fuels and start building a supply chain for renewable and low-carbon fuels in the EU. Moreover, existing funding mechanisms for refuelling infrastructure should be expanded to better ensure the security of supply of clean fuels for shipping”, said Sotiris Raptis, ECSA Secretary General.

"Mr. Draghi’s report acknowledges the strategic role of renewable and low-carbon fuels, particularly in decarbonising all transport modes. His report highlights the EU's leadership in this area and calls for a truly technology-neutral approach. We, European Fuel Manufacturers, believe the right EU policy framework and subsidies can create a robust business case to attract private investments and avoid de-industrialization, help the EU successfully deliver climate neutrality by 2050, ensure a secure supply of energy, and foster innovative, EU-based, globally competitive industry for the welfare of EU economies and citizens", stated Liana Gouta, Director General of FuelsEurope.

“By linking the FuelEU Maritime with the supply mandates of the Renewable Energy Directive and abolishing stringent eligibility criteria, we can gradually increase eFuel capacities in the maritime sector.”, said Ralf Diemer, Managing Director of the eFuel Alliance.

“The following decade will lead to a fundamental shift in the European maritime fuel supply structure owing to the introduction of new regulations. The Draghi report places renewable and low-carbon fuels at the forefront of decarbonisation for the hard-to-abate maritime sector, and our industry is fully ready to support European shipowners to achieve this transition in a sustainable and cost-efficient way”, said Angel Alvarez Alberdi, Secretary General of EWABA.

“It is crucial to create a fertile environment for companies to invest in the production of competitive clean shipping fuels in Europe. Building on the Net-Zero Industry Act and the recommendations of the Draghi report, policymakers need to focus on to the importance of building a robust European supply chain for hydrogen and hydrogen derivatives in the maritime sector”, said Daniel Fraile, Chief Policy Officer of Hydrogen Europe.

“In the spirit of the Draghi-report, and for stimulating public and private investments, the EU should ensure that its regulations are in line with global developments, also in the maritime domain and notably with the IMO”, said R. Tim Eestermans, Managing Director Europe, Methanol Institute.

 

Photo credit: Clean Maritime Fuels Platform
Published: 11 November 2024

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New agreements inked to advance marine electrification in Singapore

Lita Ocean, SeaTech Solutions, Pascal Technologies, and Evoy will develop a fully electric passenger harbour craft, specifically for Singapore, while Yinson GreenTech and Evoy will develop electric vessels.

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New agreements inked to advance marine electrification in Singapore

Innovation Norway and Team Norway on Wednesday (6 November) announced two agreements aimed at advancing sustainable maritime solutions, signed at the Singapore Norway Innovation Conference (SNIC) 2024.

The first agreement—a Letter of Intent (LOI)—was signed by Lita Ocean Pte Ltd, SeaTech Solutions International (S) Pte Ltd, Pascal Technologies AS, and Evoy AS, to develop a fully electric high-speed harbour craft specifically designed for Singapore’s maritime landscape. The second agreement—a Memorandum of Understanding (MoU)—was signed between Yinson GreenTech and Evoy, aiming to foster collaboration in marine electrification across Asia. 

The LOI signed between Lita Ocean, SeaTech Solutions, Pascal Technologies, and Evoy marks a key milestone in Singapore’s ongoing efforts to decarbonize its maritime industry. 

The project will develop a fully electric passenger harbour craft, integrating cutting-edge technologies like advanced electric propulsion and air lubrication systems to maximise energy efficiency and performance. This new vessel will set new standards for sustainable harbour operations and support Singapore’s green transformation goals in maritime transportation. 

Evoy sign MOU in Norway Singapore agreement 02

The collaboration builds on previous advancements in electric harbour crafts in Singapore, positioning the project as a critical step toward achieving maritime decarbonisation and a cleaner, greener future for the region. 

Additionally, Yinson GreenTech and Evoy have signed an MoU that will combine their strengths to drive marine electrification in the region. Yinson GreenTech’s electrification solutions, paired with Evoy’s electric propulsion systems, will support the conversion of internal combustion engine (ICE) vessels to electric power and foster the development of new electric vessels. 

This partnership is aimed at advancing the transition to a more sustainable maritime industry, with the shared goal of exploring new opportunities, collaborating on upcoming projects, and playing a key role in the broader transition to greener shipping solutions in Asia. 

The MoU was signed by Jan-Viggo Johansen, Managing Director of marinEV at Yinson GreenTech, and Mads Roland-Glimsholt, Business Development Manager at Evoy. 

“As a proud partner in this Norway-Singapore initiative, Evoy is excited to bring our high-performance electric propulsion systems to Singapore’s maritime landscape. We are committed to setting new standards in sustainable harbour craft and working with our partners to support a greener future in maritime transport” Mads Roland-Glimsholt, Business Development Manager at Evoy. 

 

Photo credit: Evoy
Published: 8 November, 2024

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