Decarbonisation

Singapore: MPA and GCNS to collaborate in carbon accounting and management

Both will work together to develop training workshops to meet the carbon accounting and management needs of maritime companies, including information sharing on green financing and funding schemes.

Published

8 months ago

August 14, 2024

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The Maritime and Port Authority of Singapore (MPA) on Wednesday (14 August) said it signed a memorandum of understanding (MoU) with UN Global Compact Network Singapore (GCNS) to help strengthen the maritime industry’s capacity in carbon accounting and management.

The MoU builds on the long-standing collaboration between MPA and GCNS to raise sustainability capabilities in the maritime sector, which includes an MoU signed in 2017 to provide maritime companies with training on sustainability reporting.

The MoU was further expanded to include Singapore Shipping Association (SSA) in 2021 to support the development of capabilities in carbon accounting through training and recognition. Through the initiative, 15 companies have since been awarded the Maritime Singapore LowCarbon50 Award over the past three years for their decarbonisation plans and accurate carbon accounting.

Under the new MoU signed today, MPA and GCNS will collaborate with key industry associations, including the Association of Regional Ferry Operators, Association of Singapore Marine & Offshore Energy Industries (ASMI), the Singapore Association of Shipsuppliers and Services (SASS), and SSA to train their members through workshops on the use of the Carbon Emissions Recording Tool (CERT) to measure and monitor their companies carbon emissions.

The MoU partners will work together to develop training workshops to meet the carbon accounting and management needs of maritime companies, including information sharing on green financing and funding schemes that maritime companies can tap on to reduce their deployment cost of low and zero-carbon emission technologies and vessel designs.

Mr Teo Eng Dih, Chief Executive of MPA, said, “This MoU with GCNS reaffirms the importance of carbon accounting and management tools, to help maritime companies to accurately measure, report and verify their carbon emissions. We look forward to collaborating with GCNS and industry associations to help maritime companies meet their emission targets and compliance requirements.”

Ms Veronica Lai, Vice President of GCNS, said, “GCNS is delighted to strengthen this vital partnership with MPA and the trade associations of ASMI, ARFO, SASS and SSA. We firmly believe that collaboration within the industry is essential for advancing Singapore’s maritime decarbonisation efforts, and this MoU is a testament of that commitment. We look forward to working hand in hand with MPA and our industry partners to equip local companies with the resources and knowledge to effectively manage their emissions. We are excited to support and facilitate the maritime sector in navigating their transition towards a low-carbon future.”

Mr Simon Kuik, President of ASMI, said, “The Marine & Offshore Energy is transforming, pivoting towards greener and cleaner product solutions. Our sector is building up ESG competencies across its value chains. Through ASMI Decarbonisation Champion Initiative launched in April 2023, we have trained 86 individuals from 33 companies so far and aim to train a further 160 for our member companies. This MPA-GCNS-Industry MoU marks another significant milestone of our collective journey, contributing to the effective decarbonisation and green transition of the sector.”

Mr Danny Lien, President of SASS, said, “SASS is looking forward to this collaboration with MPA, GCNS and the respective maritime associations to train and prepare the ship supplies industry in its decarbonisation journey. Equipping the industry with resources, know-how, and best practices will certainly help accelerate the net zero transition in the maritime industry. SASS and its members are committed to the Singapore maritime industry’s net zero goal.”

Ms Caroline Yang, President of SSA, said, “SSA is pleased to partner with GCNS and offer our members access to workshops where they will be introduced to CERT to manage their emissions. Additionally, they will benefit from shared information on green financing and funding initiatives. These advantages align with SSA’s 2030 Vision and support the industry's transition to a greener future. Furthermore, we note that this collaboration brings together all maritime-related trade associations within the ecosystem, signalling a positive step towards a greener Maritime Singapore.”

Photo credit: Justin Lim on Unsplash
Published: 14 August, 2024

Related Topics:Business - Events Business - MoU Port & Regulatory - Decarbonisation

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FuelEU

FincoEnergies launches pooling service for FuelEU Maritime compliance

FuelEU Pooling service enables undercompliant vessels to meet their compliance targets by pooling with vessels running on GoodFuels sustainable bio bunker fuels.

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9 hours ago

April 21, 2025

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GoodFuels biofuel supplier FincoEnergies on Wednesday (16 April) announced the launch of its FuelEU Pooling service, created to enable shipowners to meet FuelEU Maritime compliance in a cost-effective way.

FuelEU Maritime, effective from 1 January 2025, mandates the reduction of greenhouse gas intensity of energy used on board ships trading in the EU. For many operators, particularly those with limited access to low-carbon fuels, compliance can be both complex and costly.

Designed for shipowners, operators, charterers, and technical managers, FincoEnergies’ FuelEU Pooling service enables undercompliant vessels to meet their compliance targets by pooling with vessels running on GoodFuels sustainable biofuels, when these vessels are overcompliant and have ‘Surplus’ emission reduction available for allocation.

FincoEnergies also partnered with Lloyd’s Register (LR), who supported the development of the service. Their technical expertise has enabled shaping a solution that aligns with both regulatory requirements and FincoEnergies' established position as a biofuel supplier in the fuel supply chain.

“FuelEU Maritime represents one of the most important regulatory shifts for the shipping industry in decades,” said Alberto Perez, Global Head, Maritime Commercial Markets at LR. “By integrating technical expertise with strategic guidance, we ensure shipowners, operators, and suppliers not only comply with evolving emissions standards, but also proactively transform their operations, embracing new technologies and alternative fuels to ensure a sustainable and profitable future.”

“With a decade of experience in biofuel bunkers and carbon certificate trading in the voluntary market, we are excited to expand our creative and solution-oriented product portfolio with FuelEU Pooling,” said Johannes Schurmann, Commercial Director International Marine at FincoEnergies.

“Thanks to our physical presence in the supply chain, shipping companies looking for FuelEU surplus can confidently rely on us as a trusted partner in their decarbonisation journey.”

Through its role as Pool Organiser, FincoEnergies streamlines the entire pooling process – from performing biofuel bunkers and prefinancing Surplus, to Surplus allocation and pool verification. With cost-effective pricing, FuelEU Pooling provides shipping companies with a competitive alternative for changing their fuel mix themselves.

Photo credit: FincoEnergies
Published: 21 April, 2025

ECA

PO/Marine launches supply of MED ECA-compliant ULSFO bunker fuel

In preparation of the upcoming Mediterranean Emission Control Area regulation, PO/Marine successfully delivered its first supply of ULSFO with 0.10% sulphur content on 15 April.

Published

9 hours ago

April 21, 2025

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Aydın Yıldız, Head of Marine Sales at Petrol Ofisi Group

Petrol Ofisi’s bunkering arm PO/Marine on Thursday (17 April) said it has completed the bunkering operation of ULSFO—a marine fuel with 0.10% sulphur content—in alignment with the upcoming Mediterranean Emission Control Area (MED ECA) regulation.

Under the new regulation, all vessels operating within the Mediterranean must use low-sulphur marine fuels.

Effective 1 May 2025, the Mediterranean will officially be designated as an Emission Control Area (MED ECA), prohibiting the use of marine fuels with sulphur content exceeding 0.10%.

In preparation for this regulatory transition, PO/Marine successfully delivered its first supply of ULSFO (Ultra Low Sulphur Fuel Oil) with 0.10% sulphur content on 15 April.

PO/Marine launches supply of MED ECA-compliant ULSFO bunker fuel

Aydın Yıldız, Senior Maritime Manager at Petrol Ofisi Group, said: “Our leadership in the maritime fuel sector is defined not only by our market share but also by the innovative steps we take to shape the industry.

“Successfully completing the supply of marine fuel with 0.10% sulphur content in alignment with the MED ECA transition in Türkiye is a concrete reflection of this. We previously led the way with the country’s first VLSFO bunkering operation, setting a precedent in our sector.

“With our ULSFO bunkering, we have once again demonstrated that we are setting the standard in Türkiye’s marine fuel landscape. The designation of the Mediterranean as an Emission Control Area is not only a regional development but a historic turning point for global maritime operations.”

Photo credit: PO/Marine
Published: 21 April, 2025

LNG Bunkering

Ballast Nedam Infra and Hakkers Waterbouw to build sea jetty for new LNG terminal

Jetty, which will be built as part of a LNG terminal in Germany, will be equipped to receive ships up to 267,000 m³; a smaller berth will be built for LNG bunker vessels and barges.

Published

9 hours ago

April 21, 2025

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Ballast Nedam Infra and Hakkers Waterbouw to build sea jetty for new LNG terminal

Netherlands-based Hakkers Waterbouw recently said it will be partnering with Ballast Nedam Infra for the construction of a large sea jetty as part of a new LNG terminal in Brunsbüttel, Germany.

The jetty will be equipped to receive ships up to 267,000 m³. In addition to the main berth, a smaller berth will also be built for LNG bunker vessels and barges. The jetty offers an unloading capacity of 14,000 m³ per hour and a loading capacity of 3,000 m³ per hour.

“The development of the LNG terminal and sea jetty fits in with the growing demand for sustainable energy solutions in Europe,” Hakkers said on its website.

“The project contributes to the European energy transition and to a safe, reliable energy supply for the future. With this collaboration, Ballast Nedam Infra and Hakkers Waterbouw are taking an important step in the realisation of sustainable infrastructure and further European collaboration.”

The order was placed on behalf of German LNG and will be executed as a subcontractor to main contractor CS Gas North. This is a collaboration between the Spanish companies Cobra and Sener.

Construction of the sea jetty will start in the summer of 2025 and is expected to be completed in early 2027.

Richard Majoor, director at Ballast Nedam Infra, said: “In combination with Hakkers and CS Gas North, we want to build a proactive and efficient collaboration.

“Ballast Nedam and Hakkers complement each other well: Ballast Nedam has extensive experience in project management for complex construction projects, while Hakkers, as a specialist in hydraulic engineering and steel construction, adds substantive value.”

Hein van Laar, commercial director at Hakkers Waterbouw, added: “As a specialist in heavy hydraulic engineering piling and steel construction, we are particularly proud to realise this project. We see that we can really add something in Germany with our expertise.”

Photo credit: Hakkers Waterbouw
Published: 21 April, 2025