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Alternative Fuels

Singapore startup Pyxis to scale up production of electric harbour crafts with seed fund

Pyxis has raised SGD 4.5 million in its seed funding round co-led by Motion Ventures and Shift4Good, which it will use to develop its electrification technology and ramp up production of harbour crafts.

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Maritime and Port Authority of Singapore electric harbour crafts

Pyxis, a maritime electrification startup headquartered in Singapore, on Thursday (1 February) said it has raised SGD 4.5 million (USD 3.4 million) in its seed funding round co-led by maritime innovation focused fund Motion Ventures and impact fund Shift4Good.

The oversubscribed round also saw participation from Enterprise Singapore’s investment arm Seeds Capital, along with MarImpact, an equity investment platform by Transport Capital focused on low to zero emission vessels, ShipsFocus, a maritime technology venture fund, strategic marine operators and local firms including Tian San Shipping, Kim Ann Investments and LCC Resources.

Pyxis will leverage the fresh funds to accelerate the development of its electrification technology and scale up production for its various lines of electric harbour crafts.

The company was founded in 2022 by Tommy Phun, who is also a Director at local marine services provider and vessel owner-operator Eng Hup Shipping, with a decade of experience in the maritime industry.

Pyxis aims to ease mass commercialisation and adoption of electric coastal vessels by offering a one-stop, streamlined solution for existing maritime vessel owners to decarbonise their fleets comprehensively without high upfront costs.

The Maritime and Port Authority of Singapore (MPA) has mandated that all new harbour crafts operating in Singapore from 2030 will have to be fully electric, run on biofuels or be compatible with net zero fuels such as hydrogen. All harbour crafts are required to achieve net-zero emissions by 2050.

“Pyxis is an answer to the global pivot to a greener and more sustainable maritime. We are on a rapid growth trajectory and the funds will assist us in achieving our net-zero goals ahead of the timeline. Our immediate focus will be to scale up production to fulfill our pipeline of order books,” said Phun, Pyxis Chief Executive.

“We are excited to confirm Shift4Good’s investment in Pyxis and looking forward to supporting the growth of the company in the coming years. Coastal vessels are very strong candidates for electrification since the range limitations of electric batteries are less of a concern. In Singapore alone, there are about 1,200 coastal vessels that could become electric by 2030. The market opportunity is huge, and we can’t wait to see the launch of the first vessel in Singapore very soon,” said Sebastien Guillaud, Co-Founder and General Partner at Shift4Good.

“Motion Ventures is thrilled to support Pyxis in our shared ambition towards maritime electrification, leveraging strong partnerships and backing from Shift4Good, Mitsui O.S.K Lines, Seeds Capital, and more. This collective effort marks a significant step towards a more sustainable and innovative maritime industry,” said Shaun Hon, Founder and General Partner of Motion Ventures.

In November last year, the company announced a collaboration with Japanese shipping company Mitsui O.S.K Lines (MOL) to develop and market electric vessels in Singapore and Japan.

In January, Pyxis, together with SP Mobility, a subsidiary of utilities major SP Group, was selected by the Maritime and Port Authority of Singapore (MPA) to pilot its vessel charging concept at Marina South Pier. 

Data collected will contribute towards the development of a national electric harbour craft (e-HC) charging infrastructure master plan, implementation plan, and national standards for e-HC charging infrastructure. This follows an earlier global call for proposal (CFP) issued by MPA to develop, operate and maintain e-HC charging points in Singapore.

Related: MOL and Pyxis to develop and market electric vessels in Singapore and Japan
Related: Singapore: Pyxis, Sydrogen to deploy hydrogen fuel solutions including harbour craft electrification
Related: MPA: Singapore to trial vessel charging concepts for electric harbour craft
Related: Singapore: MPA calls for proposals to design electric harbour craft
Related: Singapore: MPA issues call for proposal to develop electric harbour craft charging points
Related: Singapore: MPA calls for financiers and insurers to support adoption of electric harbour craft
Related: Singapore: MPA to conduct industry briefing on EOI for electric harbour craft
Related: Singapore harbourcraft will need to reach net-zero emissions by 2050
Related: MPA factsheet outlines local schemes on reducing carbon emissions

 

Photo credit: Maritime and Port Authority of Singapore
Published: 2 February, 2024

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LNG Bunkering

Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Bunker tanker “FueLNG Bellina” successfully delivered LNG bunker fuel to “BYD Shenzhen”, the world’s largest LNG-fuelled car carrier at Singapore anchorage during its maiden voyage.

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Singapore: FueLNG achieves 400th LNG bunkering operation milestone

Singapore’s licensed LNG bunker supplier FueLNG on Thursday (15 May) announced the successful completion of its 400th LNG ship-to-ship (STS) bunkering operation in the republic.

FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum Pte Ltd, marked the milestone with bunker tanker FueLNG Bellina successfully refuelling BYD Shenzhen, the world’s largest LNG-fuelled car carrier, at Singapore anchorage during its maiden voyage.

“With a capacity of 9,200 vehicles and equipped with dual-fuel LNG propulsion, the BYD SHENZHEN represents the next generation of low-emission maritime transport,” it said in a social media post. 

Shell said it supported BYD Shenzhen on its maiden voyage as the supplier of the LNG bunker fuel. 

“Like all LNG dual fuel vessels, BYD Shenzhen is on the pathway to net zero emissions. She can take bio-LNG, and in the future e-LNG, in her fuel mix for further emission reduction and regulatory compliance,” it said in a separate social media post. 

 

Photo credit: Shell
Published: 16 May, 2025

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Biofuel

Hong Kong: CPN hits new record for China’s largest B24 biofuel bunkering operation

Chimbusco Pan Nation delivered 6,300 mt of B24-VLSFO in Hong Kong to boxship “XIN LOS ANGELES” on 15 May, exceeding its previous record of 5,500 mt delivered in February 2025.

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Hong Kong: CPN hits new record for China's largest B24 biofuel bunkering operation

Hong Kong-based bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) on Friday (16 May) said it has set a record for China’s largest B24 marine biofuel bunkering operation.

CPN said it delivered 6,300 metric tonnes (mt) of B24-VLSFO in Hong Kong to container ship XIN LOS ANGELES on 15 May. 

The supply exceeded CPN’s previous record of 5,500 mt delivered to the same ship in February 2025.

“This collaboration reinforces CPN’s ability to execute large-scale marine biofuel bunkering with precision and reliability,” the company said in a social media post.

“By consistently supplying large volumes of B24 marine biofuel, CPN supports reduced carbon emissions and sustainable shipping practices globally.”

Related: CPN achieves largest B24 bio bunker fuel delivery in Hong Kong and China

 

Photo credit: Chimbusco Pan Nation Petro-Chemical
Published: 16 May, 2025

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Alternative Fuels

St1 delivers first locally produced biomethane to Swedish maritime sector for bunkering

St1 and its venture St1 Biokraft delivered their own Swedish-produced liquefied biomethane to Terntank’s vessel “Tern Ocean” in a bunkering operation at Port of Gothenburg.

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St1 delivers first locally produced biomethane to Swedish maritime sector for bunkering

Finnish energy company St1 and its venture St1 Biokraft delivered their own Swedish-produced liquefied biomethane, also known as bio-LNG, to the local maritime sector for the first time, according to Port of Gothenburg on Thursday (15 May). 

Terntank’s vessel Tern Ocean was bunkered with the biomethane at the Port of Gothenburg. 

St1 and St1 Biokraft are now aiming to become large-scale suppliers of biomethane for shipping, while the Port of Gothenburg continues to pursue its goal of becoming Scandinavia’s primary bunkering hub for alternative fuels.

The bunkering operation recently carried out at quay 519 in the Port of Gothenburg was an important pilot test for St1 and St1 Biokraft as suppliers of biomethane to the maritime sector. The operation also served as a pressure test of the collaboration required across all parts of the value chain, with Terntank, gas infrastructure owner Nordion Energi, and the producers themselves all playing crucial roles.

“In order to accelerate the maritime sector’s transition, it is essential that all actors across the value chain pull in the same direction, cooperate, and translate ambitions into practice. We are pleased to have all of this in place at the Port of Gothenburg,” said Therese Jällbrink, Head of Renewable Energy at the Port of Gothenburg.

“Liquefied biomethane is an important part of the fuel palette that must be available to support the shipping industry’s transition. It is one of the fuels the Port of Gothenburg is working with within the framework of green shipping corridors, aimed at creating the conditions for fossil-free logistics chains. This bunkering operation brings us another step closer to our ambition of becoming Scandinavia’s primary bunkering hub for alternative fuels.”

St1 and St1 Biokraft have ambitions to become large-scale suppliers of liquefied biomethane for the maritime sector, with several new production facilities planned across Sweden.

In 2026, energy infrastructure company Nordion Energi will build a liquefaction facility for biomethane at the Port of Gothenburg, which will be connected to the West Sweden gas grid. With the facility in place, a new opportunity will be created for biomethane producers connected to the gas network to reach the maritime market.

“Once the liquefaction plant is completed, we will have a solid solution in place at the Port of Gothenburg. This is a strategic step towards our goal of scaling up and offering competitive liquefied biomethane to the shipping sector, thereby taking a leading position in this segment,” said Ted Gustavsson, Head of Value Chain at St1 Biokraft.

 

Photo credit: Port of Gothenburg
Published: 16 May, 2025

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