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Singapore to invest SGD 100 million to boost green efforts in marine and offshore energy

Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry, announces a new support package for marine and offshore engineering companies over the next five years.

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Singapore to invest SGD 100 million to boost green efforts in marine and offshore energy

Alvin Tan, Minister of State for the Ministry of Culture, Community and Youth & Ministry of Trade and Industry, on Tuesday (19 November) announced a new SGD100 million support package for marine and offshore engineering companies.

The package is aimed at fostering partnership and adopting solutions in growth areas including offshore wind, floating storage, and digitalisation over the next five years.

With the accelerating pace of the energy transition, Tan emphasised Singapore’s commitment to becoming a greener economy, with a goal of achieving net-zero emissions by 2050, as outlined in the nation’s Green Plan. 

Tan graced OSEA 2024 in Singapore where the three-day tradeshow welcomed more than 500 exhibitors and 15,000+ attendees from 100 countries, providing a comprehensive look at solutions and strategies driving the energy transition in the marine and offshore industries.

As part of the OSEA Gives Back initiative, complimentary conference access was extended to members of the broader community. This initiative is designed to promote inclusivity by providing opportunities for diverse participants to engage with industry leaders, exchange knowledge, and collaborate on innovative solutions. 

The conference emphasised the urgent need to accelerate the energy transition and foster global collaboration. Speakers highlighted the competitive advantage of adopting solutions now to meet regulatory targets, while stressing the need for faster adoption of transformative technologies, such as carbon capture and storage (CCS), alternative fuels and digital innovations for automation and efficiency.

Prof. Chan Eng Soon, Chairman for the OSEA Advisory Committee and Chief Executive Officer at Technology Centre for Offshore and Marine Singapore (TCOMS) commented on OSEA being at the forefront of innovation and driving sustainability. He said: “There is work still to be done; we must embrace the energy transition, collaborate, and learn from each other, because we all play a role in the low-carbon economy.”

Additionally, there were exclusive content sessions ranging from Executive Networking sessions, the OSEA Academy and Country Hotspots, specially designed to provide marketing information, innovation and trends. This included highlighting specific offshore energy market and investments potentials, as well as driving connections among decision makers and experts.

The industry’s need to decarbonise and change has brought unprecedented challenges and opportunities to the offshore energy market. 

This echoed across the exhibition hall, with leading companies such as Seatrium discussing and highlighting initiatives on new fuels, CCS, and cleaner offshore production for marine decarbonisation, as well as initiatives showcased by the group pavilions. 

Yinson GreenTech unveiled its new electric crew transfer vessel Hydroglyder, which is Singapore’s first fully electric hydrofoil vessel and marks a significant move towards sustainable marine innovation. 

Similarly, TechX@OSEA showcased transformative technologies, including startups shaping the future of offshore energy and driving innovation, collaboration, and the adoption of solutions that enhance business capabilities and sustainability. 

Leedon Nox reinforced its core capabilities as an industrial gas supplier with engineering and consultancy expertise ensuring reliability for customers in offshore operations, while Aramco displayed initiatives that support the future of energy, powering economies that fuel progress worldwide. 

Strategic Marine, Mirai Ships Inc., and Ragnar Energy Solutions signed a Memorandum of Understanding for the construction of Crew Transfer Vessels (CTVs) to support the growing Japanese offshore energy market and advancing global shipbuilding collaboration.

Mr. Sukumar Verma, Managing Director, Informa Markets Singapore, said: “Forging partnerships, collaboration, and community building will play a vital role in the transformation of the offshore energy industry. OSEA reinforces the power and reputation of Singapore as an important leader in global offshore energy and as a key maritime hub.”

“I am proud of how Informa Markets continues to provide an inspiring and informative platform for the offshore energy community with creative thinking to support professional development, individual wellbeing and industry growth. Thank you to all exhibitors, speakers, partners and visitors for your excellent collaboration.” 

OSEA will return to Singapore in November 2026.  More information on this can be found here

Informa Markets will host its next maritime event, Sea Asia, in Singapore in March 2025 – marking its 10th edition as the premier international marketplace for the maritime industry. 

 

Photo credit: OSEA 2024, Informa Markets Singapore
Published: 25 November, 2024 

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Bunker Fuel

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

4.59 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt recorded during the similar month in 2024, according to MPA.

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Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Sales of marine fuel at Singapore port increased by 7.5% on year in June 2025, according to Maritime and Port Authority of Singapore (MPA) data.

In total, 4.59 million metric tonnes (mt) (exact 4,594,700 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in June, up from 4.27 million mt (4,274,900 mt) recorded during the similar month in 2024.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 1.70 million mt (+8.6% from 1.56 million mt), 2.31 million mt (-7.2% from 2.33 million mt), 1,900 mt (from zero), 4,500 mt (-88% from 8,000 mt) and zero (from zero).

Singapore: Bunker fuel sales soar by 7.5% on year in June 2025

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in June (against on year) recorded respectively 38,800 mt (+671.7% from 2,500 mt), 114,300 mt (+97.9% from 45,400 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February this year, recorded 1,000 mt of deliveries in June.

LNG and methanol sales were respectively 55,400 mt (-7.8% from 51,700) and zero (from zero mt). There were no recorded sales of ammonia for the month and so far in 2025.

Related: Singapore: Bunker sales volume raises to year record high of 4.88 million mt in May
Related: Singapore: Bunker fuel sales increase by 4% on year in April 2025
Related: Singapore: Bunker fuel sales increase by 0.5% on year in March 2025
Related: Singapore: Bunker fuel sales down by 8.1% on year in February 2025
Related: Singapore: Bunker fuel sales down by 9.1% on year in January 2025

A complete series of articles on Singapore bunker volumes reported by Manifold Times tracked since 2018 can be found via the link here.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 July 2025

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Alternative Fuels

ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

Company contracted Sasaki Shipbuilding to build the 5,000 m3 vessel and Izumi Steel Works to construct an ammonia tank plant that will be loaded onto the vessel, which is expected to be delivered in 2027.

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ITOCHU orders world’s first ammonia bunkering vessel for Singapore demonstration project

ITOCHU Corporation (ITOCHU) on Monday (14 July) announced that it recently signed a shipbuilding contract for the construction of a 5,000 m3 ammonia bunkering vessel with Sasaki Shipbuilding. 

The company also announced an agreement regarding the construction of an ammonia tank plant that will be loaded onto the vessel with Izumi Steel Works. 

These agreements were signed by Clean Ammonia Bunkering Shipping Pte Ltd (CABS), a wholly owned Singapore-based specific purpose company of ITOCHU. 

In relation to this, CABS has concluded a financing agreement with The Hiroshima Bank for financing a part of purchase price of the vessel.

The agreements were concluded to pursue the Demonstration Project for Bunkering Ammonia as Marine Fuel in Singapore adopted by the Ministry of Economy, Trade and Industry in Japan as part of the Global South Future-oriented Co-Creation Project (large-scale demonstration in ASEAN member states). 

Going forward, with an eye toward the demonstration of ammonia bunkering in Singapore after building the world’s first newbuilding ammonia bunkering vessel, ITOCHU said efforts will be made to facilitate concrete discussions with the maritime stakeholders, including the port authority in Singapore, the Maritime & Port Authority of Singapore (MPA), and the fuel producers, while obtaining support from the Japanese Government.

The vessel is to be flagged under the Singapore Registry and is expected to be delivered in September 2027.

ITOCHU will establish a safe offshore bunkering operation of ammonia as marine fuel by way of ship-to-ship transfer through the development and construction of the vessel and demonstration. 

Then, by utilising the vessel, ITOCHU will establish connection between the first movers in clean ammonia production and the first movers in the ammonia-fueled vessels and secure initial demand for ammonia as marine fuel, aiming at the commercialisation of ammonia bunkering business in Singapore and expansion of similar business model to major maritime transportation points around the world, including Spain (Strait of Gibraltar), Egypt (Suez Canal) and Japan.

 

Photo credit: ITOCHU Corporation
Published: 15 July 2025

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Business

S@S Week 2025: Singapore conducts chemical spill exercise to gear up for methanol bunkering

Exercise simulated a methanol spill from a collision involving a methanol-carrying tanker off Singapore’s southern coast, triggering a multi-agency response which included spill containment.

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RESIZED bunker tanker singapore

The Maritime and Port Authority of Singapore (MPA) on Tuesday (15 July) conducted a multi-agency chemical spill exercise to strengthen Singapore’s operational readiness, as part of the International Safety@Sea (S@S) Week. 

MPA is organising the 12th edition of the S@S Week, with this year’s event being the international edition, taking place from 15 to 18 July 2025. 

Conducted off Singapore’s southern coast, the exercise involved 11 vessels and over 150 personnel from more than 10 government agencies and industry partners. Mr Murali, Mr Dominguez and Secretary-General, International Organization for Marine Aids to Navigation, Mr Francis Zachariae, observed the exercise.

The exercise simulated a methanol spill from a collision involving a methanol-carrying tanker, triggering a multi-agency response. This included coordinated efforts for spill containment and the evacuation of injured crew. A range of drone-enabled technologies was trialled during the exercise, including 3D imaging to assess vessel damage and a water curtain misting system to limit the spread of chemical plumes. An Uncrewed Surface Vehicle was also deployed to monitor air quality, reducing the need for responders to enter hazardous zones to perform such monitoring. The Maritime Digital Twin and chemical plume modelling tools were used to enhance situational awareness and support decision-making throughout the exercise.

The exercise is part of MPA’s broader preparations for methanol bunkering and provided a valuable opportunity for agencies and industry partners to better understand the safety and operational challenges, and potential solutions, in handling alternative fuels. Following an open call in March 2025, MPA has received 13 applications for methanol bunker supplier licenses, reflecting strong industry interest in supplying methanol on a commercial scale in Singapore. MPA is evaluating the applications and targets to issue the licenses in Q4 2025, which will cover the period from 1 January 2026 to 31 December 2030. 

Themed ‘The Future of Maritime Safety: Navigating the Next Frontier’, the annual event brings together local and international maritime experts, and the maritime community to promote awareness and facilitate discussions on maritime safety. 

Speaking at the opening today, Mr Murali Pillai, Senior Minister of State, Ministry of Law and Ministry of Transport, said that the maritime sector is facing increasingly complex global challenges, including heightened geopolitical tensions, climate change, and rapid transformation in digitalisation and decarbonisation. He highlighted that we can tackle these challenges by (i) equipping our workforce for future challenges, (ii) harnessing collective expertise through close collaborations and partnerships, and (iii) drawing upon technology and innovation to augment our capabilities. 

In his keynote address, Mr Arsenio Dominguez, Secretary-General of the International Maritime Organization (IMO), underscored the need for robust safety frameworks and regulations as the maritime landscape evolves. He cited Maritime Autonomous Surface Ships and new ship designs and systems using sustainable marine fuels as examples of how the maritime sector is transforming and outlined IMO’s priorities in those areas. Mr Dominguez also highlighted the importance of government-industry collaboration and initiatives like the Safety@Sea Singapore Campaign to foster a safety-first culture at sea.  

This year’s conference features 19 speakers across three plenaries. Discussions will focus on issues shaping the future of maritime safety, including lessons learned from past incidents, and the human element in ensuring safety as the industry transforms. A new Safety@Sea Community Conversations event will also bring together representatives from shipping companies, regional ferry operators, harbour craft operators and terminal operators to share their experiences and efforts in fostering a safety culture in their organisations. 

Over 1,800 participants from more than 40 countries are expected to participate in the week’s sessions. Other highlights include the Responders Plus Programme (RPP) Maritime Workshop jointly organised by MPA and the Singapore Civil Defence Force, and two safety forums organised by the MPA-Harbour Craft and MPA-Pleasure Craft Safety Work Groups to promote safety awareness and best practices within the local maritime community. 

MPA is also enhancing safety across other areas of port operations. In collaboration with Skyports Drone Services, TFG Marine and CBS Ventures, MPA and the partners will complete Singapore’s first shore-to-ship drone trials for delivery and retrieval operations from bunker tankers later this week. 

The use of drones reduces reliance on harbour craft for such operations, improving efficiency while reducing pollution and congestion. 

It also minimises safety risks by removing the need for crew to handle and transfer heavy items between the ship and shore using harbour craft. Safety considerations, including the management of electrostatic discharge risks during the drone operations, are carefully reviewed in preparation for the trials. 

Findings from these trials will inform the development of safety protocols and an operational framework to support the phased implementation of this new maritime service.

 

Photo credit: Manifold Times
Published: 15 July 2025

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