The International Advisory Panel on Maritime Decarbonisation (IAP) formed in July 2020 by the Singapore Maritime Foundation (SMF), with the support of the Maritime and Port Authority of Singapore (MPA), on Wednesday (21 April)submitted its recommendations to the Singapore Government.
The IAP said it has identified nine pathways to maritime decarbonisation, including policy options to accelerate the transition and ways in which Maritime Singapore can support the industry’s decarbonisation.
The IAP is co-chaired by Andreas Sohmen-Pao, Chairman of the Singapore Maritime Foundation, together with Wong Weng Sun, Chairman of the Board and Governing Council of the Singapore Maritime Institute.
It comprises 28 other leaders from maritime and related organisations, including shipping associations, shipping companies, port operators, energy companies, engine makers, shipyards, insurance and finance players, as well as academia.
The IAP said its vision is for Maritime Singapore to support decarbonisation of the industry to meet or exceed the International Maritime Organization’s (|MO) goals for 2030 and 2050 by:
To achieve this vision, the IAP has recommends focusing on the following four strategic objectives:
In his opening address, Sohmen-Pao said the strategies represent the IAP’s collective vision for how Singapore can contribute to the global effort to reduce GHG emissions from international shipping.
He noted that decarbonisation of the industry would require multiple paths of action, and the collective effort of public and private stakeholders.
IAP co-chair Wong added that the release of the lAP’s recommendations was a milestone in the journey towards maritime decarbonisation. It would be important to keep up the momentum and bring about concrete action through the joint projects identified in the report. He welcomed additional proposals for collaboration from interested stakeholders.
“We thank the IAP for the significant effort and thought which went into producing the report. We will consider their recommendations when developing the Maritime Singapore Decarbonisation Blueprint 2050,” said Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport.
“The fight against climate change is a global ambition and a collective responsibility. Singapore is committed to do our part to support the IMO and the international maritime community in climate action.”
Supporting these objectives are nine pathways to decarbonisation, which are outlined in the table below.
|
HARMONISE Standards |
IMPLEMENT |
FINANCE projects |
| 1. Shape common metrics for carbon accounting 2. Set standards for new technologies and solutions |
3. Pilot trials and deploy solutions 4. Build flexible ship capabilities and relevant infrastructure |
5. Develop green financing mechanisms 6. Develop mechanisms that could support carbon pricing 7. Act as custodian for and deploy R&D funds and grants |
|
COLLABORATE with Partners |
||
| 8. Multiply local, regional and global collaboration across stakeholders 9. Set up a decarbonisation centre. |
||
Recognising the importance of taking action and collaborating for change, the IAP has further identified joint projects to embark on. These projects include conducting fuel and electrification trials for vessels and setting up a decarbonisation centre in Singapore.
A full report and summary of the proposed action plans are available here and more information on the joint projects which the IAP has identified is available here.
Photo credit: Maritime and Port Authority of Singapore
Published: 21 April, 2021
Extraordinary general meetings to pass several resolutions for Hin Leong Holdings, Hin Leong Investment and Ritz Capital Venture were held, according to the Government Gazette.
Tow vessels 'Creole Crusader' and 'Jack Odom' collided at approximately 12.30 am on Saturday (17 September); all seven barges involved remained on scene.
Electronic meeting of creditors of the companies will be held on 10 February 2022 for the purpose of allowing the creditors to consider certain resolutions.
The group expects to record a consolidated loss of approximately USD 174.2 million and impairment provisions of approximately USD 139 million.
Product now available at Kandla and Kochi ports; deliveries at other locations to start from mid-November.
Growing number of enquiries from shipowners wanting to know more about methanol has prompted development, notes Founder and CEO of Powerzeek.
Discussions around the need to develop methanol bunkering operations are taking place at numerous ports ahead of estimated demand of above 7M mtpa by 2030, says Chris Chatterton of Methanol Institute.
‘Economics of the shipping market will be the key driver enabling methanol to be adopted at a higher pace going forth over next couple years as market begins to return to more normal rates,’ states COO.
Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
Variability of sources can affect the stability and performance of biofuel bunkers produced from these feedstocks, in turn leading to difficulties in meeting regulations and industry standards, shares Bryan Quek.
Top three positive movers in 2022 were Bunker House Petroleum Pte Ltd (+7), Eastpoint International Marketing Pte Ltd (+5), and Eng Hua Company (Pte) Ltd (+6); newcomer Sinopec Fuel Oil (Singapore) gets 19th spot.
Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
