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SMW 2023: Joint opening ceremony held for MarineTech Conference and Sea Asia Exhibition

Sea Asia will feature more than 10 national pavilions, as well as zones dedicated to specific areas such as bunker fuels and lubricants, decarbonisation solutions, and marine supplies.

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The Maritime and Port Authority of Singapore (MPA) on Tuesday (25 April) said the MarineTech Conference was opened by Mr Chee Hong Tat, Senior Minister of State for Finance and Transport. 

Held from 25 to 26 April 2023 at the Marina Bay Sands Expo and Convention Centre, the conference brings together more than 50 global industry speakers from 16 countries to discuss challenges and innovation opportunities, share insights on emerging technologies, and identify ways to accelerate maritime transformation.  

Topics on smart ports and ships, green and digital shipping corridors, innovation and start-ups, decarbonisation and green technologies, maritime cybersecurity, and technologies to empower seafarers, was discussed across 14 panel and speaker sessions. 

Key overseas speakers include Francis Zachariae, Secretary-General, International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA), as well as representatives of major shipping companies, innovation and venture capital players and industry associations such as International Association of Ports and Harbours and the Digital Container Shipping Association.

MOU Signings at MarineTech Conference 

MPA and PSA Singapore renewed the Memorandum of Understanding (MoU) on Port Technology Research and Development Programme. As part of the MoU, MPA and PSA will each commit $12 million to support transformative R&D projects. 

The conference also hosted the signing of other MoUs and agreements between industry partners including:

  • ZEBOX co-innovation agreement with Bureau Veritas Marine & Offshore, PSA unboXed and Synergy Marine Group to develop game-changing solutions with startups for operational efficiency, assets optimisation and decarbonisation, workflow automation, and future of work;
  • Master Agreement Framework for Maritime AI Research Programme led by A*STAR’s Institute of High Performance Computing to drive industry transformation and adoption of maritime AI solutions; and
  • MoU by Coastal Sustainability Alliance and its new partners to support decarbonisation of Singapore’s domestic harbour craft sector by developing an electric vessel ecosystem, including charging stations, marine logistics and services, as well as workforce upgrading.

Sea Asia 2023

Sea Asia 2023 was opened today by Mr Baey Yam Keng, Senior Parliamentary Secretary, Ministry of Sustainability and Environment & Ministry of Transport. Organised in conjunction with Singapore Maritime Week, Sea Asia is a flagship tradeshow held biennially to provide a platform for industry professionals to connect, collaborate, and explore the latest trends shaping the future of the maritime industry. 

From 25-27 April 2023, the 9th edition of Sea Asia will see over 300 exhibitors from more than 70 participating countries showcasing innovative solutions across the maritime value chain. The event will feature more than 10 national pavilions, as well as zones dedicated to specific areas such as marine fuels and lubricants, decarbonisation solutions, and marine supplies. Within the MarineTech zone, the PIER71™pavilion featured various R&D and technology solutions developed by maritime enterprises, start-ups and technology developers under the PIER71™ programme.

One such exhibitor is SunGreenH2, a Singapore based cleantech start-up that had won a Special Mention in the 2022 edition of PIER71’s™ Smart Port Challenge for its proposal on their hydrogen producing electrolysers. Since then, it has secured opportunities to pilot their high-performance electrolyser on Jurong Island, which is able to produce two times more green hydrogen from purified water at 10% lower energy consumption. Beyond Singapore, the start-up will be deploying their first commercial electrolysers with Spain’s Naturgy Innovahub and has also been invited by the Hamburg Government to demonstrate their electrolyser at the German Aerospace Research Institute ZAL in May 2023. 

The tradeshow will also offer a unique opportunity and space for attendees to participate in knowledge-sharing sessions and dialogues led by industry professionals. Titled “Knowledge Sharing Theatre’, there will be more than 25 presentations and product demonstrations led by exhibitors over three days. 

Port Authorities Chief Information Officers Cybersecurity Network (PACC-Net)

In conjunction with the Singapore Maritime Week 2023, an inaugural table-top exercise (TTX) for the Port Authorities Chief Information Officers Cybersecurity Network (PACC-Net) will be held on 27 April 2023 to test and exercise the information sharing protocols. 

The TTX will involve Chief Information Officers and Chief Information Security Officers from international port operators and authorities including MPA, Montreal Port Authority, National Ports Agency of Morocco, Port Klang Authority, Port of Seattle, and Tanger Med Special Agency (Port Authority). The TTX will simulate a ransomware affecting multiple ports across regions, and PACC-Net members will work out a collaborative response to share critical information early and manage the ransomware.

The proposal for PACC-Net was tabled by MPA at the 5th edition of the Port Authorities Roundtable in Kobe, Japan in 2019 and launched in October 2020. The PACC-Net aims to enhance cybersecurity awareness within the maritime sector and facilitate early sharing of cyber information to counter potential maritime cyber security threats. These collaborations are important as the industry become more digitalised and connected as a cyber incident in one place can quickly impact the supply chain globally.  

Note: The full list of MoUs signed by industry partners during MarineTech Conference can be found here and details on SMW 2023 can be viewed here.   

 

Photo credit: Maritime and Port Authority of Singapore
Published: 26 April, 2023

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Digital platform

Ofiniti eBDN solution chosen by FincoEnergies for marine biofuel ops in ARA region

Development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

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FincoEnergies MT

Rotterdam-based FincoEnergies, an independent, leading supplier of (bio)fuels and decarbonisation services for the transport sector, will be adopting Ofiniti’s FuelBoss eBDN technology, with operational support from VT Group.

The development takes place on the back of complex logistics and opaque operational processes experienced by the marine (bio)fuel market; which Ofiniti’s FuelBoss eBDN solution seeks to simplify.

“Schedules are becoming increasingly tighter as demand for sustainable biofuels grows,” explains Leon Arets, Trading & Operations Director at FincoEnergies.

“We’re adopting a platform that enhances structure and responsiveness. This digital leap allows us to not only scale efficiently but also deliver greater transparency and operational excellence to our clients.”

A spin-off from global assurance and risk management leader DNV, Ofiniti brings together deep industry know-how with cutting-edge technology. Its flagship platform, FuelBoss, is designed to replace cumbersome manual processes with streamlined digital workflows that boost efficiency and data reliability.

“Our work with LNG suppliers laid the groundwork,” notes Oliver Brix Sparsø, Global Director of Sales at Ofiniti. “But this collaboration with FincoEnergies and VT Group marks the first large-scale commitment to digital delivery workflows for biofuels. It’s a turning point for the region.”

FincoEnergies’ mission, Decarbonising the transport industry together, is grounded in collaboration and innovation. The partnership with Ofiniti and VT Group exemplifies this spirit, combining technological leadership with operational expertise.

“As operators, we continuously look for ways to improve life on board and support our partners,” adds Wouter van Reenen, Business Development Manager at VT Group. “FuelBoss is a strong fit for our operations and those of our chartering clients.”

Related: Ofiniti to digitalise Azane ammonia bunkering operations across Scandinavia
Related: Ofiniti to roll out e-BDNs for Golden Island methanol bunkering operations in Singapore
Related: Global Fuel Supply to adopt FuelBoss by Ofiniti for e-BDN in West Africa
Related: Ofiniti appoints Oliver Brix Sparsø as new Global Director of Sales
Related: Ofiniti acquires Singapore-based Angsana Technology to advance digital bunkering solutions
Related: Singapore: FuelBoss by Ofiniti becomes sixth whitelisted e-BDN solution
Related: Digital bunkering platform Ofiniti successfully spun out from DNV
Related: FuelBoss to continue under new DNV company Ofiniti

 

Photo credit: Ofiniti
Published: 17 June 2025

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Business

China: Shanghai Zhongran and PetroChina Shanghai Port to promote bunker fuel blending business

Development will help improve Shanghai Port’s bonded ship fuel supply industry, noted the Shanghai Customs Inspection Office.

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Shanghai Zhongran and PetroChina Shanghai Port meeting

A meeting between representatives of Shanghai Zhongran, Shanghai Port Energy, PetroChina Shanghai Port, and Hongkou Customs took place at the Shanghai Customs Inspection Office on Thursday (12 June).

According to Shanghai Zhongran, the meeting’s objective was to discuss the implementation of a high-sulfur and low-sulfur fuel blending business at Shanghai.

During the meeting, a member of the Shanghai Customs Inspection Office stated it will take the opportunity of PetroChina Shanghai Port to carry out this business to promote the development of enterprises in Hongkou District.

The development will improve the utilisation rate of Shanghai Zhongran bonded storage tanks, improve storage functions, and help improve Shanghai Port’s bonded ship fuel supply industry.

After the meeting, PetroChina Shanghai Port submitted a formal application to Hongkou Customs.

Moving forward, Hongkou Customs will formulate a reconciliation plan, open a special account book, and promote the implementation of this business.

 

Photo credit: Shanghai Zhongran
Published: 17 June 2025

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Newbuilding

NYK Group’s first methanol-fuelled bulk carrier “Green Future” delivered

Vessel is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

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Green Future MT

NYK Group on 13 May received delivery of Green Future, the company’s first methanol dual-fuel bulk carrier, at the TSUNEISHI Factory of TSUNEISHI SHIPBUILDING Co., Ltd. where a naming and delivery ceremony was also held, it said on Thursday (14 June).

The vessel will be chartered by NYK Bulk & Projects Carriers Ltd., an NYK Group company, from KAMBARA KISEN Co., Ltd.

It is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

“Methanol has a lower environmental impact than fuel oil, and by using bio-methanol and e-methanol produced using hydrogen derived from renewable energy sources and recovered carbon dioxide, the vessel achieves significant reductions in greenhouse gas emissions,” it said.

Vessel Particulars
LOA: 199.99 m
Breadth: 32.25 m
Depth: 19.15 m
Deadweight: approx. 65,700 metric tons
Capacity: approx. 81,500 m3
Draft: 13.8 m

Related: Tsuneishi delivers world’s first methanol dual-fuel Ultramax bulker to NYK
Related: Japan: NYK to time-charter its first methanol-fuelled bulk carrier

 

Photo credit: NYK Group
Published: 17 June 2025

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