Strategic Marine has joined the Cyan Renewables-led consortium aimed at advancing electric harbour craft operations in Singapore.
The Consortium seeks to lower commercial barriers against green energy transition through quality shipbuilding, flexible financing and customer access.
Cyan Renewables, together with its consortium of six other partners, also announced the launch of a green energy consortium to jointly design and develop electric harbour craft operations in Singapore.
Led by Cyan Renewables, the consortium comprises Bureau Veritas Marine, PSA Marine, Strategic Marine and technology providers SeaCabbie, Sea Forrest and Victory.
The consortium, formed to participate in the Maritime and Port Authority of Singapore (MPA)'s call for proposals to develop electric harbour craft operations, is supported by one of Asia's largest liner shipping companies, Pacific International Lines (PIL).
Strategic Marine said in a statement that while Singapore targets new harbour crafts to be fully decarbonised from 2030, the country currently lacks commercially viable solutions to enable such a transition.
The consortium, thus, seeks to ease the energy transition for Singapore's maritime operators with a focus on quality shipbuilding, flexible financing and customer access.
With members across the entire renewable energy value chain, the consortium is the first in Singapore to: enable the leasing of renewable vessels (via Cyan Renewables), thus reducing capital outlay for operators; and offering an innovative ride-hailing application for the ordering of launch boats (via SeaCabbie).
Together with decades of experience in shipbuilding, classification, and offshore energy management, the consortium's solution is expected to significantly lower commercial barriers and reduce carbon emissions for electric harbour craft operations.
"As Asia's first pure-play renewable vessel owner, Cyan Renewables enables operators to access green maritime solutions with minimal capital outlay, significantly reducing barriers against innovation. We are confident in the consortium’s ability to ease the green energy transition for Singapore’s maritime sector and are proud to be leading this effort," said Lee Keng Lin, founding CEO of Cyan Renewables.
Goh Chung Hun, head of fleet division at PIL, said the ocean carrier is committed to supporting this initiative on the commercialisation of electric harbour crafts.
"As a Singapore home-grown shipping line and with our focus on sustainability, we look forward to engaging the consortium and contributing towards Singapore’s national climate target of achieving net zero emissions by 2050," he said.
Chan Eng Yew, CEO of Strategic Marine, for his sai Strategic Marine through this collaboration, continues to affirm its commitment and contribution as a shipbuilder towards the IMO GHG 2050 goal and Singapore's Net Zero 2050 goals.