Cyan Renewables-led consortium to develop electric harbour craft operations in Singapore
A consortium led by offshore wind vessel owner Cyan Renewables has launched a project to jointly design and develop electric harbour craft operations in Singapore.
PHOTO: Singapore cargo terminal, one of the busiest in the world. Getty Images
The consortium was formed to participate in the Maritime and Port Authority of Singapore’s (MPA) call for proposal to develop electric harbour craft operations. The proposal is supported by Singaporean shipping company Pacific International Lines (PIL).
“While Singapore targets for new harbour crafts to be fully decarbonised from 2030, the country currently lacks commercially viable solutions to enable such a transition,” Cyan Renewables says.
The consortium intends to improve the scenario by focusing on “quality shipbuilding, flexible financing and customer access.”
Other consortium members include classification society Bureau Veritas Marine, marine services provider PSA Marine, shipbuilder Strategic Marine, boat rental agency SeaCabbie, engineering firm Sea Forrest and bunker supplier Victory.
It will be the first in Singapore to enable the leasing of renewable vessels through Cyan Renewables, thus reducing costs for operators. The consortium will also be the first to provide a “ride-hailing application for the ordering of launch boats via SeaCabbie, Cyan Renewables claims.
The consortium anticipates “to significantly lower commercial barriers and reduce carbon emissions for electric harbour craft operations.”
“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,” Cyan Renewables’ founding chief executive Lee Keng Lin says.
By Tuhin Roy
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