Offshore wind vessel pure-play Cyan Renewables, together with its consortium of six other partners, launched a project to jointly design and develop electric harbour craft operations in Singapore.
Singapore targets for new harbour crafts to be fully decarbonised from 2030, but it currently lacks commercially viable solutions to enable such a transition, Cyan said.
The consortium, with members across the entire renewable energy value chain, said it would focus on quality shipbuilding, flexible financing and customer access to deliver a solution that 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 Singapore-based Cyan.
The consortium comprises class society Bureau Veritas Marine, towage and pilotage services provider PSA Marine, shipbuilder Strategic Marine and technology providers SeaCabbie, Sea Forrest and Victory.
It is also backed by the 12th largest liner, Pacific International Lines (PIL).
“PIL is committed to support 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,” remarked Goh Chung Hun, head of PIL’s fleet division.