fully decarbonised from 2030<\/a><\/span>, but it currently lacks commercially viable solutions to enable such a transition, Cyan said.<\/p>\nThe 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 \u201csignificantly lower commercial barriers and reduce carbon emissions\u201d for electric harbour craft operations.\u00a0<\/p>\n
\u201cAs Asia\u2019s 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\u2019s ability to ease the green energy transition for Singapore\u2019s maritime sector and are proud to be leading this effort,\u201d said Lee Keng Lin, founding CEO of Singapore-based Cyan.<\/p>\n
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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.\u00a0<\/p>\n
It is also backed by the 12th largest liner, Pacific International Lines (PIL).\u00a0<\/p>\n
\u201cPIL 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\u2019s national climate target of achieving net zero emissions by 2050,\u201d remarked Goh Chung Hun, head of PIL\u2019s fleet division.<\/p>\n