Cyan Renewables-led consortium to revolutionise electric harbour craft operations in Singapore

Cyan Renewables, in collaboration with a consortium of six partners, has officially launched an initiative aimed at designing and developing electric harbour craft operations in Singapore. Spearheaded by Cyan Renewables, the consortium includes Bureau Veritas Marine, PSA Marine, Strategic Marine, and technology providers SeaCabbie, Sea Forrest, and Victory. This partnership has been formed in response to the Maritime and Port Authority of Singapore’s call for proposals to advance electric harbour craft operations, with the backing of Pacific International Lines, one of Asia’s largest liner shipping companies.

As Singapore sets its sights on achieving full decarbonisation of harbour crafts by 2030, there is a current absence of commercially viable solutions to facilitate this transition. The consortium’s primary objective is to streamline the energy transition for maritime operators in Singapore, emphasising high-quality shipbuilding, flexible financing, and improved customer accessibility. Distinguished by its members spanning the entire renewable energy value chain, the consortium stands as Singapore’s pioneering initiative to offer renewable vessel leasing, through Cyan Renewables, reducing initial capital expenditures for operators. Additionally, it introduces an innovative ride-hailing application, powered by SeaCabbie, to simplify the ordering of launch boats.

The consortium’s solution is expected to significantly lower commercial barriers and reduce carbon emissions for electric harbour craft operations.

Lee Keng Lin, Founding CEO, Cyan Renewables said, “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.”

Goh Chung Hun, Head, Fleet Division, Pacific International Lines said, “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.”

Francis Tang, Commercial Director, Bureau Veritas Marine said, “BV Marine (Singapore) is absolutely honoured to join this consortium with a clear mission to develop sustainable, ecological and economically feasible solutions for Singapore’s harbour craft community. BV has been actively supporting the Singapore maritime ecosystem for many years now, and we will continue to bring along our best practises, experience and technical expertise to this excellent consortium.”

Peter Chew, CEO, PSA Marine said, “PSA Marine is keen to support the consortium’s efforts to participate in the MPA Expression of Interest to design and develop electric harbour craft in Singapore. We look forward to contributing ideas and experiences, including collaborating with like-minded partners, to reduce carbon emissions for the Singapore harbour craft industry.”

Chan Eng Yew, CEO, Strategic Marine said, “Strategic Marine through this collaboration continues to affirm our commitment and contribution as a shipbuilder towards the IMO GHG 2050 goal and Singapore’s Net Zero 2050 goals.”

Abhinav Sahai, Founder, SeaCabbie said, “SeaCabbie is excited and honoured to be a part of this consortium dedicated to revolutionising harbour crafts both locally and globally. As the first mover in Singapore to introduce a digital booking platform for harbour crafts, we bring the right expertise to ensure a successful implementation of electric harbour craft operations.”

George Lee, CEO, Sea Forrest said, “Sea Forrest’s years of expertise in marine electric propulsion, energy storage, energy management, and charging solutions are directly relevant for the operations of electric harbour crafts in Singapore. We look forward to this collective journey to transform one of the world’s busiest port, offering cost-effective, innovative, and eco-friendly solutions.”

Maureen Chan, Director, Victory said, “We are working towards operating floating chargers to complement onshore charging. By providing electron pitstops on operational routes, we hope to extend the range for electric vessels to provide operational flexibility and route optimisation.”

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