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MarketScreener Homepage  >  Indexes  >  Swiss Exchange  >  SMI    SMI   CH0009980894

SMI

(SMI)
Delayed Quote. Delayed Swiss Exchange - 11/25 11:30:03 am
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09/23Singapore considers electric harbour boats to cut carbon emissions
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Singapore considers electric harbour boats to cut carbon emissions

09/23/2020 | 12:31am EST

Singapore is seeking proposals on the electrification of small vessels known as harbourcraft as the industry transitions towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) said in a joint statement on Wednesday.

The MPA is working with the Singapore Maritime Institute (SMI) to seek proposals from industry participants and institutes of higher learning or research institutes to develop commmercially ready fully electric harbourcraft.

They are also seeking proposals for shore charging infrastructure for electric harbourcraft and other electric vessels operating in Singapore's port.

Proposals with a viable business model to be scaled up will be more favourably considered, MPA and SMI said.

Harbourcrafts are small vessels typically fuelled by oil that only operate within Singapore waters and are used to carry a small number of passengers, for towing other vessels or to carry dry or packaged cargoes.

The International Maritime Organization (IMO) has a long-term goal to cut greenhouse gas emissions by 50% from 2008 levels by 2050. New IMO rules that came into effect this year only limit sulphur content in marine fuels.

"Green supply chain is the future of shipping and for Singapore to maintain its hub status, innovation must enable the transformation of the shipping industry through co-creation," said Sanjay Kuttan, SMI's executive director.

"To accelerate our decarbonisation efforts of the local harbour craft industry, we invite industry innovators to lead a consortium with our local researchers to deliver impact in our fight against climate change." 

(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 1.92% 48.84 Delayed Quote.-30.61%
SMI -0.03% 10488.27 Delayed Quote.-1.18%
WTI 2.24% 45.8 Delayed Quote.-29.68%
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SWISSCOM AG 480.5 Delayed Quote.1.37%
PARTNERS GROUP HOLDING AG 955.2 Delayed Quote.0.97%
NOVARTIS AG 80.98 Delayed Quote.0.88%
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