The Business Times

Singapore’s first electric cargo vessel debuts

- By Derryn Wong derrynwong@sph.com.sg

THE FIRST fully-electric cargo vessel in Singapore was launched by consortium Goal Zero on Thursday (Nov 23) at Raffles Marina.

The Goal Zero consortium is led by Singapore-based Seatech Solutions, which designed the vessel.

Yinson Greentech (YGT), a subsidiary of Bursa-listed Yinson Holdings, was responsibl­e for programme management, system solutions and commercial­isation, with Shift Clean Energy as battery technology partner.

The Singapore branch of Registro Italiano Navale handled classifica­tion.

Eirik Barclay, chief executive officer of YGT, said: “We are confident of reaping significan­t advantages from being an early mover in the race to reach net zero emissions by 2050, and we are pleased to already be in talks with supportive financing partners and potential equity partners.”

Goal Zero was one of three consortium­s awarded funding in August 2021 to develop and pilot fully-electric harbourcra­ft in Singapore by a joint Maritime and Port Authority of Singapore (MPA) and Singapore Maritime Institute (SMI) initiative.

MPA assistant chief executive (Industry and Transforma­tion), Kenneth Lim, said: “The knowledge and capabiliti­es gained through the developmen­t of the electric lighter craft will certainly add to the industry’s understand­ing of electric harbourcra­ft designs and technology options for cargo transport vessels.”

The project was financed by UOB. Eric Lian, head of group commercial banking, UOB, said: “The launch of the Hydromover will drive the revolution of cargo transporta­tion in the maritime industry.” He added: “As the lead bank to finance YGT’S developmen­t of the prototype, we are pleased to support this achievemen­t, and the efforts of MPA and SMI to promote sustainabi­lity through innovative green projects.”

YGT said six potential partners have provided letters of intent to charter the Hydromover for operationa­l trials with a view to possible future adoption of the craft into their fleets.

Two are Goal Zero consortium members – Lita Ocean and DM Sea Logistics – along with OPL Services, RW Marine Services, Kanlian Ferry and Tian San Shipping.

YGT’S Barclay added that it received expression­s of interest from “across the region including Indonesia” and has begun talks with interested parties.

Since the craft is powered by batteries, it will not create local pollution or emissions, although its total emissions are dependent on the type of energy used to charge it.

Barclay said that the vessel will cost around S$2 million, or roughly 50 per cent more than a comparable convention­al craft. YGT said that the craft can “potentiall­y reduce operationa­l costs by up to 50 per cent compared to convention­al vessels due to improved energy efficiency and lower maintenanc­e costs”.

Named Hydromover, the vessel is 18.5 m long, can carry up to 25 tonnes of cargo, has space for 10 passengers, and has an operating speed of eight to 10 knots. It has two 235 kilowatt engines, and uses a 422 kilowatt hour lithium ion battery pack, which gives a range of 40 nautical miles. The battery can be charged by plugging it into a charger, or it can be swapped.

It is classified as a harbourcra­ft, meaning it will only ply Singapore waters. Prabjot Chopra, vice-president of technology for Seatech, said that Hydromover is a prototype, but that the technology has other potential use cases for “all harbour operations” including ferries.

UOB’S Lian said that there is “significan­t growth potential for electric vessels” as there are around 1,600 harbourcra­ft operating in Singapore waters and the MPA’S has mandated that all such craft to be fully electric or compatible with net zero fuels from 2030.

 ?? PHOTO: YINSON GREENTECH ?? The Hydromover is Singapore's first fully-electric cargo vessel. It can carry 25 tonnes of cargo, has space for 10 passengers and an operating speed of 8 to 10 knots.
PHOTO: YINSON GREENTECH The Hydromover is Singapore's first fully-electric cargo vessel. It can carry 25 tonnes of cargo, has space for 10 passengers and an operating speed of 8 to 10 knots.

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