Strategic Marine joins Cyan Renewables in advancing electric harbour craft in Singapore

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Cyan Renewables today, together with its consortium of six other partners, announced the launch of a green energy consortium to jointly design and develop electric harbour craft operations in Singapore.

Led by Cyan Renewables, the consortium comprises Bureau Veritas Marine, PSA Marine, Strategic Marine and technology providers SeaCabbie, Sea Forrest and Victory.

The consortium, formed to participate in the Maritime and Port Authority of Singapore (MPA)’s call for proposal to develop electric harbour craft operations, is supported by one of Asia’s largest liner shipping companies, Pacific International Lines (PIL).

While Singapore targets for new harbour crafts to be fully decarbonised from 2030, the country currently lacks commercially viable solutions to enable such a transition.

The consortium seeks to ease the energy transition for Singapore’s maritime operators with a focus on quality shipbuilding, flexible financing and customer access. With members across the entire renewable energy value chain, the consortium is the first in Singapore to:
– enable the leasing of renewable vessels (via Cyan Renewables), thus
reducing capital outlay for operators; and
– offer an innovative ride-hailing application for the ordering of launch
boats (via SeaCabbie).

Together with decades of experience in ship building, classification, and offshore energy management, 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.”

Strategic Marine Group is a full-capacity global shipbuilder with a focus on specialty aluminium craft construction and fabrication. It has a shipyard in Singapore, and presence in Australia and Europe. It operates principally in five key market segments, producing high quality vessels for Oil & Gas, Renewable Energy, Ferries & Transportation, Defence and Paramilitary and Port / Pilot Services. It has built and delivered more than 600 vessels made of both aluminium and steel for a variety of clients in the maritime, offshore and defence sectors.

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