The Maritime and Port Authority of Singapore (MPA) has received 12 financing and seven insurance offers following an expression of interest (EOI) launched to support early adopters of electric harbor vessels (e-HC). I did.
The proposal was submitted by national and international financial institutions (FIs), financial intermediaries, marine insurance companies and insurance brokers.
MPA has shortlisted EOI proposals from DBS Bank Ltd., United Overseas Bank Ltd., BNP Paribas Singapore Branch, KfW IPEX Bank Asia Ltd., and Société Générale. offers direct debt financing options to owners of. MPA will continue to work with these banks to further develop the solution.
Seven insurance-related proposals indicated that the proposed insurance premiums for e-HC were comparable to traditional port vessel insurance premiums.
These proposals are made by Income Insurance Limited, QBE Insurance (Singapore) Pte Ltd, The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch, NorthStandard Limited, Tigermar Global Pte Ltd, Cambiaso Risso Asia Pte Ltd, and Lockton Companies (Singapore). ) Submitted by. ) Pte Ltd.
EOI participants cited the areas of information sharing and access to relevant technical and operational information, loss prevention programs, and quality assurance as support mechanisms needed to ensure e-HC premium affordability. Ta.
MPA will consult with industry on these support mechanisms. This includes setting up a data repository platform, developing training programs to promote safety awareness and best practices for e-HC operations, and establishing quality assurance frameworks and mechanisms to ensure repairs and maintenance. Masu. Service standards for e-HC.
Read: IMO, MPA Singapore Pilot Maritime Project at Lobito Port
In January 2024, MPA announced three ship charging concepts to be piloted in Singapore following a call for proposals for the development, operation and maintenance of e-HC charging points in Singapore.
Earlier this year, MPA announced that it had set a new record for annual tonnage arrivals in 2023 of 3 billion gross tonnage (GT).
Most recently, MPA partnered with Pyxis Energy, Pyxis Maritime, SP Mobility, Seatrium O&G and yingson Electric to test a ship charging concept in the region.
