The Business Times
business-time-50

From sails to wings: Maritime players innovate on fuel efficiency

The lower energy density of green shipping fuels hastens the need for such technology

google-preferred-sourceAdd BT as a preferred source
Sharanya Pillai

Sharanya Pillai

Published Mon, Jun 17, 2024 · 05:00 AM
    • The AirFish is inspired by how the albatross taps aerodynamic forces to efficiently glide over the water surface.
    • The AirFish is inspired by how the albatross taps aerodynamic forces to efficiently glide over the water surface. PHOTO: ST ENGINEERING AIRX

    ROTATING sails, hybrid boats and vessels inspired by birds – these are some of the innovations that Singapore-listed companies are deploying to improve the energy efficiency of maritime transportation as the shipping industry aims to lower its emissions and reach net zero “by or around” 2050.

    Greener fuels such as ammonia and methanol are gaining traction. As The Business Times recently reported, more ships are set to be retrofitted with dual-fuel engines that can run on these fuels in the coming years.

    These green fuels do not produce as much carbon dioxide when they are burned, but the trade-off is lower energy density.

    MaritimeShippingST Engineeringseatriumpenguin intl

    TRENDING NOW

    (From left) Dushan county’s ambitious Shuisi Building project and an unfinished, full-scale replica of the Titanic in Daying county.

    Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    DPM Gan Kim Yong says MAS will remove the 5 per cent cap on physical investment precious metals under the tax incentive schemes for funds.

    Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026

    “Findings suggest that roles are being reconfigured, rather than phased out, as demand for AI-related jobs rose,” the PwC report noted.

    Singapore public sector commands highest AI salary premium as job postings surge: PwC study

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More