The Business Times
business-time-50
SGSME logo
SUBSCRIBERS

Marine and offshore industry sets course for decarbonisation

google-preferred-sourceAdd BT as a preferred source
Goh Ruoxue
Zhao Yifan

Goh Ruoxue &

Zhao Yifan

Published Wed, Sep 20, 2023 · 04:25 PM
    • EnterpriseSG estimates that more than 100 local marine and offshore engineering companies are participating in, or exploring, projects in maritime decarbonisation and offshore renewables.
    • Meds Venture chief executive officer Gary Gan (right) and chief operating officer Stanislav Borisov.
    • The interior of Strategic Marine's fast crew boat, Gen-4 One, used in the oil and gas industry.
    • EnterpriseSG estimates that more than 100 local marine and offshore engineering companies are participating in, or exploring, projects in maritime decarbonisation and offshore renewables. PHOTO: KUA CHEE SIONG, ST
    • Meds Venture chief executive officer Gary Gan (right) and chief operating officer Stanislav Borisov. PHOTO: CHERYL ONG, BT
    • The interior of Strategic Marine's fast crew boat, Gen-4 One, used in the oil and gas industry. PHOTO: GOH RUOXUE, BT

    FROM shipbuilders to fuel suppliers, Singapore’s maritime industry is charting a course towards a low-carbon economy, in line with the Republic’s international commitments.

    As a member of the International Maritime Organization, Singapore is aligned with the group’s goals of cutting carbon-dioxide emissions by 40 per cent by 2030 and achieving net-zero emissions by 2050.

    Local decarbonisation moves include a target for the harbour craft and pleasure craft sectors to achieve net-zero emissions by 2050, set by the Maritime and Port Authority of Singapore in March.

    Offshore & MarineSMEsSingapore SMEsMaritimeDecarbonisationNet zeroSpotlight

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Court documents showed the largest sum of money Benjamin Chung Hiang Wee took was from his uncle, an odd-job worker.

    Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million

    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