EPS sets sights on electric cargo vessels in Singapore

Singapore-based Eastern Pacific Shipping (EPS) has joined forces with compatriot green technology provider Yinson GreenTech (YGT) aimed at pioneering cargo delivery with an electric vessel.

The alliance was formalized with the signing of a Letter of Intent (LoiI) during Singapore Maritime Week 2024 as part of Singapore’s efforts to decarbonize its maritime operations.

This collaboration will be spearheaded by YGT’s marine electrification business marinEV.

The primary focus of the collaboration is the introduction of electric vessels for cargo delivery within the Port of Singapore. Additionally, the collaboration aims to explore the feasibility, efficiency, and safety of electric vessels for crew transportation.

Furthermore, marinEV and EPS have committed to integrating electric vessels into last-mile delivery operations, with the aim of significantly reducing Scope 3 emissions and promoting a cleaner shipping industry.

“At Yinson GreenTech, we believe that collaboration is key to unlocking a cleaner future for our oceans. Our partnership with Eastern Pacific Shipping on these groundbreaking electric vessel deployments in Singapore signifies a major leap forward,” said Jan-Viggo Johansen, Managing Director of marinEV.

“Together, we are not only making history but also paving the way for a future where clean and efficient transportation solutions become the norm. This is an exciting moment for us, and we are committed to working closely with EPS, our existing partners and other industry leaders to achieve a truly sustainable maritime landscape.”

“It is heartening to see like-minded partners in the industry adopt the ‘act now’ approach like us, taking action and exploring innovative solutions on all fronts,” said Cyril Ducau, Chief Executive Officer of EPS.

“This collaboration with Yinson GreenTech not only offers a greener transportation alternative, it also builds on the industry’s collective commitment to accelerate the decarbonisation of shipping. We don’t do things because they are easy. We do it because they are difficult so that we leave no stones unturned in our efforts to decarbonise.”

Singapore welcomed its first fully electric cargo vessel, the Hydromover, in November 2023. The vessel was developed by Goal Zero Consortium, comprising companies such as SeaTech Solutions International (S), Shift Clean Energy, and Yinson GreenTech.