Innovation Norway and Team Norway are proud to announce two landmark agreements aimed at advancing sustainable maritime solutions, signed today at the Singapore Norway Innovation Conference 2024. The first agreement, a Letter of Intent was signed by Lita Ocean, SeaTech Solutions International, Pascal Technologies AS, and Evoy AS, to develop a fully electric high-speed harbour craft specifically designed for Singapore’s maritime landscape.
The second agreement, a Memorandum of Understanding was signed between Yinson GreenTech and Evoy, aiming to foster collaboration in marine electrification across Asia.
Letter of Intent for High-Speed Electric Harbour Craft
The LOI signed between Lita Ocean, SeaTech Solutions, Pascal Technologies, and Evoy marks a key milestone in Singapore’s ongoing efforts to decarbonize its maritime industry. The project will develop a fully electric passenger harbor craft, integrating cutting-edge technologies like advanced electric propulsion and air lubrication systems to maximize energy efficiency and performance. This new vessel will set new standards for sustainable harbor operations and support Singapore’s green transformation goals in maritime transportation.
The collaboration builds on previous advancements in electric harbor crafts in Singapore, positioning the project as a critical step toward achieving maritime decarbonization and a cleaner, greener future for the region.
Memorandum of Understanding for Marine Electrification
In a significant development for the wider Asian maritime sector, Yinson GreenTech and Evoy have signed an MoU that will combine their strengths to drive marine electrification in the region. Yinson GreenTech’s innovative electrification solutions, paired with Evoy’s state-of-the-art electric propulsion systems, will support the conversion of internal combustion engine (ICE) vessels to electric power and foster the development of new electric vessels.
This partnership is aimed at advancing the transition to a more sustainable maritime industry, with the shared goal of exploring new opportunities, collaborating on upcoming projects, and playing a key role in the broader transition to greener shipping solutions in Asia.
The MoU was signed by Jan-Viggo Johansen, Managing Director of marinEV at Yinson GreenTech, and Mads Roland-Glimsholt, Business Development Manager at Evoy.
“As a proud partner in this Norway-Singapore initiative, Evoy is excited to bring our high-performance electric propulsion systems to Singapore’s maritime landscape. We are committed to setting new standards in sustainable harbour craft and working with our partners to support a greener future in maritime transport” Mads Roland-Glimsholt, Business Development Manager at Evoy.
Key Partners in the Projects:
Lita Ocean Pte Ltd: A leading Singaporean shipyard and shipowner focused on advancing next-generation electric vessels.
SeaTech Solutions International (S) Pte Ltd: A prominent marine design and engineering firm based in Singapore, known for its expertise in green technology.
Pascal Technologies AS: A Norwegian company specializing in air lubrication systems to improve vessel efficiency and performance.
Evoy AS: A Norwegian leader in high-performance electric propulsion, providing cutting-edge propulsion systems for maritime vessels.
Yinson GreenTech: A forward-thinking company specializing in marine electrification solutions, committed to accelerating the transition to electric-powered shipping.
The two agreements, presented at SNIC 2024, reflect the ongoing collaboration between Norway and Singapore in driving innovation and sustainability within the maritime sector. These partnerships are vital in accelerating the global transition to greener shipping solutions, and they highlight the importance of international cooperation in tackling climate challenges within the maritime industry.
