Innovation Norway and Team Norway have announced two landmark agreements aimed at advancing sustainable maritime solutions, signed at the Singapore Norway Innovation Conference (SNIC) 2024.
The first agreement, a Letter of Intent (LOI), was signed by Lita Ocean Pte Ltd, SeaTech Solutions International (S) Pte Ltd, Pascal Technologies AS, and Evoy AS, to develop a fully electric high-speed harbor craft specifically designed for Singapore’s maritime landscape.
The second agreement, a Memorandum of Understanding (MoU), was signed between Yinson GreenTech and Evoy, aiming to foster collaboration in marine electrification across Asia.
The LOI 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.
Additionally, 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.
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 important 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.
