Kuok Singapore Limited announced the launch of the Coastal Sustainability Alliance (CSA) in an effort to accelerate the decarbonization, the transition to a circular economy and the strengthening of the marine supply chains.
The CSA members include the Agency for Science, Technology and Research (A*STAR), GenPlus, Jurong Port Singapore, Sea Forrest, Technology Centre for Offshore and Marine, Singapore (TCOMS), and TES. The alliance aims to build the next generation of Singapore’s maritime ecosystem and speed up the decarbonization, electrification and advancement in energy-efficient and engineering solutions.
For this reason, the CSA is expected to invest over S$20 million into various sustainability efforts over the next ten years.
With the launch of the Coastal Sustainability Alliance today, we will create Singapore’s next-generation coastal ecosystem and contribute to the industry’s sustainability, resilience, and transition to a circular economy. Our Alliance is committed to making this a reality, and we encourage further industry collaborations to scale the coastal ecosystem. We welcome more partners to join us on this journey
…Mr. Tan Thai Yong, Chief Executive Officer, PaxOcean and Chairperson, CSA Council, said.
The alliance’s aims are centered on five strategic areas:
- Reduce carbon emissions by up to 50% with PXO vessel series
- Reduce e-waste and build e-charging infrastructure network
- Reduce marine traffic by 20% through logistics and fleet optimisation
- Foster a sustainable green supply chain and maritime business ecosystem by supporting SMEs and start-ups
- Talent attraction and workforce upgrading
MPA congratulates all members of the Coastal Sustainability Alliance. We look forward to working closely with the Alliance to develop a sustainable maritime sector, in particular, shaping common standards for charging infrastructure and electric harbour craft and supporting the development of green financing mechanisms and solutions for green harbour craft
…Ms Quah Ley Hoon, Chief Executive of Maritime and Port Authority of Singapore (MPA), said.
PXO Concept Vessel
The first phase of CSA’s efforts is to design and deploy ten PXO vessels customised for Singapore’s coastal ecosystem by 2025.
Having in mind this goal, Master Research Collaboration Agreements (RCAs) were formalised between KSL Maritime Group and A*STAR as well as TCOMS to co-innovate, design and build a full electric vessel.
The PXO conceptual redesign is expected to be revealed later this year, with plans to extend the ecosystem internationally from 2027 onwards
KSL said the alliance is in line with Maritime and Port Authority of Singapore’s (MPA) strategic aim to promote maritime technology R&D, and for Singapore to be recognised as an international centre for maritime R&D.
In the meantime, it is important to point out that Singapore accelerates its decarbonisation efforts in the maritime sector. For this reason, the country will commit at least SGD300m ($220.4m) in additional funding and sets out strategies and goals to be achieved by 2050. The Maritime Singapore Decarbonisation Blueprint charts ambitious and concrete long-term strategies to build a sustainable Maritime Singapore.
