Shell to launch Singapore's first fully-electric ferry service
Reuters
Published Sep 22, 2021 06:27
SINGAPORE (Reuters) - Royal Dutch Shell (LON:RDSa) has ordered at least three electric ferries in Singapore to replace the diesel boats it uses to transport employees and visitors between mainland Singapore and its oil refining and chemicals plant on Bukom island, it said.
When the new boats are operational - slated for the first half of 2023 - they will be the first fully-electric ferry service in Singapore and a first for Shell globally, the company said in a statement on Wednesday.
"Shipping's future will involve different parts of the sector using different fuels, and electrification is a solution to decarbonise short voyages, including port operations," said Nick Potter, general manager of Shell Shipping and Maritime for Asia Pacific and the Middle East.
Shell awarded the contract to design, build and operate the ferries to Singapore's Penguin International Ltd.
Bukom in southwestern Singapore is the site of Shell's largest wholly-owned refinery with a capacity of 500,000 barrels-per-day (bpd).
About 3,000 ferry passengers travel the 5.5 km to Bukom each day, Shell said.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.