Singapore’s first fully electric cargo vessel, Yinson GreenTech’s Hydromover, wins Green Ship Award at SRS Forum 2024

November 5, 2024

Lim Chern Yuan, Group Chief Executive Officer (CEO) of Yinson Holdings Berhad (parent company of Yinson GreenTech), receives the Green Ship Award for the Hydromover from Captain M Segar, Chief Marine Officer/Senior Advisor of the MPA, at the SRS Forum 2024 credit:Yinson Green Tech

Yinson GreenTech, a leading green technology solutions provider, won the prestigious Green Ship Award in recognition of its innovative electric vessel, the Hydromover, at the Singapore Registry of Ships Forum 2024. The award was presented to Lim Chern Yuan, Group Chief Executive Officer of Yinson Holdings Berhad, by Captain M Segar, Chief Marine Officer/Senior Advisor of the Maritime and Port Authority of Singapore , during the ceremony held at PARKROYAL on Beach Road.

The Green Ship Award acknowledges ships and shipowners championing green and sustainable shipping

practices. Yinson GreenTech’s Hydromover, developed with the Goal Zero Consortium and supported by

the MPA and Singapore Maritime Institute (SMI), was honoured for its role in the decarbonisation of the

maritime industry. As Singapore’s first fully electric light cargo vessel, the Hydromover supports MPA’s

mandate for all new harbour crafts operating in the Port of Singapore to be electric, biofuel, or net zero

1 fuel powered by 2030

“Yinson is a leading energy infrastructure and technology company committed towards the energy transition journey. We aim to operationalise ESG in all our businesses as demonstrated with the Hydromover initiative by Yinson GreenTech,” stated Lim Chern Yuan. “The fully electric cargo vessel not only exemplifies our position at the forefront of innovation and disruption but also highlights our dedication to environmental stewardship while underscoring the economic benefits of adopting green technologies. I believe the Hydromover will contribute to a cleaner future while strategically positioning us for sustained growth and success.”

“The Hydromover has the potential to significantly decarbonise the maritime industry, particularly in cargo transportation. We are encouraged by the favourable response from regulators and industry leaders. Yinson GreenTech is dedicated to driving this decarbonisation journey by investing in innovative green technologies, integrating them into our solutions, and commercialising them. This approach aligns perfectly with the principles behind the Green Ship Award, recognising our contribution to a more sustainable maritime future,” said Eirik Barclay, Chief Executive Officer of Yinson GreenTech.