MPA calls for proposals on the adoption of electric harbour craft in SG

Submission of proposals is open until 19 December 2023.

The Maritime and Port Authority of Singapore (MPA) launched an Expression of Interest (EOI), inviting financial institutions, marine insurance providers and brokers to submit proposals to accelerate the adoption of electric harbour craft in Singapore.

Participants should propose demand planning parameters for electric harbour craft in the port of Singapore, providing sufficient scale to make financing viable and attractive for the adoption of this craft. 

Participants may consider an aggregated fleet of 50 electric harbour craft as an initial demand planning parameter. They may also propose other portfolio sizes.

In addition, participants for the insurance component are expected to propose insurance solutions to address various elements of operating electric harbour craft such as hull & machinery and/or protection & indemnity. 

Interested participants can visit go.gov.sg/mpa-eoi-ehc-financing for detailed information and submission guidelines. All proposals must be submitted by 19 December 2023.