Singapore’s pioneering fully electric cargo vessel, and place it within the context of the burgeoning global electric ship industry. The Hydromover, a project spearheaded by Yinson GreenTech (YGT) in collaboration with Goal Zero Consortium, marks a significant leap in maritime technology. It’s an 18.5m vessel, lightweight yet robust, designed to haul up to 25 tonnes of cargo. This electric marvel stands out for its zero emissions and swappable battery solutions, potentially halving operational costs compared to traditional vessels.
YGT led the charge in program management, system solutions, and commercialization, while partners like SeaTech Solutions crafted the design and Shift Clean Energy provided the battery tech. The vessel’s construction, overseen by RINA Hong Kong Limited Singapore Branch and built by Lita Ocean, is a testament to Singapore’s local expertise and commitment to sustainable maritime solutions. Mr Prabjot Chopra, SeaTech, Vice President Technology, stated, ”We are proud to lead the Goal Zero Consortium and design this pioneering electric lighter craft. This marks a pivotal moment in Singapore’s journey towards the electrification of harbor craft.”
Significantly, the Hydromover isn’t just an isolated innovation but part of a broader shift towards electric vessels. The global electric ship market, valued at EUR 3.2 billion in 2022, is projected to balloon to EUR 14.2 billion by 2030, driven by demand for hybrid and fully electric vessels, including cargo ships like the Hydromover. This trend aligns with the global cargo transport scene, where ships carry about 80% of the world’s commodities, with an anticipated annual increase of 3.8% in ocean transportation by 2022.
The Hydromover also rides the wave of electric cargo ship development in Europe, where the market was valued at approximately $926 million in 2020 and is expected to triple by 2030. “We are confident of reaping significant advantages from being an early mover in the race to reach net zero emissions by 2050 and we are pleased to already be in talks with supportive financing partners such as UOB and potential equity partners,” YGT Chief Executive Officer, Mr Eirik Barclay, added. This trend is exemplified by the Yara Birkeland, the world’s first autonomous, fully-electric cargo ship, which boasts a deadweight of around 3,200 tonnes and is equipped with advanced sensors and computers for autonomous operation.
In this electrified maritime landscape, the Hydromover stands as a beacon of innovation and a testament to Singapore’s drive towards a greener, more efficient maritime future. With its cutting-edge design and sustainable operation, it sets the course for a new era in cargo transportation, where electric power reigns supreme and environmental consciousness steers the ship.