≡ Menu

Singapore shipping giant starts using marine gas oil

SINGAPORE, April 13 — Singapore shipping giant Neptune Orient Lines will start using marine gas oil as the new fuel is cleaner and greener than traditional heavy fuel oil.

"As Singapore's largest carrier, we feel a responsibility to manage the environmental impact of global trade," said Eng Aik Meng, president of APL, the shipping line of Neptune Orient Lines.

The new fuel produces less sulphur oxides, local daily Straits Times reported.

The fuel conversion is one of the steps expected to be taken by maritime players in Singapore to make the industry greener and cleaner under an incentive scheme announced by Transport Minister Raymond Lim at the ongoing Singapore Maritime Week.

The government has earmarked 100 million Singapore dollars (79. 4 million U.S. dollars) in the next five years for the Maritime Singapore Green Initiative, which will be administered by the Maritime and Port Authority.

The scheme will have three portions targeting different players, including the Green Port Program that encourages ships to burn cleaner fuel at Singapore's port by allowing them to pay less in port dues if they use such fuel.

The Green Ship Program will allow Singapore-flagged ships to pay less in fees and taxes if they adopt ship designs that reduce fuel consumption.

There is also the Green Technology program that gives maritime companies funding support to develop and adopt green technologies.

The maritime sector contributes about seven percent of the gross domestic product of Singapore and employs more than 170,000 people in the city state. (PNA/Xinhua)

DCT/fpv/ebp

{ 0 comments… add one }

Leave a Comment