It is undeniable that climate change is real, manifesting itself in various ways from rising temperatures to extreme weather conditions and largely due to the greenhouse gas emissions caused by the burning of fossil fuels.

While we are well aware of the causes of climate change, the maritime industry, in particular, is on high alert. Shipping contributes to 2 to 3 percent of all carbon emissions due to high sulfur fuel oil (HSFO), which is burned when conventional propulsion systems are used. While many may believe this percentage is somewhat negligible, it is expected to grow to 17 percent by 2050, making it crucial that marine vessel owners adopt new ways of powering their vessels.

Among the various low-carbon alternatives, electric propulsion with battery systems is recognized as one of the most reliable options. It replaces the diesel engine by incorporating fuel cells to power the vessels, providing vessels with the ability to optimize battery efficiency and reduce onboard noise. Similar to electric cars, electric propulsion technology for marine vessels will contribute to the cutback of emissions from fossil fuels, and will undoubtedly play a big role in reducing the maritime industry’s carbon footprint.

Missing the Net Zero Emissions Target

Despite the push towards electrification and pledges made by industry stakeholders to reduce carbon emissions, the International Energy Agency (IEA) has reported that the maritime industry will fall short of achieving the net zero greenhouse gas emissions target by 2050—a target established by the International Maritime Organization (IMO).

Even though IEA attributes the shortfall to the lack of low-carbon options available in the market, many vessel owners are also resistant to the idea of adapting their vessels to incorporate electric systems.

This is largely due to the fact that fossil fuels have been the cheapest and most effective option for the longest time. What’s more, the lack of charging solutions in Singapore makes it tougher for electric vessel owners to charge their vessels, further justifying the resistance to the idea of switching propulsion systems.

Sea Forrest’s Electrification and Hybridization Business

In support of Singapore’s push towards the electrification of marine vessels, Sea Forrest makes it its utmost priority to provide sustainable solutions through its electrification and hybridization business.

Through research and development efforts, the company has developed a range of step-change solutions that will contribute to the reduction in carbon emissions of up to 20 percent. These products cater to owners still unsure about decarbonization as well as those who are pro-decarbonization and looking to take the first step towards zero free emission. Vessel owners can start with entry-level solutions and upgrade to a full electric propulsion system when they are more confident with the technology.

Additionally, Sea Forrest has designed and manufactured charging products to address the lack of charging solutions available. It has both shore-to-ship fast charge and ship to-ship charging solutions, thus enhancing the versatility of charging in different types of operations and demand.

As we move closer to 2050, Sea Forrest seeks to engage in efforts to develop more green solutions to support the push to electrify marine vessels and slow down the growth of carbon emissions by the maritime industry.

Singapore, 20 October 2021 – Further to our press release on 6 August 2021 on the signing of MoU with Victory Petroleum Trading Pte Ltd (“VPT”), BH Global Corporation Ltd (“BH Global” or the “Group”) is pleased to announce that Sea Forrest Power Solutions Pte Ltd (“SFP”), a majority-owned company of the Group, has secured a contract for its first Full Electric Ready (“FER”) propulsion system for the hybridisation of one of VPT’s bunker tankers.

The contract is the first for VPT’s bunker fleet. It will be installed with a Plug-In system to improve energy efficiency and move towards zero emission performance. SFP’s designed FER system allows for future transformation of a hybrid system to a full electric system when Singapore’s coastal charging infrastructure is ready, and when the Energy Storage System’s energy density and costs meet the operating profile of the harbour crafts.

Commenting on the contract, Ong Zhenzhi, General Manager of VPT, said “the conversion of our first bunker tanker to a full electric ready (FER) propulsion is the first step in our decarbonization journey. BH Global has shown its ability to provide a full suite of electrification solutions for the marine industry.”

Mr. Vincent Lim, Chief Executive Officer of BH Global, highlighted that “It is vital for marine industry players to collaborate to bring about change with their respective expertise to play our part in Singapore’s efforts in Climate Change and Sustainability. We are very encouraged by the commitment of our partner to band together to develop a green ecosystem by the electrification of harbour crafts.”

George Lee, Chief Executive Officer of SFP added: “We have followed up our first hybrid propulsion
delivery with a new Full Electric Ready (FER) propulsion contract. By working with our partner, VPT,
on this conversion, we want to show the marine industry in Singapore that it is possible to take
“small” steps towards decarbonization. Success is the sum of small efforts.”

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About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)
BH Global Corporation Ltd is an established group providing solutions internationally through five key divisions: Electrical and Technical Supply, Green LED Lighting, Integration Engineering, Cyber Security, and Infrared Thermal Sensing Technology.
The Group is focused on continual transformation through sustainable Digitalization, Electrification
and Environmental initiatives.

For more information, please refer to the website, www.bhglobal.com.sg

About Sea Forrest Power Solutions
Sea Forrest Power Solutions Pte Ltd (“SFP”), an 80%-owned subsidiary of BH Global, has key competencies in electrification and hybridization of vessels, provision of marine and offshore Energy Storage System (ESS) and marine charging system. SFP is the first in Singapore to have commissioned a fully operational hybrid launch.

About Victory Petroleum Trading Pte Ltd
Victory Petroleum Trading Pte Ltd is a fully accredited bunker supplier under Maritime Port Authority of Singapore. Incorporated since 1986, their focus has been operating floating refuelling stations in Singapore. Victory Petroleum owns a fleet of 6 steel vessels, fully equipped with Mass Flow Metering system, serving both the harbour craft community and international vessels calling in Singapore Port.


For more information, please refer to the website, www.vpt.com.sg

MoneyFM 89.3 – Why it matters

According to a prediction by the International Energy Agency (IEA), the global maritime industry will miss the net zero greenhouse gas emissions target by 2050 due to a “lack of available low-carbon options on the market”. George Lee, Chief Executive Officer, Sea Forrest shares how his company’s Full Electric Ready (FER) propulsion solution is able to contribute to a reduction in carbon emissions of up to 20% – when compared to current solutions in the market – and how they plan to support the industry’s push towards the adoption of greener systems.

Over 90 percent of world trade is carried across the world’s oceans by some 90,000 marine vessels. According to the International Maritime Organization, maritime transport worldwide is responsible for almost 2.5 % of total greenhouse gas (GHG) emissions, it produces one billion tons of CO2 each year — and the industry continues to grow rapidly.

In the past decade, faced with the requirement to reduce NOx and SOx pollution in emission control areas (ECA) along coastlines, vessel operators have primarily turned to low-sulphur fuels such as LNG to fulfil the requirement, as well as invest in installing scrubbers to clean tail-pipe gases. The demand for pure electric and hybrid vessels globally have also grown steadily and is expected to accelerate after 2020, mainly driven by the now-confirmed global sulphur regulations- enforced by the International Maritime Organisation (IMO).

Singapore has set a goal of reducing its greenhouse gas emissions intensity by 36% compared to 2005 levels by 2030. Singapore is also working towards stabilising its emissions with the aim of peaking around 2030. These are ambitious targets and as per Chairman of the Inter-Ministerial Committee on Climate Change, Minister Teo Chee Hean “Our goal of building a more carbon-efficient and climate-resilient Singapore can only be achieved when the community and businesses work together with the government in making climate-friendly habits and practices a way of life.”

There is approximately 2000 harbour craft operating in Singapore waters, emitting poisonous Greenhouse gases (GHG). The Engineering arm of BH Global Group, Sea Forrest Power Solutions (SFP) has successfully delivered Singapore’s First Hybrid-Powered Ship – The “Penguin Tenaga” with project partners and is currently engaging in further R&D activities towards the design of the Green Infrastructure and construction of hybrid electric propulsion vessels.

The ships of the future will run on electricity and SFP aims to provide innovation green solutions to address emissions globally and around Singapore waters- contributing to Singapore’s 2030 decarbonization target. “Electrifying harbour craft vessels operating in and around Singapore waters will significantly help to reduce Singapore’s emissions footprint. Equipped with the technical know-how and relevant experience, BH Global, together with our subsidiary Sea Forrest, will endeavour to participate in and contribute towards realising this national vision.” Mr Vincent Lim, Chairman of BH Global Group stated.

Electrification and Hybridization can be done for both new-builds and retrofits. Sea Forrest is currently working on the development of Full Electric Ready (FER) Systems for the Harbour and inland watercrafts and will expand to Offshore support vessels in the near future. The FER System ease the transformation of a hybrid vessel to full electric vessel by offering step-changes to key contributors- Lowered battery prices, comprehensive Charging Infrastructure, Improved Battery density.

SFP aims to improve the efficiency of existing energy assets and to upgrade and modernize wherever possible with its green technology and solutions. As an alternative to conventional oil products, Sea Forrest’s Parallel Hybrid Design and a flagship Full Electric Ready (FER) propulsion solution contribute to a reduction in carbon emissions of potentially up to 20% as compared to current solutions in the market. Other notable products Sea Forrest has developed include the Energy Cube (Energy Storage System) incorporated into a vessel’s power system, allowing it to store energy for later use; unique charging solutions that allows marine vessels to easily transfer power from shore to ship;  and remote AI pilotage- use of Machine Learning and Artificial Intelligence to boost the incorporation of propulsion systems.

“We aim to achieve a complete eco-system for Singapore’s electric-hybrid and pure electric propulsion systems, ranging from shore chargers to on-board systems.” said Mr George Lee, CEO of Sea Forrest. Sea Forrest will continue to spearhead further collaboration with owners, operators, suppliers and the authorities and drive initiatives towards the electrification and digitalisation of vessel operations.

Encompassing future technologies and the ecosystem approach, Sea Forrest endeavours to offer a clear route to Decarbonisation and also the potential for zero emission vessels.

NEWS RELEASE


BH Global Corporation Ltd (“BH Global” or the “Group”) is pleased to announce that Sea Forrest Power Solutions Pte Ltd (“SFP”), a majority-owned subsidiary company of the Group under the Integration Engineering Division, has signed a Memorandum of Understanding (MOU) with Victory Petroleum Trading Pte Ltd (“VPT”) to :

  • Convert its existing bunker fleet to hybrid electric propulsion system
  • Design and Supply Energy Storage Systems (ESS) and ship-to-ship charging systems

The strategic partnership between SFP and VPT will enhance both companies’ sustainability and environmental roadmaps in adopting green solutions for the harbour craft community, which includes expediting the adoption of Hybrid Electric vessel operations in Singapore waters.

In April 2018, the International Maritime Organisation (“IMO”) laid out its strategy to reduce the shipping industry’s total greenhouse gas (“GHG”) emissions in 2050 by at least 50% from 2008 level, and to reduce CO2 emissions per transport work by at least 40% by 2030.

In line with the 2030 and 2050 targets set by IMO, VPT’s new business model is to decarbonise its existing bunker fleet. The hybrid-electric steel vessels will be designed with high fuel efficiency, with an aim of reduced carbon emission so as to contribute holistically to the reduction of the shipping industry’s carbon footprint over the coming decades.

SFP will also develop a proprietary-design one-stop ship-to-ship charging system with minimal footprint for the powering of plug-in hybrid and full electric vessel. Energy storage system developed will be specially designed and engineered for coastal usage.

Commenting on the signing of MOU, Ong Zhenzhi, General Manager of VPT, said: “This strategic partnership enables us to continuously build and enhance sustainable solutions for our ship-to-ship charging station, as we bring our different expertise to the table. By being an early adopter, we hope to provide assurance to the harbour craft community as they transit to greener energy.”

Mr. Vincent Lim, Chief Executive Officer of BH Global highlighted that “This strategic partnership with VPT will further propel us along our course in delivering environmentally sustainable solutions for the marine and offshore sector. This is in line with the Group’s Environmental, Electrification and Digitalisation initiatives.”

George Lee, Chief Executive Officer of SFP added: “With the increase in demand for Decarbonisation, we anticipate growing requirements for electric vessels very soon. We believe the partnership with Victory will showcase Sea Forrest’s ability in providing proprietary-designs, innovative and efficient Green Energy solutions.”

With proven track record of being the first in Singapore to have commissioned a fully operational hybrid launch, SFP aims to build up their development capabilities, technical expertise, and engineering designs to cater for a new era of greener and cleaner shipping, to contribute to the decarbonization of the maritime industry.


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About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)
BH Global Corporation Ltd is an established group providing solutions internationally through five key divisions: Electrical and Technical Supply, Green LED Lighting, Integration Engineering, Cyber Security, and Infrared Thermal Sensing Technology. The Group is focused on continual transformation through sustainable Digitalization, Electrification and Environmental initiatives.

About Sea Forrest Power Solutions
Sea Forrest Power Solutions Pte Ltd (“SFP”), an 80%-owned subsidiary of BH Global from the Integrated Engineering Division, has key competencies in electrification and hybridization of vessels, provision of marine and offshore Energy Storage System (ESS) and marine charging system. SFP is the first in Singapore to have commissioned a fully operational hybrid launch.

For more information, please refer to the website, www.seaforrest.com

About Victory Petroleum Trading Pte Ltd
Victory Petroleum Trading Pte Ltd is a fully accredited bunker supplier under Maritime Port Authority of Singapore. Incorporated since 1986, their focus has been operating floating refuelling stations in Singapore. Victory Petroleum owns a fleet of 6 steel vessels, fully equipped with Mass Flow Metering system, serving both the harbour craft community and international vessels calling in Singapore Port.

For more information, please refer to the website, www.vpt.com.sg

Further to our press release on 11 February 2020 on the signing of MoU with several strategic partners, BH Global Corporation Ltd (“BH Global” or the “Group”), is pleased to announce the successful delivery of Singapore’s first hybrid-powered ship – the “Penguin Tenaga”.

Together with our project partners, Penguin International Limited (“Penguin”), Danfoss Power Solutions Pte Ltd, Durapower Technology (Singapore) Pte Ltd, ZF Asia Pacific Pte. Ltd. and Bureau Veritas (BV), this landmark shipbuilding project epitomises the cooperative ‘can-do’ spirit among like-minded innovators working together towards Singapore’s future environmental sustainability.

Built, owned and operated by Penguin, the 15-metre aluminium monohull ship is Singapore’s first hybrid-powered ship with BV’s ZE (Zero Emission) class notation. The launch and commissioning of the “Penguin Tenaga” signifies the first step towards electrification of maritime vessels operating in Singapore waters.

The on-board electric-hybrid propulsion system supplied by BH Global’s subsidiary, Sea Forrest Power Solutions Pte Ltd (“Sea Forrest”), was designed for ease-of-use, with an ergonomic graphic user interface and a feature that automatically switches the propulsion mode from diesel to hybrid to pure electric.

Significantly, the vessel is capable of running on pure battery mode at 5 knots for more than 30 minutes. The “Penguin Tenaga” will shortly be deployed to Pulau Bukom to join Penguin’s fleet of workboats that are supporting Shell’s island refinery operations.

“The success of the “Penguin Tenaga” is a major milestone for BH Global and its strategic partners. We have embarked on this journey in support of Singapore’s Sustainability and Environmental goals, in which we took the lead for the joint design, development, and construction of Singapore’s first hybrid-powered vessel.

The International Maritime Organisation (“IMO”) adopted an initial strategy to reduce, by 2050, Greenhouse Gas (GHG) emissions from shipping operations from 2008 levels by 50%. Singapore also pledged to reduce, by 2030, GHG emissions from 2005 levels by 36%. We will continue working towards our goal of providing solutions to lower emission footprint for coastal vessel owners and operators in Singapore and the regional waters.” said Vincent Lim, Chairman of BH Global.

Penguin’s Managing Director, Mr James Tham said, “It is especially heartening to work with fellow homegrown companies like BH Global and Sea Forrest to deliver Singapore’s first hybrid-powered ship.”

“Sea Forrest is a truly competent and creative provider of hybrid solutions, ranging from hardware to software.” Mr Tham added.

Understanding the importance of sustainability and environmental targets coupled with the extensive technical knowhow and experience learnt from this maiden project, Sea Forrest is working towards the vision of contributing to Zero Emission targets. Building on the success of the “Penguin Tenaga”, Sea Forrest is developing a “Full Electric Ready” system that will enable electric-hybrid vessels to transform into pure electric vessels with minimal modifications in the future. Sea Forrest is also trialling a plug-and-play quick-charging system capable of charging multiple vessels simultaneously rapidly.

“We aim to achieve a complete eco-system for Singapore’s electric-hybrid and pure electric propulsion systems, ranging from shore chargers to on-board systems.” said Mr George Lee, CEO of Sea Forrest.

“Electrifying harbour craft vessels operating in and around Singapore waters will significantly help to reduce Singapore’s emissions footprint. Equipped with the technical knowhow and relevant experience, BH Global, together with our subsidiary Sea Forrest, will endeavour to participate in and contribute towards realising this national vision.” Mr Vincent Lim added.

Sea Forrest will continue to spearhead further collaboration with owners, operators, suppliers and the authorities and drive initiatives towards the electrification and digitalisation of vessel operations. The Sea Forrest Marine Electric Integration Centre (“MEIC”) – a Complete System Verification Facility launched in 2019, provides research and development, with Testing and Certification capabilities, to customise Hybrid/Full electrification designs for a wide range of marine vessel types.

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About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)

BH Global Corporation Ltd is an established group providing solutions internationally through five key divisions: Electrical and Technical Supply, Green LED Lighting, Integration Engineering, Cyber Security and Infrared Thermal Sensing Technology.

The Group is focused on continual transformation through sustainable Digitalization, Electrification and Environmental initiatives.

For more information, please refer to the website, www.bhglobal.com.sg

About Sea Forrest Power Solutions

Sea Forrest Power Solutions Pte Ltd, an 80%-owned subsidiary of BH Global, from the Integrated Engineering Division, focuses on driving the growth of Marine Electrification business by providing electrification solutions coupled with increased efficiency of electrification process – lower turnaround time which is crucial for the mass deployment of electrification technology on vessels.

For more information, please refer to the website, www.seaforrest.com

About Penguin International Limited

Penguin International is a Singaporean homegrown, publicly listed designer, builder, owner and operator of aluminium high-speed crafts. Through a group of wholly owned, integrated subsidiaries, Penguin International operates a fleet of crewboats and passenger ferries, as well as shipyards in Singapore and Batam, Indonesia. Penguin International serves customers worldwide.

Since 1995, Penguin International has delivered more than 200 aluminium workboats, patrol crafts and passenger ferries to ship owners around the world, including over 150 of its proprietary-designed Flex offshore crewboats and armoured security boats.

For more information, please refer to the website, http://www.penguin.com.sg

BH Global Corporation Ltd is pleased to announce that its subsidiary, BOS Engineering International Pte Ltd (‘BOSI’) has acquired Sea Forrest Engineering Pte Ltd (‘SFE’) as of 1st Jan 2021. BH Global believes that the acquisition will expand and value add to the business of the Group’s Integration Engineering Division and also synergizes with the Group’s Electrical and Technical Supply Division.

As part of the acquisition, Mr George Lee is appointed the Chief Executive Officer of the Group’s Integration Engineering Division. The Board believes that Mr Lee’s extensive engineering and project management experience will add value to the business of the Integration Engineering Division.

Mr Lee has 20 years of experience in the offshore O&G and marine industry. He started as Keppel scholar and worked as Project Engineer and Project Manager at Keppel Fels. Subsequently, he multi-tasked as Project
Director, CTO and Marketing Director in Yantai Raffles Offshore Ltd / CIMC, managing 700 engineers and many key projects and new developments. He was running his own business under Sea Forrest group of companies after his return to Singapore from China, until the Target Company was acquired by the Group.

Sea Forrest Engineering Pte Ltd (‘SFE’) focuses on providing vessels’ Afloat Repair and Structural Steel Fabrication, Project Management and Procurement Management services .

George Lee will also head the Group’s new entity – Sea Forrest Power Solutions Pte Ltd(‘SFP’), to focus on driving the growth of Marine Electrification business.

In line with the Group’s Transformation roadmap, Marine Electrification is one of the key initiatives in mid to long term plan of the Group’s drive towards a Sustainable future. In the push for Global decarbonization, the Group
recognises the rapid uptake of marine electric/ hybrid propulsion projects and the immense potential of sustainable energy developments.

In February 2020, the Group entered into a Memorandum of Understanding with strategic project partners Penguin International Limited, Danfoss, Durapower Technology (Singapore) Pte Ltd and Bureau Vitas Marine (Singapore) Pte Ltd for the joint design, development, and construction of Singapore’s first plug-in parallel hybrid electric fast launch. The scope of cooperation includes integrating hybrid electric solutions, testing and certification. The know-how
generated will support Singapore’s push towards the adoption of hybrid electric propulsion systems for its maritime industry.

SFP successfully completed, commissioned and delivered the privately funded landmark Hybrid electric Vessel project ,  It is leveraging on the extensive experience gained in the maiden project to explore new opportunities
in the maritime industry’s drives for decarbonization, in line with International Maritime Organization (IMO) and Singapore’s targeted goals of GHG reductions. The Group aims to be a leading player in Singapore’s Maritime
industry by offering environmentally friendly and commercially viable solutions, with continual efforts on research and development and collaborations with local and International Institutions and partners.