Shell to launch Singapore’s first fully-electric ferry service
Sep 22, 2021
Singapore - Shell has awarded a contract to Singapore company, Penguin International Limited, to design, build and operate at least three fully-electric ferries which, when operational, will be the first fully-electric ferry service in Singapore and a first for Shell globally.
Artist’s impression of the electric ferry (Photo credit: Incat Crowther UK)
Artist's impression of Shell Bukom electric ferry side view (Photo credit - Incat Crowther UK)
Expected to set sail in the first half of 2023, the new 200-seater single-deck ferries will be used to transport passengers between mainland Singapore to Shell’s Energy and Chemicals Park on the island of Bukom, replacing the conventional diesel-powered ferries currently used.
“Shipping’s future will involve different parts of the sector using different fuels, and electrification is a solution to decarbonise short voyages, including port operations,” said Nick Potter, General Manager of Shell Shipping and Maritime, Asia Pacific & Middle East. “Switching to zero-emission, fully-electric ferries is part of Shell’s ambition to help accelerate progress towards net-zero emissions in the shipping sector. I thank Penguin and the Maritime and Port Authority of Singapore in supporting this shared ambition.”
“Our privately funded Electric Dream project is much more than just electric ferries and shore chargers,” said James Tham, Managing Director of Penguin International Limited. “It is Singapore’s first real-world commercial application of marine electrification. Penguin and our project partners Incat Crowther and Razor Blunt Labs have designed a safe and reliable end-to-end solution that meets Shell’s standards.”
“The Maritime and Port Authority of Singapore (MPA) is committed to lower the carbon footprint of our local harbourcraft and our port operations. Shell’s bold move to commission new fully-electric ferries will take us a step closer to making a low-carbon future a reality for our maritime sector,” said Quah Ley Hoon, Chief Executive, MPA.
The approximately 5.5-kilometre-long ferry route off the Straits of Singapore is a busy connection which transports around 3,000 passengers a day, or an estimated 1.8 million passenger trips annually.
The fully-electric ferries are powered by a lithium-ion battery system with a capacity of 1.2 MWh and run at speeds of over 20 knots with zero emissions and noise. When berthed at Shell Bukom, the ferries will be charged via a combination of fast charging during peak hours, and slow charging during off-peak hours and overnight.
Notes to editors
- In April 2021, Shell announced it will collaborate on a feasibility study to trial the use of hydrogen fuel cells for ships, the first of its kind for Shell and in Singapore. If successful, it would help pave the way for cleaner, hydrogen-powered shipping. Shell’s analysis points to hydrogen with fuel cells as the zero-emissions technology which has the greatest potential to help the shipping sector achieve net-zero emissions by 2050.
- In October 2020, Shell published its strategy for decarbonising shipping “Setting Shell’s Course”, which explores how it is lowering emissions today, and how it is contributing to accelerating the industry’s transition to net-zero emissions.
About Penguin International Limited
Penguin International Limited is a Singapore-based, publicly listed designer, builder, owner and operator of high-speed aluminium vessels. The company recently delivered Singapore’s first hybrid-electric pilot boat, which is deployed to support Shell’s operations at Bukom. Penguin is currently constructing a hybrid-electric patrol boat for a local client and solarising its own fleet of vessels. For more information, visit www.penguin.com.sg.
About Shell in Singapore
As one of the world’s leading energy companies, Shell plays a key role in meeting the world’s growing energy demand in economically, environmentally and socially responsible ways. In Singapore, Shell employs more than 3,100 people and is one of the country’s largest foreign investors. Shell has been in Singapore since 1891 and has businesses including trading and marketing of liquefied natural gas; manufacturing, trading, marketing and shipping of oil products and chemicals; and development of renewable energy solutions. For more information, visit www.shell.com.sg.
- Janice Chew, Ninemer Communications P L: email@example.com
- Ca-Mie De Souza, Media Relations Lead & Deputy Head, Corporate Relations, Shell Companies in Singapore: Ca-Mie.DeSouza@shell.com
- Serene Loo, Head, APAC Media Relations, Shell: Serene.Loo@shell.com
- James Tham, Managing Director, Penguin International Limited: firstname.lastname@example.org
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Royal Dutch Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. “Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This announcement contains the following forward-looking Non-GAAP measure: Adjusted Earnings. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile the above Non-GAAP measure to the most comparable GAAP financial measure is dependent on future events some which are outside the control of the company, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Royal Dutch Shell plc’s consolidated financial statements.
Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, Shell’s operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans, outlooks, budgets and pricing assumptions to reflect this movement.
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “goals”, “intend”, “may”, “objectives”, “outlook”, “plan”, “probably”, “project”, “risks”, “schedule”, “seek”, “should”, “target”, “will” and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investors and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, September 22, 2021. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.
LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70