SMW24: Advancing Toward Maritime Decarbonization

The maritime industry is facing a myriad of challenges on the journey to decarbonization. On this special Singapore Maritime Week episode of Setting Course, guests from Pacific Carriers Limited (PCL), PaxOcean and ABS discuss the challenges and solutions shaping the industry’s future.

Chern Meng Huat, PCL General Manager of Technical Fleet Management, Sidat Senanayake, PaxOcean Head of Commercial and Shu Yong Koh, ABS Global Sustainability Director, join host Brad Cox, ABS, to talk about how collaboration is key to advancing maritime decarbonization.

Key Points

• Ship owners face broad challenges on the decarbonization pathway, such as fleet diversity, regulatory uncertainty, technological limitations, operational optimization and crew training.
• Industry collaboration and partnerships are crucial in developing effective decarbonization strategies.
• Initiatives such as the use of alternative fuels, energy-saving technologies, and eco-friendly ship designs are being pursued to reduce emissions.
• The future of decarbonization requires continuous innovation, collaboration, and a global commitment to sustainability.

Learn more about the outlook for the maritime industry’s decarbonization journey in Beyond the Horizon: View of the Emerging Value Chains.

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Guests:
With over 25 years of industry experience, Chern Meng Huat started his career sailing as an engine cadet to Chief Engineer. Before joining Pacific Carrier Limited (PCL), he worked as a marine surveyor, gaining insights into different industry facets. Now, as General Manager, Technical Fleet Management, he oversees the operation, maintenance, and safety of vessels under PCL's purview.

Sidat Senanayake is the Head of Commercial for PaxOcean Group and based in Singapore, where he is responsible for the group’s global commercial activities covering newbuilding, conversions, repairs and fabrication. He has spent over 20 years covering the maritime and offshore sector in financing, marketing, business development, restructuring and risk management roles. His last role was Head of Risk Management & Compliance for Kuok Group Singapore, the parent company of PaxOcean Group.

Shu Yong Koh serves as ABS Director of Global Sustainability, responsible for driving the ABS sustainability strategy and assisting ship owners and operators with achieving their sustainability and environmental, social and governance (ESG) goals through industry-leading support and digital solutions. He has been involved in various sustainability initiatives and is actively pursuing the challenges of the maritime and shipping industry. He is working on energy, emissions and innovative technologies associated with alternative fuels, taking into account technical, environmental, regulatory and economic factors.