Some good news?
$Seatrium (S51.SG)$ Sembcorp Marine, in partnership with SP Group and 10 other organisations, will develop an environmentally-responsible and sustainable electric harbour craft eco-system that furthers Singapore’s ambition to lower carbon emissions. Sembcorp Marine President and CEO, Mr Wong Weng Sun said, “Sembcorp Marine is honoured to have the opportunity to collaborate with MPA and SMI to accelerate the transition of Singapore’s harbour craft industry towards a low-carbon future. We will be working closely with SP Group and key partners to develop electric vessels and their charging solutions, and to co-create an innovation-led ecosystem for marine electrification. This dovetails with other ongoing projects of Sembcorp Marine including the joint-development of a hydrogen fuel cell system onto a roll-on/roll-off vessel. Sembcorp Marine is committed to contribute to a greener and more sustainable Maritime Singapore.” For more details, please click on the following link: https://lnkd.in/eBCP8xre
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Stock Watch : This news won't have any effect on the stock price as it will take years to see what is the return of the investment. And might be " bad" news currently as it will need more money for the JV.
The only good news is the crude oil price is on the way up. This will increase chances of new order for new build or conversion of vessels. Hope......
Sinnedmal : Thats is provided Sembcorp have the manpower and materials to do the project