MPA attracts financing and insurance proposals for electric harbour craft

It received a total of 19 proposals.

The Maritime and Port Authority of Singapore (MPA) has received 12 financing and seven insurance proposals following its Expression of Interest (EOI) call to support early adopters of electric harbour craft (e-HC).

Income Insurance Limited, QBE Insurance (Singapore) Pte Ltd, The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) Singapore Branch, NorthStandard Limited, Tigermar Global Pte Ltd, Cambiaso Risso Asia Pte Ltd, and Lockton Companies (Singapore) Pte Ltd. submitted the seven insurance proposals.

MPA has also shortlisted EOI proposals to offer direct debt financing options for harbour craft owners from DBS Bank Ltd, United Overseas Bank Limited, BNP Paribas Singapore Branch, KfW IPEX-Bank Asia Ltd, and Société Générale.

MPA will issue a closed call for proposals in the next phase of the EOI process to further select the alternative financing proposal(s) for implementation, with more details to be announced in 2H24.

MPA is working with EnterpriseSG and industry partners to develop the e-HC charging infrastructure and ecosystem in the Port of Singapore.

Both parties will also onboard alternative financial solutions to the Enterprise Financing Scheme – Green (EFS-Green), with EnterpriseSG undertaking risk-sharing of 70% to support lending by participating FIs.

Follow the link for more news on

Maritime Port Authority

Also Read

Shell pipeline leaks oil into Singapore’s Bukom Island

Changi Airport Group unveils three faster vessels for sea rescues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit