What is the maximum grant amount available for switching to electric vessels?

Harbour craft operators can receive grants of up to $250,000 for switching to electric vessels.

When will new harbour craft need to be electric or use alternative fuels?

From 2030, all new harbour craft operating in Singapore's waters must be fully electric or capable of using B100 biofuel or net-zero fuels like hydrogen.

Singapore Offers Grants for Electric Harbour Craft Transition

The Maritime and Port Authority of Singapore is providing financial incentives to encourage the adoption of electric vessels, aiming for net-zero emissions by 2050.

2026-10-14 · Updated 2026-10-14

The Maritime and Port Authority of Singapore (MPA) is launching a grant scheme to support harbour craft operators in switching to electric vessels. This initiative aims to offset costs and promote the early adoption of greener maritime technology.

The grant offers up to $250,000 per vessel, with the amount disbursed based on battery capacity at $250 per kilowatt-hour. The maximum grant amount is capped based on vessel size, with smaller craft eligible for up to $150,000 and larger vessels for the full $250,000.

This scheme is part of Singapore's broader strategy to achieve net-zero emissions in the harbour craft sector by 2050. The transition is crucial as vessels have long service lives, necessitating early adoption of sustainable alternatives.

Starting in 2030, all new harbour craft operating in Singapore's waters must be fully electric or compatible with alternative fuels like B100 biofuel or hydrogen. The grant program officially begins on January 1, 2027, but vessels licensed between October 14, 2026, and December 31, 2028, will be eligible.

MPA is also exploring other alternative fuels, including ammonia and liquefied bio-methane, and is developing infrastructure to support their use. New standards for marine fuels have been introduced, and bunkering trials are planned to enhance Singapore's capabilities in this evolving sector.

FAQ

What is the maximum grant amount available for switching to electric vessels?: Harbour craft operators can receive grants of up to $250,000 for switching to electric vessels.
When will new harbour craft need to be electric or use alternative fuels?: From 2030, all new harbour craft operating in Singapore's waters must be fully electric or capable of using B100 biofuel or net-zero fuels like hydrogen.