rl68

rl68 | Joined since 2017-04-17

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5 days ago | Report Abuse

Green technology solutions provider Yinson GreenTech together with its Goal Zero Consortium partners (“Goal Zero”), has achieved an exciting milestone with the keel laying ceremony to mark the start of the construction of the Hydromover - a fully electric cargo vessel with swappable batteries.



The event was graced by Kenneth Lim, Assistant Chief Executive (Industry & Transformation), Maritime & Port Authority of Singapore (“MPA”), at the shipyard of Lita Ocean Pte Ltd and witnessed by fellow partners of Goal Zero and guests. The pilot vessel is on track to be launched by the second quarter of 2023 and ready for commercialisation in the second half of 2024.



Developed by Goal Zero, the lightweight, 18.5m Hydromover is able to carry cargo up to 25 tonnes (including batteries). The vessel, being all-electric, has zero emissions and targets to achieve up to 50% operational cost savings due to improved energy efficiency and lower maintenance costs. Its battery, when depleted, can be easily swapped within minutes to minimise operational downtime. It will also be equipped with advanced vessel management system to provide seamless control to the crew as well as state-of-the-art sensors to enable future readiness of autonomous operation.



The Hydromover was Goal Zero’s submission, and one of the three winning proposals announced by MPA and the Singapore Maritime Institute (“SMI”), to develop and commercialise an all-electric cargo vessel with interoperable swappable battery infrastructure solutions. The call for proposals had attracted participation from 73 companies and 10 institutes of higher learning. The consortiums with the winning proposals were given five years to launch their pilot vessels.



YGT spearheads the Hydromover’s overall programme management and commercialisation, while Seatech Solutions International Pte Ltd (“Seatech”) leads Goal Zero in vessel design and system integration. They are joined by Shift Clean Energy as battery technology partner; Rina Hong Kong Limited Singapore Branch as classification society; Singapore Institute of Technology and Technology Centre for Offshore and Marine Singapore developing the operational profiles of different harbour craft types through digital twinning of the Hydromover.



Yinson Executive Vice President New Ventures and Technology, Eirik Barclay, said: “Goal Zero is made up of like-minded and synergistic partners who are fully committed to helping the marine industry transition to net zero. Since being awarded the grant, we have achieved many important milestones, which have culminated in today’s keel laying to mark the official commencement of construction. We are very pleased with our rapid progress and are looking forward to launching our pilot vessel by the second quarter of 2023, way in advance of the original 5-year schedule planned for the program. This not only gives Goal Zero a head start to roll-out our all-electric cargo vessel, but it is also an important contribution to Singapore’s goals for all domestic harbour crafts to operate on low-carbon energy solutions by 2030 and to halve carbon emissions from these vessels by 2050.”



SeaTech Vice President Technology, Prabjot Chopra, said: “We appreciate the efforts of all our consortium partners that have resulted in the fast-track progress of this project and a special thanks to YGT for commercialisation of the pilot electric vessel leading the way for electrification of harbour crafts in Singapore.”



MPA Assistant Chief Executive (Industry and Transformation), Kenneth Lim, said: “Decarbonisation of domestic harbour craft is one of the key priorities under the Maritime Singapore Decarbonisation Blueprint 2050. The Goal Zero Consortium demonstrates the maritime industry’s commitment to collaborate and accelerate the electrification of harbour craft in Singapore. We applaud the consortium’s effort in pushing ahead the development timeline of the full electric Hydromover and will continue to support the industry to work together to develop and deploy green technologies for the maritime sector.”



Goal Zero is also supported by industry partners Batam Fast Ferry Pte Ltd, Bernhard Schulte (Singapore) Holdings Pte Ltd, DM Sea Logistics Pte Ltd, Marina Offshore Pte Ltd, Kenoil Marine Services Pte Ltd, Lita Ocean Pte Ltd and Jurong Port Pte Ltd.

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6 days ago | Report Abuse

eMooVit, a majority-owned subsidiary of Yinson Green Technologies ("YGT"), has signed a Memorandum of Understanding with Rapid Bus, a wholly-owned subsidiary of Prasarana, to collaborate on a pilot programme for autonomous electric bus operations at Rapid BRT Sunway.

YGT is operated by the green technologies division of Yinson.

The collaboration leverages on eMooVit’s position as a specialised developer in autonomous vehicle and robotic technology as well as Rapid Bus’s position as the leading bus operator of the Rapid KL public transport network in the Klang Valley.

Under the agreement, eMooVit aims to provide an autonomous electric bus and chargEV charging system, technical support, vehicle maintenance and training sessions for Rapid Bus’s employees; while Rapid Bus shall provide the test track and workshop area as well as operational support.

eMooVit Chief Executive Officer, Dr Hairi Bin Zamzuri said, “We hope to introduce autonomous electric vehicles (AEVs) as they carry several advantages, including the potential to cut down on CO2 emissions, reduce traffic congestion, lower transportation and energy costs.

“In addition, according to a recent statement released by General Insurance Association of Malaysia, more than 80% of road accidents in Malaysia are caused by negligence. This is of great concern and our aspiration is for AEVs to limit human errors,” added Dr Hairi.

Yinson Senior Vice President Electromobility Ruslin Tamsir commented, “The government launched the National Automotive Policy 2020, with the aim of enhancing the automotive industry, through research and development especially in the area of next-generation vehicles. Through our subsidiary eMooVit, Yinson is excited to work with one of Malaysia’s leading bus operators, Rapid, in introducing next-generation vehicles like the autonomous electric bus."

“This is the first autonomous electronic bus project in Malaysia, and Rapid Bus will be the first public transport operator to embark on a pilot project using this technology. The implementation of this pilot project will focus on evaluating the impact of autonomous electric buses on the urban transport system in terms of technology, social and economy,” added Muhammad Yazurin Sallij, Chief Executive Officer, Rapid Bus.

YGT invests in novel green businesses, R&D and strategic partnerships to develop integrated smart green assets and infrastructure, ultimately aiming to create a proprietary digital marketplace that provides affordable and accessible tech-based low carbon products and services to help businesses and communities achieve their own net zero ambitions. YGT’s strategic investments currently include advanced hydrofoil system for electric vessels, e-bike and swappable batteries, autonomous and robotic technology, autonomous systems for electric vehicles, marine energy storage solutions, electric vehicle charging solutions and corporate leasing programme of its fleet of EVs.

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1 week ago | Report Abuse

Petronas Chemicals Group Bhd (PetChem) said its next merger and acquisition (M&A) within the specialty chemicals platform is crucial for the company's future positioning as the group eyes customers from industries including the food and healthcare sectors as end markets for its products. Such specialty chemical pathways, PetChem said in its latest corporate presentation in conjunction with CGS-CIMB ESG Day 2022 on Sept 21, include the likes of food, feed and nutrition, industrial additives, as well as surfactants, household, industrial and institutional (HI&I), and personal care.

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1 week ago | Report Abuse

Yinson Holdings Bhd’s net profit in the second quarter ended July 31, 2022 (2QFY23) rose 13.49% to RM143 million from RM126 million a year ago, supported by higher contributions from the group’s offshore production and offshore marine segment. Revenue for the quarter jumped 53.7% to RM1.62 billion from RM1.05 billion a year earlier mainly due to higher contribution from the group’s floating production storage and offloading (FPSO) operations mainly driven by the strengthening oil prices and higher contribution from engineering, procurement, construction, installation and commission (EPCIC) business activities. It declared an interim dividend of one sen per share, with an ex date of Nov 29 and payable on Dec 16.

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1 week ago | Report Abuse

s a top tier FPSO provider with a leadership position in sustainability, Yinson was honoured to participate in the FPSO World Congress 2022, themed ‘Capitalising on increased oil prices and the sustainability agenda to boost FPSO projects’.

The congress, which took place from 12 to 15 September 2022 at the Sands Expo & Convention Centre in Singapore, is the focal point for industry players to gather and explore best practises in strengthening the future of FPSOs along the industry’s transformative roadmap to sustainability and renewable energy. The congress was attended by 25 Yinsonites from our global offices.

Package Manager Suresh Venkatesh and Senior Marine Engineer Kristian Holm, who are spearheading emissions lowering technologies in Yinson Production, shared on the topic ‘Navigating the transition to sustainable FPSOs’. The session discussed designing a systematic approach to reduce FPSO greenhouse gas emissions and reviewed what sustainable FPSOs meant for the industry.

Yinson was also represented by Lifecycle Efficiency & Data Analytics Manager Dr Aya Kusumawardhani and Senior Integrity Engineer Sella Manian, who spoke at the FPSO Engineering & Commissioning event. The event happened alongside the FPSO World Congress and provided a platform for senior-level engineers to share engineering best practises in building the next generation of low-carbon and low-manned vessels. Dr Aya shared on ‘Life extension of FPSO with data analytics, while Sella shared a case study on ‘Adopting a structural integrity programme for FPSO hull and tanks’.

Yinson was also privileged to be the exclusive sponsor for the congress’ networking cocktail reception, held at the closing of the first day of the event. The popular session provided an opportunity for delegates to network and relax over light refreshments, building stronger industry relationships.

Stock

1 week ago | Report Abuse

Yinson Holdings Berhad won Best Sustainability Sukuk of the Year at the Global Islamic Finance Awards (GIFA) 2022.

The award recognises Yinson’s issuance of Malaysia’s first Sustainability-Linked Sukuk Wakalah which raised RM1 billion in December 2021. Due to overwhelming demand with an orderbook of RM1.66 billion, the offer size was upsized from an initial target of RM700 million to RM1.0 billion.

The sukuk programme was nominated by the GIFA committee after extensive research and benchmarking against other global sukuk programmes. Winners were chosen based on a methodology developed by GIFA which focuses on social responsibility, Shari’a authenticity, and commitment to Islamic banking and finance principles.

Yinson’s Group Head of Treasury Ong Ken Yong said, “Yinson continues to place sustainability and ESG at the heart of our business, including our project financing strategies, as we believe this will create greater value over the long run for all our stakeholders. We are honoured to receive this award and encouraged by strong support that we have been receiving from the financial community, which assures us that we are on the right path towards achieving our goal of providing affordable and reliable energy to all.”

GIFA is one of the most prestigious awards within the Islamic banking and finance sector. It celebrates the achievements and contributions of institutions and individuals to the development and expansion of the Islamic banking and finance industry.

For more information on Global Islamic Finance Awards, please visit https://gifaawards.com/introduction.php

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3 weeks ago | Report Abuse

Yinson Holdings Berhad is a winner of Malaysia’s Best Managed Companies for 2022, sponsored by Deloitte Private. Yinson was one of 11 Malaysian companies to receive the prestigious award, which recognises organisational success and achievement.

Winners are selected by an independent jury that evaluates organisations based on their demonstration of business acumen in decision making that enables sustainable growth for their stakeholders and communities.

The awards were presented at a grand ceremony at the Sunway Resort Hotel. A highlight of the awards ceremony was panel sessions featuring the winners and ecosystem leaders, where meaningful insights were shared on the topics of strategy, innovation, governance, financials, culture and commitment.

Yinson Group Chief Strategy Officer Daniel Bong, who was part of the strategy panel and received the award on the Group’s behalf, expressed Yinson’s deep honour to be recognised alongside other distinguished companies globally.

“The award, which is benchmarked against global standards for evaluating business strategies and operations, is a testament of our efforts to develop organisational excellence and contribute to the economies and communities where we operate. Our aim is to ensure that we continue to create sustainable value for our stakeholders for years to come,” said Daniel.

The Best Managed Companies programme by Deloitte Private was established in 1993 in Canada and is now active in 48 countries globally.

For more information on the awards programme, please visit Malaysia Best Managed Companies website at www2.deloitte.com

Stock

2 months ago | Report Abuse

@sharefisher,any specific reasons you say that Kossan is the best among the four?

Stock

2022-07-05 17:58 | Report Abuse

@Peace99, you can read YINSON AR 2022 to know their business model.

Watchlist

2022-07-05 11:27 | Report Abuse

Yinson execution risks and track record are excellent. Counterparty risks might pose some risks. But so far, I see Yinson handles it well.

Watchlist

2022-07-04 19:04 | Report Abuse

@Philip, According to Yinson AR 2022, pg 203. Yinson has listed out its FIVE major risks. In our opinions, which risk poses the biggest challenges to the group?

Stock

2022-06-27 17:43 | Report Abuse

@Peace99, Yinson will earn a fixed fees for the services rendered irrespective of the oil price. The agreement bounded contract is on the odd site of Yinson. They are well protected by the agreement.

Watchlist

2022-06-24 21:26 | Report Abuse

@philip,Yinson keeps on buying back their shares almost on daily basis. Why don't they use the money to reduce their debt?

Stock

2022-06-13 19:27 | Report Abuse

@DannyArcher,thanks..

News & Blogs

2022-06-13 19:24 | Report Abuse

Portfolio/Watchlist don't exists.
Please Sign In or Register (FREE) to create/edit your own Watchlist or Portfolio. It shows this message whenever I want to access it. @TanKW

News & Blogs

2022-06-13 19:22 | Report Abuse

@TanKW,unable to access private potfolio in i3investors since yesterday. Please help.

Stock

2022-06-10 15:16 | Report Abuse

@FLINV ,me also not yet received the dividend. I called the share registrar but unfortunately the officer in charge are unavailable...

Stock

2022-06-08 10:22 | Report Abuse

@DannyArcher,please share link regarding Yinson profit in 5 years..

News & Blogs

2022-05-30 05:55 | Report Abuse

@RASInvest,tqvm.

Stock

2022-05-28 11:36 | Report Abuse

@BursaVulture, are you subscribing to upstreams online?

News & Blogs

2022-05-28 11:34 | Report Abuse

@TanKW, how to record down warrant given by Yinson bt subscribing to the RI on i3?

News & Blogs
Stock

2022-05-27 11:23 | Report Abuse

@marcuschan0000,tqvm

Stock

2022-05-27 07:31 | Report Abuse

How to record down a right issue such as Yinson case on i3 to keep track of the portfolio? anybody can help...

News & Blogs

2022-05-27 07:28 | Report Abuse

@TanKW,how to record down a right issue such as Yinson case on i3 to keep track of the portfolio?

Stock

2022-05-25 09:24 | Report Abuse

Drydocks World explained that this FPSO project will entail life extension and installation of new equipment in order to utilize 100 per cent of produced gas and minimise greenhouse gas emissions.

Stock

2022-05-18 05:20 | Report Abuse

@Fabien _the efficient capital allocator ,may I know the source of your article above?

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2022-04-29 10:01 | Report Abuse

@Observatory,always love to read your post. Tq. Rational and fact-based. Time well used..

Stock

2022-04-15 16:37 | Report Abuse

@Fabien, how to come to the figure of 8.5% for inflation?

Watchlist

2022-04-11 21:11 | Report Abuse

Philip,may I know why you want to cash out on PChem?

Stock

2022-03-09 22:35 | Report Abuse

@observatory, good insights on F &S. In your opinion, what is the trade journal that you would recommend to get a clear insights/directions on gloves?

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2022-03-04 19:24 | Report Abuse

@observatory. Agreed. Buy in batches and monitor it from quarterly or annual report. This is within our capabilities as a retail investor. Thanks for your insights.

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2022-02-22 19:12 | Report Abuse

@looiting. Good strategy. Buy in tranches....

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2022-02-14 17:47 | Report Abuse

@observatory. Thanks for the info..

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2022-02-11 11:07 | Report Abuse

@observatory. I love to read your comment and I think it is time well spent reading on your insights. Please share with us your top 3 investment books with this community.

Stock

2022-02-09 16:04 | Report Abuse

hi,@observatory what is
FOB incoterm??

Watchlist

2022-01-31 19:51 | Report Abuse

Philip, there is an error on your portfolio on Jan 31,PetChem Dividend of 10 cents.

30-Jan-2022
Dividend
(Payment) PCHEM +2,743,200 0.10 0.00 +274,320.00 8,352.92 -3,647.08