VINSSEN Co., Ltd. signed MOU on project for joint development of hydrogen fuel cell propulsion tug boat with DCEC

VINSSEN Co., Ltd., a company specializing in producing eco-friendly (electric and hydrogen hybrid) small ships and propulsion systems, announced that it signed an MOU with DSEC Co., Ltd.

At the recent MOU signing ceremony held at DCEC’s headquarters in Jung-gu, Busan, the two companies she promised friendly cooperation for an eco-friendly hydrogen fuel cell propulsion system technology partnership and joint research and development of ships based on the mutual trust between Vincen Co. and DCEC.

With the signing of the MOU, Vincen Co., Ltd. and DCEC Co., Ltd. will make mutual efforts to promote and win orders through the application of Fuel Cell Technology & Solutions to ships through technical support, and joint development project and verification (classification concept approval) of hydrogen fuel cell propulsion system ships. It was decided to promote mutual common interests in business through technical cooperation (drawing approval).

In addition, both companies will secure technical support for remodeling existing ships and proposals for business promotions for joint performance. They will strive to secure competitiveness through reasonable price proposals when supplying marine propulsion system products.

The two companies said, “Through this technical cooperation, we will establish a strategic cooperation system and accelerate classification approval for ships applying eco-friendly hydrogen fuel cell propulsion systems.”

Meanwhile, Vinsen Co., Ltd. is participating in the Singapore hydrogen fuel cell pilot project with global energy company Shell, shipbuilding and offshore plant specialist Seatrium, shipping company Penguin International, and industrial gas production and supply company Air Liquide. It participated and installed a hydrogen fuel cell system on a ship for the first time in Asia last November.

Currently, several Vincen engineers are dispatched to a local shipyard in Singapore to carry out fuel cell commissioning. The stability and performance of ships equipped with hydrogen fuel cells will be verified for one year.

Vincen Co., Ltd. has moved into K Startup Center Singapore of the Korea Small and Medium Venture Business Corporation since April 2022 and established a branch in Singapore, a strategically important location connecting the Pacific and Indian Oceans and the world’s largest transshipment port, and is active in the Southeast Asian market, including Singapore.

Recently, Vincennes’ hydrogen fuel cell and battery system was applied to Singapore’s first hydrogen energy marine solution project, and discussions regarding the project are actively taking place with shipping companies related to logistics and energy.

Engr. Haseeb Ullah

Haseeb covers the global energy market for both conventional and modern energy resources. His expertise is on the global energy supply chain from generation to distribution and end-users. He has a Master degree in Engineering Management and a Bachelor of Science degree in Electrical Engineering.
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