Author: BH Global

Subsidiary of BH Global Corporation Ltd, Sea Forrest Power Solutions Pte Ltd (“SFP”) is proud to be in The Coastal Sustainability Alliance to decarbonise Singapore’s coastal delivery system.

The alliance is made up of SFP, Kuok (Singapore) Maritime Group, Agency for Science, Technology and Research (A*Star), GenPlus, Jurong Port Singapore, TCOMS and TES.

They will lead Singapore to transition the country’s current 1,600 low-tech harbour craft, used to deliver supplies from shore to ships parked in Singapore’s waters, to run on more environmentally-friendly fuel and be more efficient as they are gradually phased out.

With investments of over $20 million from all 7 entities, they have plans to build a network of stationary and mobile electric chargers for these ships along the country’s coast and remodel used batteries from electric cars into modular packs for ships to prevent wastage. These electric vessels trials may begin as early as 2024.

The alliance is envisioning the new vessels that will be rolled out then to be compatible with the growing use of drones to deliver goods, suggesting that some craft can also be platforms for shorter-range drones to take off and land.

Some of these vessels could be autonomous and make multiple deliveries, instead of the current one-trip- one-delivery system that takes hours. The consequent reduction of launch boat movement – by about 20 per cent – by 2030 will also lead to less fuel use, part of the push towards more sustainable shipping.

Minister for Manpower Tan See Leng, the guest-of-honour at the launch marks that Singapore is at a turning point of our sustainability journey where we must continue as a nation to achieve collective ambitious environmental targets.

Coastal Sustainability Ecosystem

This alliance is in line BH Global’s directions of environment, electrification, and digitalisation towards a sustainable economy. We are thrilled to see SFP’s progression towards a sustainable maritime for Singapore.

We ushered in the Year of the Tiger with a traditional lion dance.

The lion dance is one of the most important traditions at Chinese New Year. It is performed to bring prosperity and good luck for the upcoming year. The lion dance is also a way to create a festive atmosphere and bring happiness to people around us.

BH Global’s annual ‘Back to School’ event was held at both Taman Jurong CC and Jurong Spring CC in Singapore on the 11th of December 2021.

This is our 10th-year anniversary of this event and the intention of it has not changed since the start – To give back to society by helping underprivileged students. We believe that every student deserves the basic necessity of school supplies, regardless of financial background.

This year, we have given out more than 400 sets of stationeries, including bags, files and writing materials to aid students to kickstart their new school year.

We hope this gesture would bring a smile onto their faces and we wish them all the best in their education.

BH Global is delighted to announce that their technology and IT department, Athena Dynamics, has won the Rising Star Award in Cybersecasia Reader’s Choice Award 2021.

2021 marks the second year of the Cybersecasia Reader’s Choice Award, which recognizes Asia Pacific’s leaders in cybersecurity for the critical roles played and the huge advances and innovations made over the last two years. With COVID-19 assisting the rapid rise of a digital economy, the need for increasingly sophisticated solutions to cyberthreats only becomes more prominent.

The Rising Star Award is presented to cybersecurity providers that are newer to the Asia Pacific market and cannot meet all the 4 criteria for nomination in the main categories but have shown outstanding demonstrations of promising and innovative solutions and services.

We extend our warmest congratulations to Athena Dynamics and hope to see more successes in the cyber security field through the upcoming future.

Singapore, 20 October 2021 – Further to our press release on 6 August 2021 on the signing of MoU with Victory Petroleum Trading Pte Ltd (“VPT”), BH Global Corporation Ltd (“BH Global” or the “Group”) is pleased to announce that Sea Forrest Power Solutions Pte Ltd (“SFP”), a majority-owned company of the Group, has secured a contract for its first Full Electric Ready (“FER”) propulsion system for the hybridisation of one of VPT’s bunker tankers. The contract is the first for VPT’s bunker fleet. It will be installed with a Plug-In system to improve energy efficiency and move towards zero emission performance.

SFP’s designed FER system allows for future transformation of a hybrid system to a full electric system when Singapore’s coastal charging infrastructure is ready, and when the Energy Storage System’s energy density and costs meet the operating profile of the harbour crafts. Commenting on the contract, Ong Zhenzhi, General Manager of VPT, said “the conversion of our first bunker tanker to a full electric ready (FER) propulsion is the first step in our decarbonization journey. BH Global has shown its ability to provide a full suite of electrification solutions for the marine industry.”

Mr. Vincent Lim, Chief Executive Officer of BH Global, highlighted that “It is vital for marine industry players to collaborate to bring about change with their respective expertise to play our part in Singapore’s efforts in Climate Change and Sustainability. We are very encouraged by the commitment of our partner to band together to develop a green ecosystem by the electrification of harbour crafts.” George Lee, Chief Executive Officer of SFP added: “We have followed up our first hybrid propulsion delivery with a new Full Electric Ready (FER) propulsion contract. By working with our partner, VPT, on this conversion, we want to show the marine industry in Singapore that it is possible to take
“small” steps towards decarbonization. Success is the sum of small efforts.”

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About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)
BH Global Corporation Ltd is an established group providing solutions internationally through five key divisions: Electrical and Technical Supply, Green LED Lighting, Integration Engineering, Cyber Security, and Infrared Thermal Sensing Technology.
The Group is focused on continual transformation through sustainable Digitalization, Electrification
and Environmental initiatives.

About Sea Forrest Power Solutions
Sea Forrest Power Solutions Pte Ltd (“SFP”), an 80%-owned subsidiary of BH Global, has key competencies in electrification and hybridization of vessels, provision of marine and offshore Energy Storage System (ESS) and marine charging system. SFP is the first in Singapore to have commissioned a fully operational hybrid launch.

For more information, please refer to the website, www.seaforrest.com

About Victory Petroleum Trading Pte Ltd
Victory Petroleum Trading Pte Ltd is a fully accredited bunker supplier under Maritime Port Authority of Singapore. Incorporated since 1986, their focus has been operating floating refuelling stations in Singapore. Victory Petroleum owns a fleet of 6 steel vessels, fully equipped with Mass Flow Metering system, serving both the harbour craft community and international vessels calling in Singapore Port.

For more information, please refer to the website, www.vpt.com.sg

BH Global Corporation Ltd is pleased to announce the appointment of Mr. Mark Weng Kwai as Group Chief Financial Officer with effect from 14th August 2020. Mr. Mark succeeds Mr. Dennis Tan Ka Woon, who will be resigning from his position with effect from end August 2020.

In the company’s announcement, Mr. Vincent Lim, Chairman and Chief Executive Officer of BH Global Group, mentioned: ‘We would like to thank Dennis for his hard work in the past two years. He has brought significant improvements to the Group and contributed extensively to the audit process of the Group.’

Welcoming Mr. Mark, Vincent added: ‘I am pleased to bring Weng Kwai onboard as our Group CFO. With his years of experience in SGX-listed companies and audit experience in one of the big four, we look forward to his positive contribution and working closely with him.’

Prior to joining BH Global, Mr. Mark was Finance Director of Auric Pacific Group Ltd, overseeing the Group’s Accounting departments in Singapore and overseas for 44 subsidiaries, including auditing, taxation, Group consolidation and secretarial matters. His extensive Corporate and Financial experience is in line with BH Group’s current growth and transformation business model.

Mr. Mark graduated with Bachelor of Accountancy (Hons) from National University of Singapore and holds the Fellow Chartered Accountant Singapore (FCA) from Institute of Singapore Chartered Accountants.
Mr. Mark will be responsible for overseeing the Group’s Finance compliance, audit and risks management activities including capital and facilities management, taxation and consolidation of group’s accounts. Additionally, he will provide advisory and analysis services to the Executive Committee and to the Board of Directors.