Dear friends of GCMD,
We are pleased to share our GCMD Impact Report 2025. As we leaf through its pages, we are reminded of the progress made over the past year. For a team of just over 20, these achievements are significant—made possible by the strength of our partners and friends.
1Q started with us co-hosting a forum on energy efficiency in shipping at the Temasek Shophouse, bringing together stakeholders across finance and shipping.
This period also saw the industry recognise Dr Prapisala THEPSITHAR, project director and lead for the biofuels initiative, who was awarded the 2025 EnterpriseSG-SSC/SAC Commendation Award for her contributions to advancing marine biofuel standards in Singapore. On the global stage, she also presented GCMD’s work on drop-in biofuels at the IMO’s Technical Seminar on Marine Biofuels in London.
With Singapore Maritime Week and other major forums on the horizon, we look forward to connecting with you in person, and sharing insights from our pilots and trials.
And in 2Q, look out for the launch of our joint project with BCG on the Evolution of New Fuels Bunkering Landscape—a scenario-based digital model assessing how demand, supply, and potential bunkering locations may evolve between 2030 and 2050.
Recent geopolitical developments have underscored how quickly external shocks can ripple across global trade and shipping. Amid these uncertainties, our direction remains steady as we continue to support the industry in advancing maritime decarbonisation.
Thank you, as always, for your continued support and partnership.
With best wishes from the communications team,
Xingti, Christine, and Claudia
GCMD | Reports
Download our latest reports:
• Drop-in biofuels: A framework for quantity, quality, and GHG abatement assurance
GCMD | Announces
Our latest press releases:
• 3 Feb – GCMD and CIMAC form Coalition partnership to advance ecosystem readiness for alternative fuels
GCMD | Shares
GCMD’s perspectives featured in global media:
• Manifold Times, 7 Apr – APM 2026: Emissions transparency and verification key to building trust in green marine fuels, says GCMD
• CCTV News 央视新闻, 26 Mar – 中东局势持续焦灼 航运业脱碳进程备受关注
• Ishka SAVI, 18 Mar – Can a pioneering vessel retrofit fund pave the way for aviation decarbonisation?
• Baltic Transport Journal, 6 Mar – SUSTAINABILITY: Closing the loop(s). An end-to-end trial reveals that on-board carbon capture works – and how it can work better
• Riviera Maritime Media, 24 Feb – Retrofit fund ties lease payments to performance
• The Edge, 23 Jan – GCMD orchestrates funds for US$20 bil vessel retrofit market
• Lloyd’s List, 13 Jan – Letter to the Editor: Project Captured adds measured data to a complex debate
GCMD | Attends
GCMD participated in several key industry events including the NTU Singapore-Europe Dialogue, the Asia Pacific Maritime Conference, the Asia Pacific Hydrogen Summit, and Riviera Maritime Media’s CO2 Shipping, Terminals and CCS Conference this quarter.
A key highlight was Dr Prapisala THEPSITHAR’s presentation at the IMO’s Technical Seminar on Marine Biofuels, held on 12 February 2026 at IMO Headquarters in London. Her presentation “Drop-in biofuels: Developing a framework for quantity, quality, and GHG abatement assurance” can be found here (from 7:28:00).
In Dalian, Wee Meng TAN, GCMD’s Chief Projects Officer, spoke at Xinde Marine’s Green Shipping Forum. He highlighted uncertainties in the fuel transition and how the rapidly evolving fuels production landscape impacts the emergence of new bunkering hubs.
Energy efficiency in shipping
GCMD, together with AIM Horizon Investments and Development Bank of Japan Inc., co-hosted a forum on energy efficiency in shipping at Temasek Shophouse in January.
The session brought together shipowners, financiers, and other industry stakeholders to explore two critical dimensions of scaling energy efficiency technologies (EETs): data—building confidence in performance savings; and dollars—the risks, and potential returns of such retrofit investments.
Discussions covered the foundational principles of the Fund for Energy Efficiency Technologies (FEET), alongside GCMD’s technical work to quantify fuel savings and regulatory benefits from EET performance pilots.
The event also featured a keynote by Mr Chong Meng TAN, Deputy Chairman of Temasek Holdings, and a fireside chat between Prof Lynn LOO, CEO of GCMD, and Mr Weng Yew HOR, CEO of Pacific Carriers Limited.
To read more about the highlights from the event, visit our LinkedIn page.
Meet us at Singapore Maritime Week (April 2026)
It’s set to be a busy week for team GCMD. We will be speaking at several events across the week. Here is where to catch us!
17 Apr: Shipping at ING: Charting the Course – Prof Lynn LOO, CEO & Shane BALANI, Director of Projects
21 Apr: TradeWinds Shipowners Forum – Prof Lynn LOO, CEO
22 Apr: Singapore Maritime Week Conference – Prof Lynn LOO, CEO
22 Apr: IAPH Technical Committee Days – Dr Bhushan TASKAR, Director of Projects
22 Apr: Marine Money Shipping & Offshore Finance Forum – Shane BALANI, Director of Projects
23 Apr: LNG for Shipping 2026 – Eng Kiong KOH, Director of Projects
23 Apr: Ensuring Safe Ammonia Bunkering Operations: Standards, Practical Learnings and Insights – Edmond OW, Director of Projects
23 Apr: Intent Communications’ Maritime Digitalisation Roundtable – Dr Bhushan TASKAR, Director of Projects
If you are attending, come by and say hi—we would love to connect.
Dr Prapisala THEPSITHAR receives 2025 EnterpriseSG-SSC/SAC Commendation Award
We are proud to share that Dr Prapisala THEPSITHAR, Director of Projects and Lead of GCMD’s Biofuels initiative, has received the 2025 EnterpriseSG-SSC/SAC Commendation Award.
This recognition highlights her valuable contributions to Singapore’s Standardisation and Accreditation Programme. She provided technical expertise, shared insights from GCMD’s biofuels supply chain trials, and supported the development of TR 140: 2025 – Specification for marine biofuel as part of the marine biofuel standards working group.
Read about our feature in the TR 140 stakeholder caselet here!
Team GCMD upskills in generative AI for productivity
Team GCMD recently took part in a training programme on generative AI for workplace productivity, strengthening our capabilities to work more efficiently and effectively.
The programme covered key areas including the foundations of AI and responsible use, applying AI tools for daily tasks, and using AI for research and data analysis. The team also explored visual content creation and the use of autonomous agents to support more advanced workflows.
