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Caterpillar Marine and Strategic Marine Sign Memorandum of Understanding to Support Energy Transition Needs
New Solutions to Support Emissions-Reduction Goals for Future Vessel Designs
September 2023
Houston, Texas – Caterpillar Marine today announced it has entered into a memorandum of understanding with Singapore-headquartered Strategic Marine (S) Pte Ltd (“Strategic Marine”). Strategic Marine is internationally renowned for producing quality, high-performance ships for commercial, defense and security use across the globe.
“Our collaboration with Strategic Marine brings together immense expertise that allows Caterpillar Marine to innovate and support the ongoing energy transition. This is an exciting challenge to tackle, but most importantly it fosters our industry's goal to reach lower-carbon operations,” said Brad Johnson, vice president and general manager, Caterpillar Marine. “With our shared vision and Caterpillar’s innovative technologies, we look forward to working with Strategic Marine to advance the future for the maritime industry.”
Strategic Marine is a dynamic shipbuilding company with an international book of business and recognized worldwide for crafting high-performance commercial and governmental marine crafts. As an expert aluminum shipbuilder, the company has delivered over 600 vessels worldwide for maritime, offshore energy industry, tourism and naval defense applications. Strategic Marine originated as Geraldton Boat Builders Pty Ltd in 1984 in the Western Australian port of Geraldton, with a focus on constructing high-performance offshore fishing boats.
For Strategic Marine, their drive and focus towards lower-emission propulsion right across their product range, from Crew Transfer Vessels (CTVs) for the offshore wind industry to Fast Crew Boats (FCBs) for the offshore oil and gas industry and other classes of vessels is part of their own ambition of delivering sustainable solutions to the industry.
"Providing ships that help our customers lower the emissions of their operations is paramount to us,” said Mr. Eng Yew Chan, CEO of Strategic Marine. “We are excited to work with Caterpillar Marine to help lower emissions in the industry."
About Caterpillar Marine:
Caterpillar Marine, with headquarters in Houston, Texas, offers premium power solutions for a wide range of marine applications. With decades of experience designing engines and aftertreatment solutions, Caterpillar Marine products set the standard for quality, performance, and reliability. Caterpillar is dedicated to being your service provider on the water to provide engine and operational success. With Customer Value Agreements (CVAs), customers can take advantage of an extensive array of service options that can be tailored to their specific needs. Combined with our digital solutions, a CVA can provide valuable insights to engine health and performance. The global sales and service network is ready to support customers in tug, offshore, inland waterways, fishing, governmental, dredge, ferry, and yachting wherever they are.
More information is available at: www.cat.com/marine
About Caterpillar
With 2022 sales and revenues of $59.4 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.
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