The Maritime Port Authority of Singapore (MPA), One Network Express (ONE) and other maritime stakeholders have agreed to build a decarbonisation centre as part of a $90.2 million (S$120 million) initiative to cut carbon emissions.
The parties have joined with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Foundation Det Norske Veritas and BHP to sign a memorandum of cooperation (MoC) to accelerate efforts to cut carbon.
Under the MoC, each private sector partner will contribute $7.52 million (S$10 million) to support the establishment of the centre, fund maritime-decarbonisation-related research and technology development projects and collaborate with institutes of higher learning establishments.
Jeremy Nixon, CEO, Ocean Network Express, said, “This is a further significant step forward by ONE, in alignment with its new green strategy direction.
“ONE is committed to accelerating maritime decarbonization collaboration at both governmental and private sector industry level.”
Quah Ley Hoon, Chief Executive of MPA, also commented, “Maritime decarbonisation is a global challenge requiring a collective responsibility from all stakeholders involved. It is crucial to have strong public-private sector partnerships.
“We thank likeminded partners like ONE that have responded strongly to our call for collaboration. The agreement signed today is a first step, which we hope will catalyse a larger, much needed momentum to make international shipping more sustainable.”
Earlier in April the MPA launched a project to test, develop and deploy drone technology for the maritime and supply chain industries.