PSA joins ‘The Silk Alliance’ green corridor project

PSA joins ‘The Silk Alliance’ green corridor project

The Lloyd’s Register Maritime Decarbonisation Hub has welcomed PSA Corporation Ltd (PSA) to ‘The Silk Alliance’, a project aiming to develop a Green Corridor Cluster beginning with intra-Asia container trade.

PSA is also a signatory to the Call to Action for Shipping Decarbonisation by the Global Maritime Forum’s Getting to Zero Coalition.

Under the new partnership, the company will work towards enabling international shipping to achieve 5 per cent adoption of zero carbon fuel by 2030.

“Ports are nexus points in the maritime supply chain, providing the critical interface between importers, exporters, shipowners, logistics and transport providers, customs and other government authorities, and intermediaries such as freight forwarders,” said Charles Haskell, Lloyd’s Register’s Decarbonisation Programme Manager.

“Ports are therefore uniquely positioned to become catalysts for the decarbonisation in a multitude of sectors, ranging from maritime, energy, logistics and transport.

“We are honoured to have the PSA, a global leader in the ports and terminals business, as a key member of ‘The Silk Alliance’ to help us assess the opportunities for lowering emissions across the maritime supply chain and developing a green corridor implementation plan to help maritime players of all sizes transition to zero carbon fuels and vessels.”

READ: PSA to ‘green up’ industry with reclaim refrigerant gas

“PSA is pleased to be a member of the Silk Alliance, joining other global maritime industry partners to pave a path towards increased maritime decarbonisation,” added Ong Kim Pong, Regional CEO Southeast Asia, PSA International.

“As a trusted hub port and partner to global supply chain stakeholders, PSA remains steadfast in its commitment to the green and sustainable global movement of goods, including accelerating our digital solutions to enhance port and supply chain efficiency and resilience.

“We will continue to work with our customers and partners to scale up towards a greener maritime industry.”

Lloyd’s Register Maritime Decarbonisation Hub (LR) launched ‘The Silk Alliance’ project back in May.

Current members of ‘The Silk Alliance’ include MSC Shipmanagement Ltd., Pacific International Lines (Pte) Ltd (PIL), Wan Hai Lines, X-Press Feeders, Yang Ming Marine Transport Corp, Keppel Offshore & Marine Ltd (Keppel O&M), Singfar International, Wärtsilä, Wilhelmsen Ship Management, and the Asian Development Bank and ING.

Lloyd’s Register said over the next few months, the partnership will work towards delivering learnings from focused studies and workshops to develop the strategy needed to transition intra-Asia shipping fleets to zero carbon fuels.

Last month, PSA inaugurated Tuas Port, with the first three berths operational at Phase One of the development.

Tuas Port has 23 metres of draft alongside, with a total berth length of 26 kilometres.

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