Silk Alliance green initiative gains four new partners

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The Maritime and Port Authority of Singapore (MPA) and Lloyd’s Register (LR)’s Maritime Decarbonisation Hub have garnered support for the Silk Alliance initiative, which aims to establish a Green Corridor Cluster beginning with intra-Asia container trade.

Joining the alliance are Yara Clean Ammonia ASA, the Methanol Institute, National University of Singapore (NUS) Centre for Maritime Studies, and MPC Container Ships ASA.

The Silk Alliance’s main focus lies on a regional fleet that frequents Singapore and navigates the Indian and Pacific Oceans. The participation of Yara Clean Ammonia ASA and the Methanol Institute aims to expedite endeavours to better understand the fuel infrastructure considerations and bunkering capacity development necessary for emissions-free shipping.

READ: PSA BDP, Dow India partner to construct green transport corridor

According to LR, the alliance’s scope broadens through a partnership with NUS Centre for Maritime Studies, affording room for technological research aligning with Lloyd’s Register Foundation NUS Institute for Public Understanding of Risk’s ongoing climate change risk assessments.

“The new Silk Alliance members can support the concerted effort of all our cross-industry partners with the aim of decarbonising the shipping corridor cluster in Singapore and the intra-Asia region,” said Charles Haskell, LR Maritime Decarbonisation Hub’s Director.

“Through the implementation of the initiative, we aim for a spillover effect to the wider industry that will generate the momentum needed for shipping to fulfill its 2050 reduced emissions target.”

READ: PSA joins ‘The Silk Alliance’ green corridor project

Murali Srinivasan, SVP of Yara Clean Ammonia ASA, added: “Ammonia is one of the key potential alternative fuels identified to decarbonise the maritime industry.

“With our global footprint and safe track record in ammonia production, maritime logistics and trade, as well as the concurrent development of various low- and zero-carbon ammonia production projects, Yara Clean Ammonia will engage closely with our partners and support the Silk Alliance in achieving its objectives.”

The initiative was first launched in May 2022.

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