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By Reuters Staff 3 Min Read SINGAPORE, April 21 (Reuters) - The Maritime and Port Authority of Singapore (MPA) announced two initiatives on Wednesday to reduce the shipping industry’s greenhouse gas emissions, including a S$120 million ($90 million) fund for a decarbonisation centre. “Maritime decarbonisation is a global challenge requiring a collective responsibility from all stakeholders involved,” MPA Chief Executive Quah Ley Hoon said in a statement. With about 90% of world trade tran...

Here are nine strategies Singapore could use to decarbonise the martime industry Staff Reporter © Provided by Singapore Business Review The Singapore government has received an international panels reccomendations on having an eco-friendly maritime industry. To support the Maritime Singapore Decarbonisation Blueprint of 2050, the International Advisory Panel on Maritime Decarbonisations (IAP) submitted its recommendations to the government. These recommendations aim to lower ...

Inmarsat report identifies the role of Singapore start-ups in maritime digital transformation Thursday, 22 April 2021 10:32 Inmarsat report identifies the role of Singapore start-ups in maritime digital transformation Shares An Inmarsat report brands Singapore as a “start-up magnet” due to its advanced maritime economy and predicts that the country’s IT market will generate US$2.4 billion in 2021 and reach US$4.8 billion by 2030. Inmarsat, which claims to be “the world leader in g...

Gardens by the Bay in Singapore Singapore’s maritime IT market is forecast to generate $2.4bn this year and $4.8bn by 2030 according to a new report released by Inmarsat. The Trade 2.0 Singapore Maritime Start-up and Innovation Ecosystem Report describes the Southeast Asian city state as a “start-up magnate”. The report highlights a thriving accelerator community with state-backed PIER71, founded by the Maritime and Port Authority and NUS Enterprise, has matched start-ups with backe...

MPA, Temasek ink marine decarbonisation pact Apr 22, 2021 7:30:am Summary MPA and Temasek will explore ways of decarbonising port operations, and developing and using low-carbon and alternative energy sources. by: Shardul Sharma Posted in: MPA, Temasek ink marine decarbonisation pact The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding with Singaporean investment company Temasek on decarbonising the maritime industry, it said ...

MPA Inks Collaborations with Partners to Advance Decarbonisation Efforts in Maritime Industry A S$120 million fund for a maritime decarbonisation centre in Singapore The Maritime and Port Authority of Singapore (MPA) will join hands with industry partners under two separate agreements signed today to advance decarbonisation efforts in the maritime industry. Mr Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport, witnessed the signing of the two agreements. Memorandum of Co...

Singapore launches $90m fund for decarbonisation of maritime industry 22 Apr 2021 (Last Updated April 22nd, 2021 12:51) The Maritime and Port Authority of Singapore (MPA) has signed two agreements to advance decarbonisation efforts in the maritime industry, one of which includes the launch of a $90m (S$120m) fund for this purpose. Share Article MPA and six strategic partners signed a Memorandum of Cooperation to establish a S$120 million fund. Cre...

Date Time BHP becomes a founding member of Maritime Decarbonisation Centre in Singapore BHP has signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to be set up in Singapore. Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp Marine Ltd and The Foundation Det Norske Veritas have pledged to contribute S$10 million each to support...

Message : Required fields BHP has signed a Memorandum of Cooperation (MoC) with Singapores Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to be set up in Singapore. Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp Marine Ltd and The Foundation Det Norske Veritas have pledged to contribute S$10 million each to support the establishment of the centre and fund research a...