Maritime Singapore taking steps towards a greener maritime industry
The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of cooperation with six companies, namely BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foundation Det Norske Veritas and BHP, to establish a fund to set up a maritime decarbonisation centre in Singapore.
Under the partnership, each firm will contribute $10 million to support the centre and fund research and technology development projects to reduce the maritime industry’s greenhouse gas emissions. MPA will contribute an additional $60 million, bringing the total to $120 million.
The Pasir Panjang Terminal is among one of four container terminals operated by PSA Singapore that will be merged to form Tuas Port. The terminal also facilitated Asia’s first ship-to-container ship LNG bunkering operation in March, encouraging greater adoption of the fuel.PHOTO: PSA CORPORATION LTD
The Straits Times
Be part of the Singapore maritime industry s digital transformation
The MaritimeONE Scholarship offers a pathway into the maritime industry for those with a passion to make a difference in an exciting sector
Scholarship recipients celebrating their achievements with their friends, families and sponsors at the MaritimeONE Scholarship Awards Ceremony 2019. PHOTO: SINGAPORE MARITIME FOUNDATION
PublishedApr 30, 2021, 4:00 am SGT
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Maritime Singapore taking steps towards a greener maritime industry straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
Set carbon price, says shipping sector
For the first time, the International Chamber of Shipping and other groups representing over 90 per cent of maritime trade are asking the International Maritime Organisation (IMO) to put a price on carbon dioxide emissions.
In a joint submission to the world organisation, ahead of the Leaders Summit on Climate hosted by US President Joe Biden, the industry called for deliberations on how mandatory market-based pricing measures could be used to incentivise a shift away from carbon-heavy marine fuels.
This is to eliminate the 2 per cent of all global carbon dioxide emissions the sector accounts for.