Singapore accelerates decarbonization of maritime industry

On April 6 during Singapore Maritime Week 2022, the Maritime and Port Authority of Singapore (MPA) signed three Memoranda of Understanding (MoU) with two green shipping consortiums to leverage on the ammonia value-chain.

The first MoU, signed with ITOCHU Corporation, ITOCHU Enex, MOL, Pavilion Energy, TotalEnergies Marine Fuels, and VOPAK Terminals, will seek to establish an ammonia fuel supply chain, including an on-shore and/or off-shore facility and an ammonia bunkering ship in Singapore.

The MoU is a key element of an integrated project that included the development of ammonia fueled bulk carriers by ITOCHU with other partners.

The second MoU with ITOCHU and 15 other port authorities, R&D centers and shipping and energy companies, will establish a platform for the parties to exchange views and harmonize ammonia bunkering safety guidelines in the respective ports. 

The third MoU with the SABRE consortium, comprising the American Bureau of Shipping, Fleet Management, Kawasaki Kisen Kaisha(K-Line), Keppel O&M, A.P. Moller – Maersk, Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, and Sumitomo Corporation, will work on development works to establish an integrated ammonia supply chain, with the goal to commence ammonia bunkering within this decade.

Additionally, the Global Centre of Maritime Decarbonization (GCMD), formed with funding from MPA and six founding partners, signed three partnership agreements to further collaboration in maritime decarbonization.

  • bp, the first integrated energy company to sign on as a strategic partner, has committed S$10 million in cash over five years.
  • The Boston Consulting Group and Chevron will bring a further S$15 million in cash and in-kind contributions through Impact Partnerships. These resources, in addition to the S$130 million from the founding and strategic partners, will go towards strengthening GCMD’s decarbonization efforts, especially in conducting trials and pilots.
  • GCMD also signed on the International Chamber of Shipping as well as the Singapore Shipping Association as Coalition Partners, which will allow GCMD to tap on the respective association’s extensive stakeholder network and expertise.

Kenneth Lim, Assistant Chief Executive (Industry) of MPA, shared, “In our rapidly evolving interconnected world, we need international partnerships and a robust ecosystem of partners to decarbonize. On a parallel track, we also continue to innovate the future of shipping operations with autonomous shipping being one of the long-term targets, to build resilience in the maritime sector.”

Photo credit: iStock/kanuman

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