Maritime leaders and industry professionals gathered in person and online today for the ‘Accelerating Decarbonisation Conference’ hosted by the Maritime and Port Authority of Singapore (MPA).
The Conference was launched in conjunction with the International Conference on Maritime and Port Technology and Development (MTEC) and the International Conference on Maritime Autonomous Surface Vessels (ICMASS). Norway’s Ambassador to Singapore, His Excellency Eivind S. Homme, delivered a keynote address titled “Singapore and Norway, long-standing ocean partners, shared ambitions to be at the forefront of digitalization and maritime decarbonisation”. HE Homme stressed that Singapore and Norway, as two of the world’s leading maritime nations, should cooperate to meet the challenges and seize the opportunities of the future maritime industry.
At MTEC and ICMASS, thought leaders shared the latest maritime research and development (R&D) in technical sessions on green ports, maritime digitization, connectivity and cybersecurity, intelligent and autonomous navigation and maritime security. Attendees also got a first-hand look at the results of recent maritime research projects on future-proof products, services and applications. MTEC/ICMASS also announced prizes for the best papers presented. Please refer to Appendix A for the winners.
The conference also featured a fireside chat on “Setting the Scene: Snapshot of Maritime Industry Trends”, where panelists including leaders from the Global Center for Maritime Decarbonization (GCMD) and Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, discussed the journey towards maritime decarbonization, the impact of technology touchpoints, and carbon accounting and trading.
Discussions on pathways to decarbonization continued at “SMW Conversations” where world leaders including Hamburg Port Authority, CMA CGM and Climate Impact X spoke about multi-fuel transitions, decarbonization solutions and steps towards decarbonizing the global maritime sector. supply chain.
Partnerships to propel maritime decarbonization
During the event, MPA signed three memorandums of understanding (MoU) with two green transport consortia on the ammonia value chain:
(i) The first MoU, signed with ITOCHU Corporation, ITOCHU Enex, MOL, Pavilion Energy, TotalEnergies Marine Fuels and VOPAK Terminals, will aim to establish an ammonia fuel supply chain, including an onshore facility and/or or at sea and an ammonia supply vessel in Singapore. The MoU is a key part of an integrated project that included the development of ammonia fueled bulk carriers by ITOCHU with other partners.
(ii) 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 guidelines for ammonia bunkering safety in the respective ports. Please refer to Appendix B for the list of participants.
(iii) The third MoU with the SABER Consortium, comprising the American Bureau of Shipping, Fleet Management Limited, Kawasaki Kisen Kaisha, Ltd. (“K-Line”), Keppel O&M, AP Moller – Maersk A/S, Maersk Mc- Kinney Møller Center for Zero Carbon Shipping and Sumitomo Corporation will work on development work to establish an integrated ammonia supply chain, with the aim of beginning ammonia bunkering during this decade.
GCMD signed three partnership agreements to deepen collaboration on maritime decarbonization at the sustainability conference:
(i) bp, the first integrated energy company to commit as a strategic partner, has committed S$10 million in cash over 5 years.
(ii) The Boston Consulting Group and Chevron will contribute an additional S$15 million in cash and in-kind through Impact Partnerships. These resources, in addition to S$130 million from founding and strategic partners, will be used to bolster GCMD’s decarbonization efforts, including conducting trials and pilots.
(iii) GCMD has also signed with the International Chamber of Shipping as well as the Singapore Shipping Association as coalition partners, which will enable GCMD to leverage the extensive stakeholder network and expertise of the respective association.
Mr. Kenneth Lim, Deputy Managing Director (Industry) of MPA, said: “In our rapidly changing interconnected world, we need international partnerships and a strong ecosystem of partners to decarbonize. At the same time, we also continue to innovate for the future of maritime operations, with autonomous navigation being one of the long-term goals, to build the resilience of the maritime sector.
Maritime SG Carbon50 Awards Ceremony
To recognize companies that have contributed to the adoption of carbon accounting and the reduction of emissions in the maritime industry, MPA also organized an awards ceremony with the Singapore Shipping Association (SSA) and the Global Compact Network Singapore (GCNS), where four companies, namely Hong Lam Marine Pte Ltd, Jurong Port Pte Ltd, Victory Pte Ltd and Viswalab Pte Ltd, received the Maritime SG Carbon50 award. The MPA, SSA and GCNS judging committee evaluated the winners based on the three main criteria of reduced emissions, innovation and scalability.
Led by Carbon Pricing Leadership Coalition (CPLC) Singapore, the decarbonization arm of GCNS and supported by the National Environment Agency and Enterprise Singapore, LowCarbonSG is a capacity building program that enables local businesses to monitor and reduce their carbon emissions. By joining this program, companies will have access to the carbon and emissions registration tool as well as the carbon management workshops organized by CPLC Singapore.
Source: Maritime and Port Authority of Singapore