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 on April 21.
MPA and Temasek will explore ways of decarbonising port operations, and developing and using low-carbon and/or alternative marine energy sources. They will also look at decarbonising other parts of the global and regional maritime supply chain.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
“Maritime decarbonisation is a global challenge requiring a collective responsibility from all stakeholders involved. It is crucial to have strong public-private sector partnerships.” MPA CEO Quah Ley Hoon said. “We thank like-minded partners that have responded strongly to our call for collaboration. The agreements signed today are two initial steps, which we hope will catalyse a larger, much-needed momentum to make international shipping more sustainable.”
MPA on the same day signed a memorandum of cooperation with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foundation Det Norske Veritas and BHP to establish a fund for a maritime decarbonisation centre to be set up in Singapore.