The Castor Initiative, the global coalition that is committed to make zero emission shipping a reality, recently welcomed the Jurong Port as a new partner.
To remind, the Castor Initiative consists MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA) and Yara International ASA (Yara).
Since the project began back in January 2020, partners goal to meet the International Maritime Organization’s (IMO) 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels by using ammonia as a fuel.
In fact, the initiative’s main commitment is to decarbonise the maritime economy through developing ammonia-fuelled tankers.
What is more, the Castor Initiative was motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions.
While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways, while hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.
With Jurong Port, a provider of best-in-class multipurpose port services as the Castor Initiative’s latest partner, the multinational coalition will now have an even wider and diverse circle of maritime expertise to ensure and support the complete ecosystem required for their ammonia-fuelled tanker to operate sustainably on water.
…LR notes.
As explained, true to its firm commitment to reduce total carbon footprint, Jurong Port is home to the world’s largest port-based solar power generation facility as well as the world’s first green berths.
Collaboration among the Castor Initiative partners on an ammonia-fuelled tanker continues apace and we are delighted that Jurong Port has joined our development project and will support our efforts to deliver technically viable and safe zero-emission shipping.
…Nick Brown, LR CEO concludes.
