By bringing together shipping industry leaders and tech innovation experts, the Singapore program will further boost the industry to be in line with the IMO's decarbonization targets.

We know that our industry faces a huge challenge to decarbonize emissions and drive digitalization. By connecting creative and talented thinkers with industry leaders at one of the world’s busiest ports and digital hubs, we will be able to convert transformational ideas into real opportunities.

....said Ying Ying Lim, APAC Managing Director for Cargill Ocean Transportation.

Through the program, startups and industry leaders will test and scale transformational technologies that can reduce CO2 emissions.

For the records, the program is part of Rainmaking’s global Trade & Transport platform. 

The Singapore-based version of the program will identify tech startups around Asia and matching them with corporate leaders such as Cargill to deliver scalable pilots and ventures that will generate short and long-term decarbonization ROI and impact.

Concluding, both sides have as a common aim to reduce shipping emissions. In light of the situation, Cargill in partnership with DNV GL launched the 'CO2 Challenge' so as to scale new technologies capable of reducing a ship’s gross CO2 emissions by 10%. The initiative, had focused on decarbonizing the shipping sector as well.