CMA CGM and the Maritime and Port Authority of Singapore (MPA), inked a Memorandum of Understanding (MOU) to initiate a collaboration on the development of capabilities and solutions across maritime decarbonisation, digitalisation and innovation.
To accelerate maritime decarbonisation, the two parties will explore the use of zero and low-carbon marine fuels such as e-methanol, e-methane and biofuels for commercial shipping. Research on technologies such as carbon capture solutions is another objective of the MOU.
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As CMA CGM advances to be a net zero carbon company by 2050, and diversifies its energy mix, it recently ordered another 10 dual fuel LNG-powered vessels and 6 dual fuel methanol-powered vessels. Three of these LNG vessels, which will also be e-methane ready, will be registered under the Singapore flag.
The CMA CGM Group’s e-methane ready fleet currently counts 29 vessels in service and will have a total of 77 by 2026.
In addition, various collaboration opportunities would be explored under the MOU for greater digitalisation. These include maritime cybersecurity and just-in-time shipping, achieved through secure and seamless data exchanges for port and cargo documentation and reporting.
The MOU would also see the two parties work together on innovations such as shipboard automation for more safety, efficiency and smarter solutions onboard vessels. CMA CGM and MPA will further explore establishing and investing in Singapore-based incubators and accelerators to grow Singapore-based marinetech startups.
What is more, under the MOU, CMA CGM will strengthen existing collaborations with MPA in attracting talent through maritime scholarships such as the Tripartite Maritime Scholarship. The CMA CGM Group and MPA will cooperate on new industry-wide initiatives to attract and empower the Singapore-based maritime workforce, tapping on the MPA Maritime Cluster Fund.
Decarbonization, digitalization, and innovation are strategic priorities for CMA CGM and the entire shipping industry. Given Singapore’s key position in our global network, I am very pleased to sign this partnership with the Maritime and Port Authority
Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group said.
