Mitsui O.S.K. Lines, Ltd. (MOL) has signed a memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to collaborate in the areas of decarbonization, digitalization, and human resources development.
As informed, MOL and MPA have already been working together on various initiatives to decarbonize the maritime industry, and this new agreement strives to further enhance and expand their collaborative efforts across these critical fields. Specifically, the scope of the MoU covers the following:
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Collaboration in the field of decarbonization in the maritime industry in general: Mutual collaboration to establish a supply system for next-generation fuel sources such as methanol, ammonia, and hydrogen. The collaboration will also include study on the use of wind technology.
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Digitalization and maritime innovation: Improving voyage management and efficiency of transport operations through digitalization, including development of cybersecurity, collaboration on autonomous vessel trials, and nurturing a marine innovation ecosystem that emphasizes collaboration with local startups.
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Joint development of maritime human resources: Grow and enhance manpower capabilities, including grooming seafarers and shore-based workforce.
MPA Chief Executive Teo Eng Dih explained that as a maritime hub port, supported by their innovation and research ecosystem, MPA is working closely with industry and tripartite partners to support digitalisation, cybersecurity, decarbonisation and manpower capabilities.
We have been focusing on the fields of decarbonization, digitalisation, and human resources development, which we have decided to deepen cooperation with MPA this time. MPA is committed to working hard to create a sustainable maritime industry in Singapore, the hub of the maritime industry. We pay our respect to MPA for its enthusiasm and energy.
… said MOL President & CEO Takeshi Hashimoto
