Lloyd’s Register and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy and implementation plan for ‘The Silk Alliance’ cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.
As informed, through complementary technical skills and expertise, both parties will strengthen their commitment to developing partnerships in co-creating the green corridor to trial decarbonisation strategies for container ships operating primarily in Asia to achieve significant emission-saving impact.
The MPA’s entry into ‘The Silk Alliance’ initiative is a significant step forward towards deeper public-private sector collaboration between global maritime industry players and Singapore’s port regulator, focusing on actions to unlock key investments across the Indian and Pacific Oceans region as the green corridor cluster moves into an implementation phase.
The collaboration includes driving investments into scalable fuel supply infrastructure to meet the demand aggregation signal of members of The Silk Alliance and potential wider regional bunkering demands for alternative fuels.
MPA’s contribution to The Silk Alliance, which is based on the Lloyd’s Register Maritime Decarbonisation Hub’s “First Mover Framework”, complements efforts to establish the supply of low- and zero-carbon fuel options, and also its collaboration with other partners to develop Green and Digital Shipping Corridors.
We’re delighted to welcome the MPA to the expanding ‘The Silk Alliance’ cross-industry collaboration. Flag and port authorities play a crucial role in increasing the industry’s confidence in zero-emissions shipping, and as the world’s largest bunkering hub, we see Singapore and the MPA as a driving force in advancing the safe uptake of low-to-zero emissions fuel in the global shipping industry.
..said Nick Brown, Chief Executive Officer, Lloyd’s Register.
Launched in May 2022 with 12 leading cross-supply chain stakeholders, The Silk Alliance brings together an integral group of organisations from both the private and public sector across the entire value chain of shipping.
