Yara Clean Ammonia ASA, the Methanol Institute, MPC Container Ships ASA, and the NUS Centre for Maritime Studies have joined the Silk Alliance to decarbonize a regional shipping corridor centred on the container trades.
The Silk Alliance is focused on a regional fleet, predominantly bunkering in Singapore that also trades across the Indian and Pacific Oceans. The onboarding of Yara Clean Ammonia ASA and the Methanol Institute will accelerate efforts to better understand the fuel infrastructure considerations and bunkering capacity development required for zero-emission shipping.
With our global footprint and safe track record in ammonia production, maritime logistics and trade, as well as the concurrent development of various low/zero-carbon ammonia production projects, Yara Clean Ammonia will engage closely with our partners and support the Silk Alliance in achieving its objectives.
… said Murali Srinivasan, Senior Vice President (Commercial) of Yara Clean Ammonia ASA
The initiative aims to allow the fuel supply and fleet sides to overcome the chicken-or-egg dilemma in generating demand for low-to-zero carbon fuels. This ambition is further amplified with the inclusion of MPC Container Ships ASA, a container ship company specialising in serving intra-regional trade lanes, owning and operating one of the largest feeder fleets globally.
Constantin Baack, CEO of MPC Container Ships said that the Silk Alliance is an ideal setting enabling the collaboration between industry experts to jointly tackle prevailing challenges and further develop the concept of green corridors.
Meanwhile, Chris Chatterton, Chief Operating Officer, The Methanol Institute, highlighted that they are looking forward to playing an active role in the Silk Alliance, helping stakeholders understand how they can adopt low carbon Methanol now and put themselves on a pathway to carbon neutrality, leveraging an existing supply chain and existing infrastructure.
Joining as a new member of the Silk Alliance, we hope to contribute to the operationalisation of a green corridor in the intra-Asia region and support the maritime industry in achieving the 2050 reduced emission target.
… commented Prof. Chew Ek Peng, Director of the NUS Centre for Maritime Studies
In addition, the academic partnership with the NUS Centre for Maritime Studies allows scope for further research work into technological solutions for the green corridor cluster, which complements ongoing scientific assessments of climate change risks undertaken by the Lloyd’s Register Foundation NUS Institute for Public Understanding of Risk.
Through the implementation of the initiative, we aim for a spillover effect to the wider industry that will generate the momentum needed for shipping to fulfil its 2050 reduced emissions target.
… concluded Charles Haskell, Director of the LR Maritime Decarbonisation Hub
