On 21 April 2021 the Maritime and Port Authority of Singapore – MPA signed a Memorandum of Cooperation (MoC) with BW Group, Sembcorp Marine Ltd, Eastern Pacific Shipping Pte. Ltd., Ocean Network Express, Foundation Det Norske Veritas and BHP to establish a S$120 million fund.
The fund will be used to support the establishment of the centre, undertake research and technology development projects in areas relating to maritime decarbonisation, and foster collaboration with institutes of higher learning and research institutes. We welcome industry partners to collaborate with us at the centre.
MPA also signed a MoU with Temasek International to collaborate on opportunities in the area of maritime decarbonisation. We aim to reduce carbon emissions across port operations, maritime supply chains and shipping, including new potential low- or no-carbon fuels for ships.
Full MPA press release here