MPA, Lloyd’s Register ink pact enabling net-zero shipping across Indian and Pacific oceans

News Shipping & Marine Staff Reporter , Singapore Published: 2 days ago Logo from MPA and LR MDH

The MoU will also make way for the implementation of “The Silk Alliance.”

The Maritime and Port Authority of Singapore (MPA) and Lloyd’s Register Maritime Decarbonisation Hub (LR MDH) will be working together to ensure net-zero shipping across the Indian and Pacific oceans.

Under the Memorandum of Understanding (MoU) signed by the parties, MPA and LR MDH will collaborate on a fleet-specific decarbonisation strategy and implementation plan for ‘The Silk Alliance’ cross-industry initiative.

The Silk Alliance comprises 12 cross-supply chain stakeholders. It was launched in May 2022 to bring together an integral group of organisations from both the private and public sectors across the entire value chain of shipping.

It was initially focused on a baseline fleet that predominantly bunkers in Singapore and sails across Asia, East Africa, the Middle East, Australia, and the Pacific Islands.

“As the implementation phase rolls out, the baseline fleet’s demand is expected to eventually aggregate further to other regional hubs and deep-sea routes, such as the Singapore-Rotterdam green and digital shipping corridor,” MPA said.

Meanwhile, the collaboration between MPA and LR MDH also 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.”

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