Singapore-Australia Green and Digital Shipping Corridor to be set up by 2025
The announcement by the Maritime and Port Authority of Singapore (MPA) and Australia’s Department of Infrastructure, Transport, Regional Development, Communications and the Arts noted that the authorities are working closely with port operators, relevant jurisdictions and maritime and energy value chain stakeholders to decarbonise and digitalise the shipping industry.
This development aligns with the Green Shipping Cooperation initiative outlined in the Singapore-Australia Green Economy Agreement in October 2022.
The agreement identified opportunities to identify digital shipping solutions to improve the efficiency of port calls and the flow of goods, as well as paperless handling between the ports of Australia and Singapore.
The agreement also focused on the identification of areas of mutual interest and collaboration to reduce carbon emissions in the maritime sector.
This includes the establishment of low and zero-carbon fuel supply chains and greening port services and shipping operations to accelerate the development and uptake of green marine fuel sources.
The Motorship notes that the uptake of renewable fuels aligns with Australia’s focus on developing renewable ammonia and hydrogen exports by 2030.
“In view of the substantial cross-border trade between Australia and Singapore, this collaboration is a significant step towards exploring how both partners can take a global leadership role in optimising their shipping routes to test and trial green and digital solutions. This reinforces the importance of international cooperation in decarbonising shipping and the maritime industry,” DITRDCA and MPA said.