Silk Alliance welcomes four new members

Yara Clean Ammonia, the Methanol Institute, MPC Container Ships and the NUS Centre for Maritime Studies have joined MPA Singapore and LR Maritime Decarbonisation Hub by signing up to the Silk Alliance.

The initiative focuses on a regional fleet which bunkers mainly in Singapore but also trades across the Indian and Pacific oceans.

“The new Silk Alliance members can support the concerted effort of all our cross-industry partners with the aim of decarbonising the shipping corridor cluster in Singapore and the intra-Asia region,” said Charles Haskell, director of the LR Maritime Decarbonisation Hub.

“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.”

The Silk Alliance aims to solve the ‘chicken-or-egg’ dilemma of where to focus efforts to prompt the use of greener fuels – supply or demand.

It is hoped that by including a variety of industry such as shipping lines, academic institutions and clean energy suppliers the push can come from all angles.

“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,” said Constantin Baack, chief executive of MPC Container Ships.