Singapore, Australia partner to establish Green and Digital Shipping Corridor

Singapore and Australia have signed a Memorandum of Understanding

Corridor.

Singapore and Australia’s Prime Ministers hailed the signing of the MoU at

their 9th Annual Leaders’ Meeting in Melbourne on 5 March 2024.

This comes nine months after Australia and Singapore announced plans to

establish a Singapore-Australia green and digital shipping corridor by the end

of 2025.

The MoU, signed by Chee Hong Tat, Singapore’s Minister for Transport and

Second Minister for Finance, and the Hon Catherine King MP, Australian Minister

for Infrastructure, Transport, Regional Development, and Local Government, aims

to expedite marine decarbonisation and digitalisation.

Under the terms of the MoU, both countries will collaborate with interested

parties to investigate opportunities for developing zero or near-zero GHG

emission fuel supply chains for the maritime industry, which will include

building necessary infrastructure, formalising standards, and developing and

implementing training requirements.

The MoU will also look into ways to facilitate digital information exchange

to allow for more efficient port clearance, port calls, and vessel flow between

Singapore and Australia, as well as collaboration between the Singapore Maritime

and Port Authority (MPA), Australian federal, state, and territory governments,

and industry stakeholders.

The partnership is planned to accelerate the development and implementation

of zero or near-zero GHG emission technologies, as well as the adoption of

digital solutions to improve the resilience, efficiency, and sustainability of

global marine supply chains.

In January, MPA partnered with Pyxis Energy, Pyxis Maritime, SP Mobility,

Seatrium O&G, and Yinson Electric to test vessel charging concepts in the

region.