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Singapore and Australia Establish Green and Digital Shipping Corridor

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Singapore and Australia Establish Green and Digital Shipping Corridor

by Daisy D.
03/05/2024
in Green Supply Chains, Sustainability & Ethics

Singapore and Australia have recently formalized an agreement by signing a memorandum of understanding (MOU) to establish the Singapore-Australia Green and Digital Shipping Corridor (GDSC).

This collaboration aims to develop zero or near-zero greenhouse gas (GHG) emission fuel supply chains for the maritime industry. It involves building essential infrastructure, setting standards, and implementing training requirements. Additionally, the partnership explores facilitating digital information exchange to streamline port clearance, port calls, and vessel flow between Singapore and Australia.

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The initiative is expected to involve cooperation between the Maritime and Port Authority of Singapore (MPA), Australian federal, state, and territory governments, as well as industry stakeholders.

According to a press statement issued jointly by the Australian government, Singapore’s Ministry of Transport, and MPA, the MOU is anticipated to stimulate the development and adoption of zero or near-zero GHG emission technologies. It aims to promote digital solutions that enhance the resilience, efficiency, and sustainability of global maritime supply chains.

Australia’s potential as a significant producer of green marine fuels and Singapore’s status as the world’s largest bunkering and busiest transshipment hub port with a robust research and innovation ecosystem were highlighted in the statement.

The MOU was signed by Singapore’s Minister for Transport Chee Hong Tat and Australia’s Minister for Infrastructure, Transport, Regional Development, and Local Government Catherine King during the 9th Annual Leaders’ Meeting held in Melbourne.

Both countries had previously announced discussions to explore establishing the GDSC by the end of 2025.

Minister Chee emphasized that the MOU signifies the shared commitment of Singapore and Australia to collaborate on developing scalable green and digital solutions for the maritime sector and to enhance workforce skills to support the energy transition.

In addition to the GDSC, Singapore and Australia are collaborating on research and development, demonstration projects, and pilots under a low-emissions technologies initiative for maritime and port operations. This initiative is aligned with and will support the outcomes of the Singapore-Australia GDSC.

The collaboration involves MPA, the Australian government agency Commonwealth Scientific and Industrial Research Organisation, and is supported by Singapore’s Agency for Science, Technology, and Research.

This partnership follows Singapore’s agreement with Tianjin in December 2023 to establish a green and digital shipping corridor between the two cities. It represents the first such corridor between Singapore and China and is expected to serve as a testbed for digital solutions, alternative fuels, technologies, and manpower development to support decarbonization and digitalization in shipping.

Your go-to source for supply chain logistics news updates: The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com.

#SingaporeAustralia #GreenDigital #ShippingCorridor #MaritimeCollaboration #SustainableTrade #GlobalLogistics #EcoFriendlyPartnership #TransnationalShipping #InnovationInTrade #EfficientSupplyChains #News #TheSupplyChainReport

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