Singapore-based Global Centre for Maritime Decarbonisation and England-based law firm Ashurst have formalised their partnership by signing a coalition partnership agreement says Sea and Job.
- The two have committed to a long-term collaboration to accelerate the maritime industry’s decarbonisation efforts.
- They are aiming at leveraging each other’s domain of expertise through this collaboration.
Partners
“We are glad Ashurst has come on board as GCMD’s coalition partner. As a non-profit organisation, GCMD is pleased to team up with Ashurst, who is providing pro bono legal services to help GCMD advance the decarbonisation agenda in the maritime sector,” Lynn Loo, said CEO of the Global Centre for Maritime Decarbonisation. “The shipping industry is a significant contributor to global climate issues. We are delighted to support GCMD, whose aims are to shape industry standards and identify solutions for the maritime industry, in order to encourage the reduction of carbon emissions and contribute to a more sustainable and resilient future,” Ashurst’s global ESG and sustainability partner Anna-Marie Slot added.
Investments
GCMD was set up on 1 August 2021. It was with an initial investment of S$120 million from the Maritime and Port Authority of Singapore and six founding partners. These are namely BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express and Sembcorp Marine. Located in Singapore, the world’s largest bunkering hub GCMD aims to help the maritime industry eliminate GHG emissions. This is by deploying solutions, financing projects, and fostering collaboration across sectors.
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Source: Sea and Job
