PSA Joins ‘The Silk Alliance’ To Develop Green Fuels

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The Lloyd’s Register Maritime Decarbonisation Hub welcomes a new partner, PSA Corporation Ltd (PSA), to ‘The Silk Alliance’, a cross supply-chain maritime partnership dedicated to the development of a fleet-specific fuel transition strategy for container ships operating in Singapore and the wider Asia region, based on the Hub’s First Movers Framework, reports Port Technology.

Establishment of a Green Corridor Cluster

As LR explained, with the inclusion of PSA , ‘The Silk Alliance’ is set to benefit from an even wider range of deep maritime expertise to foster industry collaboration in the establishment of a Green Corridor Cluster in Singapore and the wider Asia region.

As a signatory to the Call to Action for Shipping Decarbonisation by the Global Maritime Forum’s Getting to Zero Coalition, PSA is also strongly committed to the mission of the Maritime Decarbonisation Hub to enable international shipping to achieve 5% adoption of zero carbon fuel by 2030.

Current members of ‘The Silk Alliance’ include shipowners, MSC Shipmanagement Ltd., Pacific International Lines (Pte) Ltd (PIL), Wan Hai Lines, X-Press Feeders, Yang Ming Marine Transport Corp.; shipyard, Keppel Offshore & Marine Ltd (Keppel O&M); bunker logistical supplier, Singfar International; engine manufacturer, Wärtsilä; ship manager, Wilhelmsen Ship Management; and financial institutions, the Asian Development Bank and ING.

Ports – Catalysts for decarbonization

Ports are nexus points in the maritime supply chain, providing the critical interface between importers, exporters, shipowners, logistics and transport providers, customs and other government authorities, and intermediaries such as freight forwarders. Ports are therefore uniquely positioned to become catalysts for the decarbonization in a multitude of sectors, ranging from maritime, energy, logistics and transport,” Charles Haskell, Lloyd’s Register’s Decarbonisation Programme Manager, said.

Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said that ”PSA remains steadfast in its commitment to the green and sustainable global movement of goods, including accelerating our digital solutions to enhance port and supply chain efficiency and resilience. We will continue to work with our customers and partners to scale up towards a greener maritime industry.”

The Silk Alliance

‘The Silk Alliance’ was motivated by the partners’ shared belief that the maritime industry needs to strengthen leadership and foster collaboration that can demonstrate tangible actions in the deployment of zero carbon fuels and vessels at scale. Over the next few months, the partnership will work towards delivering learnings from focused studies and workshops to develop the strategy needed to transition intra-Asia shipping fleets to zero carbon fuels.

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Source: Port Technology

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