- Swire Group, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping today signed a partnership agreement.
- John Swire & Sons will be closely involved with the Center team and provide support in realising the Center’s transition strategy.
- Achieving the long-term target of decarbonisation requires new fuel types and a systemic change within the industry.
John Swire & Sons Limited, the parent company of the Swire Group, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping today signed a partnership agreement, committing to a long-term strategic collaboration around the development of safe and sustainable decarbonisation solutions for the maritime industry, says an article published on their website.
Strategic partnership
As a strategic partner, John Swire & Sons will be closely involved with the Center team and provide support in realising the Center’s transition strategy. Working together, they will explore opportunities to fund and research practical solutions to accelerate decarbonisation in the shipping industry.
John Swire & Sons will also join the Center Advisory Board guiding and contributing to the future development of the Center activities. As a multidisciplinary group Swire brings expertise across a diverse range of sectors and geographies, as well as valuable insights into regulatory and financing services.
Sam Swire, Director of John Swire & Sons Limited says, “Next year, the Swire Group will have been involved in shipping for 150 years. Becoming a partner in the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping is an exciting step for us. We are committed to a sustainable shipping industry and this partnership allows us to work together with like-minded organisations to help the industry achieve that goal. Together with our partners at the Center, we will collectively address decarbonisation issues, develop new technologies and exchange views on sustainability best practices at an industry level. We look forward to a fruitful partnership with the Center.”
Shipping’s road map to decarbonisation
With 70.000 ships consuming m300Tons fuel p.a. global shipping accounts for around 3% of global carbon emissions, a share that is likely to increase as other industries tackle climate emissions in the coming decades.
Achieving the long-term target of decarbonisation requires new fuel types and a systemic change within the industry. Shipping is a globally regulated industry, which provides an opportunity to secure broad-based industry adoption of new technology and fuels.
To accelerate the development of viable technologies a coordinated effort within applied research is needed across the entire supply chain. Industry leaders play a critical role in ensuring that laboratory research is successfully matured to scalable solutions matching the needs of industry.
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Source: swire
