Three shipping companies are in discussion with Singapore to join the LA/LB green corridor
- October 16, 2024
- News
At the Singapore International Bunkering Conference and Exhibition (Sibcon), the Maritime & Port Authority of Singapore (MPA) provided an update on the progress of green corridors. Japanese shipping companies MOL and K-Line, along with Singapore-based Hafnia, are expected to lead efforts to decarbonize and digitalize the Green and Digital Shipping Corridor (GDSC) between Singapore and US West Coast ports.
Key goals include adopting net-zero fuels, Just-in-Time route optimization, and energy-efficient technologies like wind-assisted propulsion. MPA stated that these new partners would enhance the GDSC’s ability to drive sustainable shipping innovation and accelerate the use of zero/near-zero emission fuels and green technologies.
The GDSC between Singapore and Rotterdam has added new partners, GATE Terminal and Singapore LNG Terminal, to assist with bio-methane pilot trials. The GDSC anticipates demand for up to 5 million tonnes of green methane and methanol per year by 2028 for 200 vessels operating between Asia and Europe’s largest ports.
Additionally, Singapore has signed a GDSC with China’s Shandong province, supporting digital and green fuel collaboration in the Bohai and Yellow Sea region, alongside similar agreements with Australia, Japan, the Netherlands, and the US.
Sibcon, the world’s largest bunkering event, is organized by Informa Markets for MPA.