The Maritime and Port Authority of Singapore (MPA) and Nippon Yusen Kabushiki Kaisha (NYK) have taken a significant step towards a greener and more efficient maritime industry. On July 2, 2024, Mr. Teo Eng Dih, Chief Executive of MPA, and Mr. Takaya Soga, President and Group Chief Executive of NYK, signed a memorandum of understanding (MoU) aimed at accelerating efforts in maritime decarbonisation, digitalisation, and manpower development.
This partnership aligns with the International Maritime Organization’s updated Greenhouse Gas strategy for 2023, the Paris Agreement, and other global energy and climate targets. By working together, MPA and NYK aim to foster a sustainable maritime industry through a series of initiatives. One of the primary focuses will be the promotion of maritime fuels such as biofuels, methanol, and low or zero-carbon ammonia. These efforts will be phased to ensure a safe and effective transition to alternative fuels.
A significant component of this MoU is the emphasis on maritime training programs. These programs will equip seafarers with the necessary skills to operate ammonia-fueled vessels and other sustainability-focused technologies. The training will also include leadership programs for local professionals, fostering the development of new competencies essential for the industry’s shift towards low or zero-carbon fuels.
In his statement, Mr. Teo Eng Dih highlighted the importance of this agreement: “This MoU marks a significant milestone in the longstanding partnership between MPA and NYK. As a major bunkering and a maritime hub port, Singapore is in a phase of introducing alternative fuels and enhancing manpower development. MPA looks forward to our partnership with NYK to unlock our collective potential and develop solutions that can be scaled up to benefit the global maritime community in the move towards smart and sustainable shipping.”
Echoing this sentiment, Mr. Takaya Soga added: “NYK has been proactively working on decarbonisation initiatives, digitalisation, and maritime human resource development to materialise a sustainable maritime industry. We have begun ammonia-fuel-related business development including bunkering projects, endorsing the Singaporean government’s initiative on fuel ammonia. Singapore plays a significant role in the maritime industry as the world’s largest hub port for trans-shipment and bunkering. We are delighted to conclude this MoU with MPA as we share the same goals. This MoU will accelerate cooperation between MPA and NYK and contribute to the sustainable development of maritime industry.”
This MoU not only strengthens the bond between MPA and NYK but also sets the stage for significant advancements in the maritime sector. By focusing on sustainability, digitalisation, and manpower development, this partnership aims to lead the global maritime industry into a new era of efficiency and environmental responsibility.
