The Maritime and Port Authority of Singapore (MPA) has renewed its memorandum of understanding with Bureau Veritas (BV) to enhance collaboration in maritime digitalization, decarbonization, and talent development. This partnership aims to establish a BV global innovation hub in Singapore, focusing on emerging technologies like cybersecurity and smart ship systems.
As the maritime sector faces pressure to cut greenhouse gas emissions, alternative fuels like hydrogen and ammonia are gaining attention. At the Caribbean sustainable energy conference, experts emphasized Trinidad and Tobago’s potential to adopt zero-emission fuels, highlighting the need for significant investment and diverse decarbonization strategies by 2030.
The University of Victoria has partnered with the Centre for Ocean Applied Sustainable Technologies to establish the BC Marine Energy and Decarbonization Hub. This initiative aims to advance renewable marine energy technologies, support local companies, and promote decarbonization in British Columbia, contributing to job creation and clean energy solutions for coastal communities.
Svitzer has signed a global EcoTow agreement with Wallenius Wilhelmsen, advancing their decarbonization efforts. The partnership aims to reduce Scope 3 emissions in Svitzer’s global operations, using biofuels in tug jobs in key markets. This collaboration reflects a growing demand for voluntary emissions reduction schemes and sets a positive example for the maritime industry.
Leaders in the maritime industry recently gathered at SMW 2025 to discuss the challenges and opportunities in the sector. Jeremy Nixon highlighted political processes and security issues affecting container trade, while Zahid Osman emphasized the impact of conflict on global trade. James Marshall shared optimism about market recovery and the industry’s strategies for decarbonization.
The sixth round of the Clean Maritime Demonstration Competition (CMDC) is now open for bidders until April 16, 2025. This UK government-funded initiative aims to support the maritime industry in achieving net zero emissions. UK-registered organizations can apply for a share of a £30 million fund to develop innovative clean maritime technologies and skills.
Eni, Fincantieri, and RINA have joined forces to release a groundbreaking report on sustainable maritime transport. The collaboration, with the support of Bain & Company Italy, aims to drive decarbonization in the sector towards a Net Zero target by 2050. The study explores various decarbonization options and future scenarios.
Plug and Play has partnered with the Maritime and Port Authority of Singapore to drive innovation, digitalization, and decarbonization in the maritime industry. This collaboration aims to support startups, encourage corporate involvement, and solidify Singapore’s position as a leading innovation hub in the maritime sector.
Singapore and India have signed a Letter of Intent to collaborate on maritime digitalization and decarbonization efforts. The agreement aims to establish a formal partnership through a memorandum of understanding for a Singapore-India Green and Digital Shipping Corridor. This initiative will drive innovation and progress in the field of maritime sustainability.
The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the IMO’s decarbonization goals. Nine signatories and nine affiliate members across ten countries are committed to sustainability and risk management in the marine insurance sector. The report highlights efforts to align operations with global emission reduction targets.
South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) is leading a project to recycle evaporated gas emitted during the construction of liquefied natural gas-powered ships into city gas. The initiative aims to reduce greenhouse gas emissions and is part of a national task established by the South Korean Ministry.
Hapag-Lloyd is advancing its sustainability efforts by adopting StormGeo’s digital solutions to comply with the FuelEU Maritime regulation, effective January 1, 2025. Utilizing technology for monitoring fuel consumption and emissions, the partnership enhances compliance and environmental performance, showcasing a proactive approach to decarbonization in the shipping industry.
The shipping industry is under pressure from regulations and rising fuel costs to accelerate decarbonization efforts. DNV’s report outlines over 40 energy efficiency measures to help shipowners reduce fuel consumption and transition to alternative fuels. This comprehensive overview emphasizes the importance of energy efficiency in meeting regulatory requirements and ensuring profitability in the future.
The maritime industry is actively exploring sustainable alternatives to traditional fossil fuels, with ammonia emerging as a promising solution for decarbonizing shipping. It offers zero carbon emissions and can be produced from renewable sources. Collaboration among stakeholders is crucial to safely integrate ammonia as a marine fuel, requiring understanding, regulation updates, and necessary changes.
The European Commission’s Clean Industrial Deal aims to promote decarbonization and support the future of manufacturing in Europe by addressing obstacles like high energy prices and regulatory burdens. Industry stakeholders, including European Shipowners and Hydrogen Europe, have expressed support for the initiative, emphasizing the need for concrete actions to meet climate targets by 2030.
