Ocean Network Express Pte Ltd. (ONE) is pleased to announce the participation to the initiatives with industry partners to advance decarbonization efforts in the maritime industry.
ONE together with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Foundation Det Norske Veritas and BHP signed a memorandum of cooperation (MoC) with the Maritime and Port Authority of Singapore (MPA) to establish a fund for a maritime decarbonization center to be set up in Singapore. This follows the release of a recommendation by the International Advisory Panel1 on Maritime Decarbonization (IAP) to set up a maritime decarbonization center in Singapore.
Under the MoC, each private sector partner will contribute S$10 million to support the establishment of the center, fund maritime-decarbonization-related research and technology development projects and collaborate with institutes of higher learning and research institutes.