MSC has agreed to contribute to the Global Centre for Maritime Decarbonisation’s resources and projects under a five-year partnership.
The Impact Partnership agreement aims to help shape standards for future fuels, finance first-of-a-kind projects and pilot low-carbon initiatives in real-world operations and conditions.
The overall goal is to help the industry eliminate its greenhouse gas emissions.
As an “impact partner”, MSC plans to contribute financially to GCMD’s pooled resources for pilot projects and trials.
The company said it will also make in-kind contributions by participating in projects, providing access to vessels, operational equipment and other assets, as well as vessel operating data and evaluation reports to inform future trials.
Bud Darr, MSC Group’s executive vice president Maritime Policy & Government, said the company is committed to helping tackle climate change.
“In GCMD we believe we have found an excellent partner to help drive the green transition in our sector,” Mr Darr said.
“We look forward to exchanging ideas, information and access to our substantial expertise and assets, to help accelerate progress towards the net zero future we all aspire to.”
GCMD CEO Lynn Loo welcomed MSC’s partnership.
“Despite current economic uncertainties, decarbonising shipping will need liners – who are closest to customers willing to pay a green premium – to make hard commitments for the industry to progress towards IMO’s 2030 and 2050 goals,” Ms Loo said.
“With MSC coming onboard as our newest impact partner, GCMD is now in a stronger position to drive decarbonisation solutions across the industry.”
GCMD is a not-for-profit organisation based in Singapore, established in August 2021.
Its strategic partners include the Maritime and Port Authority of Singapore, BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, ONE, Sembcorp Marine, bp and Hapag Lloyd.
GCMD said it has also brought onboard 13 impact, coalition and knowledge partners that engage at the centre level, in addition to numerous other partners that engage at the projects level.
