THE Global Centre for Maritime Decarbonisation has announced four new partnerships at Singapore Maritime Week to support its efforts to decarbonise the maritime industry.
The new partners include BP, Boston Consulting Group, Chevron, and the International Chamber of Shipping.
BP and Chevron are prepared to contribute expertise as energy producers; the ICS will aim to support GCMD through connection to its maritime membership base; and BCG intends to bring insights on macro trends in decarbonisation to help frame the centre’s efforts.
GCMD welcomed the partnerships a year after the centre was established and described them as integral part of its mission to foster collaboration and ensure representation and a diversity of choices across a diverse ecosystem.
GCMD CEO Lynn Loo said collaboration through partnerships is integral to “untangling the complexities of decarbonising shipping”.
“The four partners that we have signed on this … will bring complementary perspectives that are critical to decarbonising the sector,” she said.
“Together our new partners bring a combined S$25 million cash and in-kind contributions as well as their core competencies, technologies and relationships towards our common goal to deploy low-/zero-carbon solutions cheaper, cleaner, and faster.”
ICS secretary general Guy Platten said the partnership will help advance the chamber’s efforts to increase technology readiness levels to ensure we can deliver a sustainable and equitable future for the maritime sector.
“We are delighted to partner with GCMD to seek solutions to the decarbonisation challenge that faces our industry,” Mr Platten said.
“We are going to need an all of the above approach to delivering the fourth propulsion revolution for the maritime sector.”
Carol Howl, BP’s executive vice president for trading & shipping, said BP had helped shape the shipping industry for more than a decade.
“A net zero future for the maritime sector demands industry collaboration – and GCMD is bringing to the forefront the conversations that matter most,” she said.
“As part of GCMD, we look forward to working and advocating with key industry players to further progress solutions at the pace and scale needed to help this carbon intensive sector transition.”
Chevron president Mark Ross said lowering the carbon intensity of shipping requires both innovation and a well-designed policy, which the collaboration which the partnership has the capacity to achieve.
“We look forward to working with our fellow partners to progress our shared lower carbon ambitions,” Mr Ross said.
BCG Asia-Pacific chairman Neeraj Aggarwal said the partnership aligns with the company’s commitment to building an ecosystem of partnerships, and the recent launch of its climate and sustainability hub for innovation in Asia.
“We look forward to collaborating closely with GCMD to drive innovation and maximise impact in the race against climate change.”
