In order to cooperatively develop capabilities and solutions in the areas of maritime decarbonization, digitalization, and innovation, CMA CGM Group and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MOU).
The two sides want to develop a workforce that has the education and expertise needed in the future. The two parties will investigate the use of zero and low-carbon marine fuels, such as e-methanol, e-methane, and biofuels for commercial shipping, to hasten maritime decarbonization.
Another goal of this partnership is the research into technologies such as carbon capture solutions.
“Decarbonisation, digitalisation and innovation are strategic priorities for CMA CGM and the entire shipping industry,” noted Rodolphe Saadé, chairman and chief executive officer of the CMA CGM Group.
“Given Singapore’s key position in our global network, I am very pleased to sign this partnership with the Maritime and Port Authority. It will allow us to address the challenges ahead and strengthen our existing strong ties with Singapore, its industries, and its digital ecosystem, while reflecting our attachment to this country,” he added.
Three of the LNG vessels, ordered by the French company, that are also e-methane ready, will sail under the Singaporean flag. CMA CGM currently has an e-methane-ready fleet of 29 vessels in service and will have a total of 77 by 2026.
The MOU will explore various collaborative opportunities for greater digitalisation, such as maritime cyber security and just-in-time shipping, achieved through data exchanges for port and cargo documentation and reporting.
At the same time, the two parties will work together on innovations such as shipboard automation for more safety, efficiency, and smarter solutions onboard vessels.
They will also explore creating and investing in Singapore-based incubators and accelerators to develop Singapore-based marine technology start-ups. “We are happy to work with a like-minded partner like CMA CGM who shares our bold ambitions to make international shipping more sustainable and resilient, and who which also believes in taking pragmatic and concrete steps towards these aspirations,” stated Quah Ley Hoon, chief executive of Maritime and Port Authority of Singapore.
