At the 28th United Nations Climate Change Conference, the Maritime and Port Authority of Singapore or MPA, Port of Los Angeles and Port of Long Beach Dec. 6 unveiled a Partnership Strategy for a green and digital shipping corridor across the Pacific Ocean.
The scope of cooperation and success indicators specified in the strategy reaffirm the corridor partners’ goals to drive global action to digitize and decarbonize the shipping industry and improve efficiencies.
The release of the partnership strategy follows the signing of a memorandum of understanding by MPA, Port of Los Angeles and Port of Long Beach during Singapore Maritime Week in April 2023. The signing formalized the partnership, which is supported by C40 Cities, with the aim of establishing a green and digital shipping corridor connecting the three global hub ports.
The strategy released Dec. 7 outlines steps to accelerate decarbonization of the maritime shipping industry by enabling first mover organizations to achieve net-zero greenhouse gas emissions by the earliest feasible date, in support of the goals defined by the 2023 International Maritime Organization’s Strategy on Reduction of GHG Emissions from Ships. The ports and C40 will work together and with value-chain stakeholders from the fuel and maritime sectors to:
- Coordinate decarbonization efforts: Partners will help to catalyze and coordinate efforts to enable ships calling at the Port of Singapore, Port of Los Angeles and Port of Long Beach to achieve net-zero greenhouse gas emissions by the earliest feasible date.
- Build consensus on green shipping best practices: Partners will seek to establish consensus around green shipping best practices and standards.
- Improve access to and adoption of technology and digital solutions: To enhance supply chain efficiency, resilience and decarbonization while reducing costs and improving reliability, partners will work to develop and deploy innovative technology and digital solutions.
- Leverage networks: Partners will work with stakeholders involved in other green shipping initiatives, including those established by the three ports and other parties, to scale the uptake of zero and near-zero emission technologies, fuels and energy sources.
To achieve these aims, a partnership structure and governance mechanism have been developed to provide clarity on the roles and responsibilities of corridor partners. The strategy also outlines processes for onboarding new participants, financial management, confidentiality and decision-making.
As next steps, the ports and C40 have commissioned a study to analyze trade flows and vessel traffic between Singapore, Los Angeles and Long Beach. The study will estimate the quantity of near-zero and zero-emission fuels required for this traffic, and guide implementation by identifying opportunities for collaboration to advance the development of the corridor.
The founding partners will now engage stakeholders from across the shipping and fuel supply value chains, with the intention of onboarding new corridor participants in 2024.