Singapore to set up S$120m maritime decarbonisation centre

Singapore

THE Maritime and Port Authority of Singapore (MPA) on Wednesday said it will establish a S$120 million fund for a maritime decarbonisation centre to be set up in Singapore, supported by funding from industry partners.

MPA has signed a memorandum of cooperation with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foundation Det Norske Veritas and BHP.

Each private sector partner will contribute S$10 million to the fund, while MPA will add S$60 million in research and development funding, it said in a press statement. This will support the est…

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