Mitsui OSK Lines (MOL) has signed a comprehensive memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to deepen cooperation in several fields, including decarbonisation.
MOL and MPA have previously cooperated in various initiatives to decarbonise the maritime industry: the new agreement is intended to further promote these initiatives.
MPA CEO Teo Eng Dih said: “This MoU reaffirms MPA and MOL’s longstanding collaboration. As a maritime hub port, supported by our innovation and research ecosystem, MPA is working closely with industry and tripartite partners to support digitalisation, cybersecurity, decarbonisation and manpower capabilities. We look forward to MOL’s expansion of activities, tapping on both our experience and expertise, to develop scalable solutions for the Singapore-Japan Green and Digital Shipping Corridor and the wider maritime community.”
MOL President and CEO Takeshi Hashimoto added: “We have been focusing on the fields of decarbonisation, digitalisation, and human resources development, which we have decided to deepen cooperation with MPA this time. MPA is committed to working hard to create a sustainable maritime industry in Singapore, the hub of the maritime industry. We pay our respect to MPA for its enthusiasm and energy. The fields of bilateral cooperation are also a challenge for the maritime industry as a whole, and I hope we can increase the feasibility by working together as like-minded people. We are confident that the establishment of this comprehensive cooperative relationship will contribute to the maritime industry in general.”
The scope of the MoU includes collaboration in the field of decarbonisation in the maritime industry in general, with mutual collaboration to establish a supply system for next-generation fuel sources such as methanol, ammonia, and hydrogen. The collaboration will also include a study on the use of wind technology.
Image: Left: MPA CEO Teo Eng Dih, right: MOL President and CEO Takeshi Hashimoto (source: MOL)
