Japanese shipping company Mitsui O.S.K. Lines (MOL) and the Maritime and Port Authority of Singapore (MPA) have deepened their collaboration on maritime decarbonization initiatives, including next-generation fuel sources, digitalization, and human resources development.
The collaboration was formalized through the signing of the new memorandum of understanding (MoU) on November 26.
The scope of the MoU includes:
MPA Chief Executive 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 & CEO Takeshi Hashimoto commented: “We have been focusing on the fields of decarbonization, 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.”