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INDUSTRY LEADERS UNITE TO SET UP SINGAPORE DECARBONISATION CENTRE

INDUSTRY LEADERS UNITE TO SET UP SINGAPORE DECARBONISATION CENTRE

Wednesday, April 21, 2021 

Foundation Det Norske Veritas which owns DNV Group has teamed up with the Maritime and Port Authority of Singapore (MPA) and five other industry leaders to establish a maritime decarbonisation centre in Singapore, with MPA pledging S$60m and Foundation De Norske Veritas contributing S$10m, a figure matched by the other partners, BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp Marine and BHP.

The centre’s stated mission is to catalyse and facilitate decarbonisation in the maritime sector, its creation following the release of a recommendation by the International Advisory Panel (IAP) – a Singapore Maritime Foundation initiative – on maritime decarbonisation. The Memorandum of Cooperation was signed on 21 April.

Remi Eriksen, CEO of the Foundation Det Norske Veritas and DNV said: “The Foundation Det Norske Veritas is driven by a desire to help society tackle major global transformations. Transforming the world energy system is one of the biggest challenges currently confronting society, and shipping must play its part. But doing this cannot be achieved without industry wide collaboration. That is why we have taken the decision to become a founding member of the Singapore decarbonisation centre. We believe the deep expertise behind the Foundation complements Singapore’s status as a world-leading maritime ecosystem for sustainable energy and climate change. Working together, I am confident the Centre will deliver a global impact on decarbonization while further bolstering the Foundation’s purpose of safeguarding life, property and the environment.”

MPA CEO Quah Ley Hoon said: “Maritime decarbonisation is a global challenge requiring a collective responsibility from all stakeholders involved. It is crucial to have strong public-private sector partnerships. We thank like-minded partners like the Foundation Det Norske Veritas that have responded strongly to our call for collaboration. The agreement signed today is a first step, which we hope will catalyse a larger, much needed momentum to make international shipping more sustainable.”

“Collaboration is key to progress on the decarbonisation pathway. At DNV, we are pleased to widen the scope of our longstanding cooperation with MPA by sharing our technical competence and industry knowledge in this maritime decarbonisation centre. Together with leading shipping firms in the region, we look forward to support the adoption of new low- and zero-carbon solutions which will help to reach the IMO greenhouse gas reduction targets,” said Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime, DNV, who signed the Memorandum of Cooperation on behalf of the Foundation Det Norske Veritas.

Spanning a five-year period, Foundation Det Norske Veritas’s contribution will support research and technology development projects in the areas of greenhouse gas emissions reduction, and collaborations with higher education institutes and research bodies.

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