The MoU builds on the long-standing collaboration between MPA and GCNS to raise sustainability capabilities in the maritime sector, which includes an MoU signed in 2017 to provide maritime companies with training on sustainability reporting. The MoU was further expanded to include the Singapore Shipping Association (SSA) in 2021 to support the development of capabilities in carbon accounting through training and recognition. Through the initiative, 15 companies have since been awarded the Maritime Singapore LowCarbon50 Award over the past three years for their decarbonization plans and accurate carbon accounting.
Under the new MoU signed today, MPA and GCNS will collaborate with key industry associations, including the Association of Regional Ferry Operators, the Association of Singapore Marine & Offshore Energy Industries (ASMI), the Singapore Association of Ship suppliers and Services (SASS), and SSA to train their members through workshops on the use of the Carbon Emissions Recording Tool (CERT) to measure and monitor their companies carbon emissions.
The MoU partners will work together to develop training workshops to meet the carbon accounting and management needs of maritime companies, including information sharing on green financing and funding schemes that maritime companies can tap into to reduce their deployment cost of low and zero-carbon emission technologies and vessel designs.
Mr. Teo Eng Dih, Chief Executive of MPA, said, “This MoU with GCNS reaffirms the importance of carbon accounting and management tools to help maritime companies to accurately measure, report, and verify their carbon emissions. We look forward to collaborating with GCNS and industry associations to help maritime companies meet their emission targets and compliance requirements.”
Ms. Veronica Lai, Vice President of GCNS, added, “GCNS is delighted to strengthen this vital partnership with MPA and the trade associations of ASMI, ARFO, SASS and SSA. We firmly believe that collaboration within the industry is essential for advancing Singapore’s maritime decarbonization efforts, and this MoU is a testament to that commitment. We look forward to working hand in hand with MPA and our industry partners to equip local companies with the resources and knowledge to effectively manage their emissions. We are excited to support and facilitate the maritime sector in navigating their transition towards a low-carbon future.”
