The Maritime and Port Authority of Singapore (MPA), Port of Long Beach, and Port of Los Angeles have formalized their plans for a transpacific green and digital shipping corridor connecting the global hub ports.
The plan, called the Partnership Strategy, follows the signing of a memorandum of understanding by the the three ports at Singapore Maritime Week in April 2023 with support from the C40 Cities.
“The strategies we develop here can be used as a roadmap by a larger network of seaports and supply chain companies to invest in programs, technologies, software and infrastructure to decarbonize international trade everywhere,” said Port of Long Beach CEO Mario Cordero.
According to reports, the Green shipping corridors are specific trade routes established to help accelerate zero-emission shipping through collaborative efforts between public and private stakeholders. A recent report by the Global Maritime Forum revealed that the number of green corridor initiatives have doubled over the past year and there are now more than 40 planned worldwide.
Under this new partnership, the ports and C40 cities, a global network of the world’s largest cities, will collaborate with fuel and maritime stakeholders to coordinate decarbonization efforts, establish green shipping best practices, enhance technology adoption, and leverage networks to achieve net-zero greenhouse gas emissions and promote zero and near-zero emission technologies.
The Maritime and Port Authority of Singapore (MPA), Port of Long Beach, and Port of Los Angeles have formalized their plans for a transpacific green and digital shipping corridor connecting the global hub ports.
The plan, called the Partnership Strategy, follows the signing of a memorandum of understanding by the the three ports at Singapore Maritime Week in April 2023 with support from the C40 Cities.
“The strategies we develop here can be used as a roadmap by a larger network of seaports and supply chain companies to invest in programs, technologies, software and infrastructure to decarbonize international trade everywhere,” said Port of Long Beach CEO Mario Cordero.
Green shipping corridors are specific trade routes established to help accelerate zero-emission shipping through collaborative efforts between public and private stakeholders. A recent report by the Global Maritime Forum revealed that the number of green corridor initiatives have doubled over the past year and there are now more than 40 planned worldwide.
Under this new partnership, the ports and C40 cities, a global network of the world’s largest cities, will collaborate with fuel and maritime stakeholders to coordinate decarbonization efforts, establish green shipping best practices, enhance technology adoption, and leverage networks to achieve net-zero greenhouse gas emissions and promote zero and near-zero emission technologies.
The strategy includes a partnership structure and governance mechanism that clearly defines the roles and responsibilities of each partner. It also outlines processes for onboarding new participants, financial management, confidentiality, and decision-making. The founding partners plan to engage stakeholders in the shipping and fuel supply value chains to onboard new corridor participants in 2024.
“This Partnership Strategy document is the foundation upon which we’ll build the future of maritime shipping,” said Port of Los Angeles Executive Director Gene Seroka.
A study has also been initiated to analyze trade flows and vessel traffic between Singapore, Los Angeles, and Long Beach. The objective is to estimate the quantity of near-zero and zero-emission fuels required and identify opportunities for collaboration in order to develop the corridor.
“We are excited to see this partnership grow from strength to strength with the Green and Digital Shipping Corridor Partnership Strategy.
“We have embarked on evaluating the various digital solutions and zero and near-zero fuels options that could be trialled along the route between Singapore and the San Pedro Bay Port Complex. We look forward to the support of all the corridor stakeholders over the coming months to conduct trials and potentially scale them for wider adoption,” added Teo Eng Dih, Chief Executive of the MPA.