Yang Ming Joins the Silk Alliance to Accelerate Decarbonization in the Maritime Industry
Yang Ming Transport Corp. has joined the "silk alliance," a consortium initiated by "Lloyd's Register Maritime Decarbonization Hub," the objective of which is to simplify the hardships faced by players in the maritime industry concerning decarbonization.
The silk alliance has already brought together big names like MSC Ship management Ltd., Pacific International lines, Keppel Offshore and Marine, Wärtsilä, Wilhelmsen Ship Management, and others. In the face of aggressive deadlines to achieve decarbonization and the technologies on decarbonization still being young, the maritime industry is facing difficulties transitioning to greener alternatives. By joining the alliance, the participants can present a united front to the market and other stakeholders when struggling with the uncertainties and the risk of investment regarding new protocols and technology. The members would also lend their expertise to the cause and develop fuel transition technologies to make the change easier.
The first phase of the silk alliance involves establishing a "Green Corridor Cluster" within Asia. Lloyd's Register Maritime Decarbonization Hub is working with 11 major cross supply chain holders that can make this corridor highly scalable. The backing of major players and presenting an aggregate demand from the entire group is expected to lend credence to the movement and gain support from fuel providers, port operators, and even governments for the Green Corridor Cluster.