Rotterdam and Singapore to Work on Establishing the World’s Longest Green Corridor
The Rotterdam port and Singapore's port authority have signed a Memorandum of Understanding to establish the world's longest Green and Digital Corridor. The idea is to bring together a host of participants from all areas of the supply chain to address challenges related to alternative fuels and realize the goal of sustainable vessels on the route by 2027.
Singapore and Rotterdam are the top bunkering spots in the world and are significant players in the field of bunkering traditional fuels. These two ports are working together to face the challenges of introducing alternative fuels, such as costs, availability, and safety. To work on solutions involving fuels such as Hydrogen, Synthetic Methane, Ammonia, etc., which are currently at varying degrees of R&D. There is also an additional aim of digitizing the trade lanes, which will lead to optimizing maritime efficiency, improving safety, and creating a more transparent flow of goods.
As active partners, the two port authorities will work with the Global Centre for Maritime Decarbonization and the Mærsk Mc-Kinney Møller Center for Zero-Carbon Shipping. They will also be joined by other partners from the maritime industry such as BP, CMA CGM, MSC, Maersk, Shell, Ocean Network Express, PSA International, and Digital Container Shipping Association, among others. The involvement of esteemed names across the supply chain in the project is expected to raise investor confidence, attract green financing, and start joint bunkering trials and digitalization trials.