Shipping groups invest in new decarbonization center in Singapore

Container carrier ONE, shipyard Sembcorp and the BW group are among the names that have now teamed up to raise money for a new maritime decarbonization center in Singapore in collaboration with the city-state's port authority. The parties will add USD 90m to realize the plans.

BY SØREN PICO, SHIPPINGWATCH

Six large players in shipping now join the Maritime and Port Authority of Singapore (MPA) to raise money for a maritime decarbonization center in Singapore.

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Shipping majors bet on different decarbonization paths
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BW chair calls transition to CO2-free fuels "a minefield to navigate"
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