Photo credit: MSC

MSC Mediterranean Shipping Company teams up with Singapore´s non-profit organisation Global Centre for Maritime Decarbonisation (GCMD), to collaborate in a five-year agreement to accelerate decarbonisation of the shipping sector.

As an impact partner, MSC will provide cash contribution towards GCMD’s pooled resources for pilots and trials. MSC will also make in-kind contributions through its participation in projects, including access to vessels, operational equipment, and other assets, as well as vessel operating data and evaluation reports so their learnings can help inform GCMD’s future trials.

The family-owned business has been working on energy efficiency for many years and has been an early adopter of responsibly-sourced blended biofuels as a transitional fuel.

MSC has 730 vessels and the industry’s largest newbuilding orderbook of energy-efficient container ships, as the company claims.

Bud Darr, Executive Vice President Maritime Policy & Government Affairs MSC Group, said: “We are committed to helping to tackle climate change and in GCMD we believe we have found an excellent partner to help drive the green transition in our sector.”

GCMD and its strategic partners which include the Maritime and Port Authority of Singapore, BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express, Sembcorp Marine, bp and Hapag Lloyd, aims to help the industry eliminate GHG emissions by shaping standards for future fuels, financing projects, and piloting low-carbon solutions in an end-to-end manner under real-world operations conditions.

On welcoming MSC as GCMD’s Impact Partner, Professor Lynn Loo, CEO of the GCMD said: “Despite current economic uncertainties, decarbonising shipping will need liners – who are closest to customers willing to pay a green premium – to make hard commitments for the industry to progress towards IMO’s 2030 and 2050 goals. With MSC coming onboard as our newest Impact Partner, GCMD is now in a stronger position to drive decarbonisation solutions across the industry.”