The Maritime and Port Authority of Singapore (MPA) and CMA CGM Group have renewed their Memorandum of Understanding (MoU) to drive sustainable shipping and innovation. Signed by Teo Eng Dih, Chief Executive of MPA, and Rodolphe Saadé, Chairman and CEO of CMA CGM, this agreement builds on a 2022 partnership.
As part of the renewed MoU, CMA CGM plans to expand its fleet under the Singapore Registry of Ships, including the addition of four 23,000 TEU LNG-powered vessels. CMA CGM will also register and bunker alternative-fuel vessels under the Singapore flag, contributing to the shift towards sustainable fuels. By 2029, the company aims to have 153 ships capable of using low-carbon energies such as biogas, bio-methanol, and synthetic fuels, following a $20 billion investment in LNG and methanol-powered vessels.
Both parties will collaborate on pilot projects, including testing an online carbon accounting registry and developing best practices for zero-emission marine fuels. They will also implement standards for efficient and secure data exchange between ships and shore. To further boost maritime cybersecurity, CMA CGM will partner with MPA on digital security initiatives.
In addition, the partnership will focus on enhancing regional shipping services, leveraging Singapore as a key transshipment hub, and developing local talent through leadership programs, internships, and scholarships. A key component of this effort includes working with the Maritime Energy Training Facility (METF) to create a training program for operating alternative fuel vessels.
