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SMW 2022: Digitalisation and decarbonisation discussed at maritime forum

08 Apr 2022

The Maritime and Port Authority of Singapore (MPA) on Thursday (7 April) held the inaugural Maritime Services Leaders Forum on Day 4 of Singapore Maritime Week 2022 to discuss how maritime services need to be evolved to better support digitalisation and decarbonisation efforts in shipping and maritime.

Leading industry experts from diverse maritime services companies gathered today at the forum to engage in high-level dialogue centred around maritime green finance, risk management and dispute resolutions.

Three panel discussions titled: “Green Finance Trends and Unlocking Capital Flows for the Maritime Industry”, “The Changing Nature of Maritime Risks”, and “Maritime Dispute Resolution in Asia” dived into the opportunities and challenges arising from emerging industry trends and how maritime service providers can better address these challenges.

In the welcome address at the Forum, Ms Quah Ley Hoon, Chief Executive, MPA highlighted that MPA is working on a maritime green finance strategy in pursuit of twin goals of developing Singapore as an International Maritime Centre (IMC) and a leading Centre for Green Finance in Asia.

She added that there are plans to:

  • raise awareness of green finance programmes through industry sharing sessions
  • explore development of a standard taxonomy
  • identify opportunities to widen and deepen the range of financing solutions in Singapore and create platforms to match the projects to the finance.

Ms Quah also highlighted its recent collaboration with Lloyd’s of London which would see MPA featured as a case study in the former’s new climate action campaign.

Speakers exchanging their viewpoints on the green financing trends in the maritime industry
Speakers discussing their thoughts on the changing nature of maritime risks
Speakers sharing their perspectives on maritime dispute resolution in Asia

The above development is part of the Singapore Maritime Week which is happening from 4 to 8 April 2022; other developments which have taken place during this event are:

Related: SMW 2022: MPA inks collaborations to accelerate maritime decarbonisation
RelatedSMW 2022: 20 maritime leaders attend inaugural MPA Academy programme
RelatedSMW 2022: Minister highlights ‘decisive green transition’ in keynote address
RelatedSMW 2022: Singapore Sea Transport Industry Transformation Map launched
RelatedSMW 2022: Singapore to establish green shipping corridors for zero-emission maritime routes
RelatedSMW 2022: Event officially opens with ‘Transformation for Growth’ theme
RelatedSMW 2022: MOT and MPA establish Maritime International Advisory Panel
RelatedSingapore Maritime Week 2022 returns with ‘Transformation for Growth’ theme

 

Photo credit: Maritime and Port Authority of Singapore
Published: 8 April, 2022

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