The Ministry of Transport of the Republic of Singapore and the Ministry of Transport of the People’s Republic of China have signed a Memorandum of Understanding (MoU) to establish the Singapore–China Green and Digital Shipping Corridor (GDSC).
The MoU elevates Singapore and China’s GDSC cooperation to the national level, building on the earlier established municipality-level and provincial-level GDSCs with Tianjin and Shandong, established in 2023 and 2024 respectively.
Under the MoU, Singapore and China will work with industry stakeholders to advance maritime decarbonization, enhance port and supply-chain efficiency, and develop supporting technologies, infrastructure, and standards to promote a more sustainable and connected maritime ecosystem. It also seeks to strengthen digitalization in maritime transport operations, by promoting the use of data-driven systems to enhance efficiency, resilience, and transparency across the maritime value chain.
Building on their respective strengths in manufacturing, supply chain ecosystems, regulatory frameworks, and financial capabilities, both countries aim to drive innovation and the effective implementation of green and digital initiatives in the maritime sector.
[…] has established several green shipping corridors over the years, the most recent one was with China. The country’s green shipping program grants up to 100% concessions on initial registration […]
Comments are closed.