Global Centre for Maritime Decarbonisation signs 5-year agreement with MSC

In Singapore, the Global Centre for Maritime Decarbonisation (GCMD) and MSC Mediterranean Shipping Company (MSC) announced their signing of a five-year Impact Partnership agreement.

As the world’s largest shipping line, MSC has 730 vessels and the industry’s largest newbuilding orderbook of energy-efficient container ships. 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 advocated for the availability of supply of a range of alternative fuels and has set a clear goal to achieve net decarbonization by 2050.

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.