India, Singapore Plan Green Digital Shipping Corridor for Global Trade
PORTS & SHIPPING

India, Singapore Plan Green Digital Shipping Corridor for Global Trade

India's green fuel and digital shipping initiatives are set to play a significant role in global trade through Singapore's maritime sector, which supplies over 55 million tonnes of bunker fuel annually, making it one of the largest shipping hubs in the world.

India and Singapore are in discussions to establish a "Green Digital Shipping Corridor," aimed at connecting international ports and marine industries to enhance global shipping efficiency and sustainability. This initiative aligns with India's strategy to export green fuel, hydrogen, and ammonia, leveraging Singapore’s strategic position as a key global distributor of these eco-friendly energy sources.

A high-level Indian delegation, led by the Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, is scheduled to visit Singapore to develop collaborative programs with the country's maritime industry. The focus of the visit includes promoting green shipping and accelerating the digitization of Indian ports, reinforcing India’s ambition to emerge as a global maritime trade leader.

Singapore, in parallel, is exploring opportunities in the industrialization of shipping, including capacity expansion, port modernisation, and shipyard advancements. These efforts aim to strengthen its position in the evolving maritime landscape.

Sonowal’s visit coincides with Singapore Maritime Week, scheduled from March 24-28, where he will be accompanied by representatives from key Indian maritime organizations, including the Indian Ports Association, Cochin Shipyard, Indian Maritime University, and several shipyards such as Swan Defence and Heavy Industries, Chowgule Shipyard, Garden Reach Shipyards and Engineers, San Marine Shipyard, Synergy Ship Builders, and L&T Shipyard.

With approximately 20,000 global industry professionals expected to attend the event, the visit presents an opportunity for business engagements and industry collaboration, potentially fostering stronger maritime ties between India and Singapore.

News source: Pune Mirror

India's green fuel and digital shipping initiatives are set to play a significant role in global trade through Singapore's maritime sector, which supplies over 55 million tonnes of bunker fuel annually, making it one of the largest shipping hubs in the world. India and Singapore are in discussions to establish a Green Digital Shipping Corridor, aimed at connecting international ports and marine industries to enhance global shipping efficiency and sustainability. This initiative aligns with India's strategy to export green fuel, hydrogen, and ammonia, leveraging Singapore’s strategic position as a key global distributor of these eco-friendly energy sources. A high-level Indian delegation, led by the Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, is scheduled to visit Singapore to develop collaborative programs with the country's maritime industry. The focus of the visit includes promoting green shipping and accelerating the digitization of Indian ports, reinforcing India’s ambition to emerge as a global maritime trade leader. Singapore, in parallel, is exploring opportunities in the industrialization of shipping, including capacity expansion, port modernisation, and shipyard advancements. These efforts aim to strengthen its position in the evolving maritime landscape. Sonowal’s visit coincides with Singapore Maritime Week, scheduled from March 24-28, where he will be accompanied by representatives from key Indian maritime organizations, including the Indian Ports Association, Cochin Shipyard, Indian Maritime University, and several shipyards such as Swan Defence and Heavy Industries, Chowgule Shipyard, Garden Reach Shipyards and Engineers, San Marine Shipyard, Synergy Ship Builders, and L&T Shipyard. With approximately 20,000 global industry professionals expected to attend the event, the visit presents an opportunity for business engagements and industry collaboration, potentially fostering stronger maritime ties between India and Singapore. News source: Pune Mirror

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