Singapore is to launch a SGD 120m ($90m) maritime decarbonisation fund with the backing of some of the biggest shipowners and charterers in the city-state.
Eastern Pacific Shipping (EPS), BW Group, BHP, Ocean Network Express, Sembcorp Marine and foundation Det Norske Veritas have each agreed to contribute SGD 10m to the fund, with the Maritime and Port Authority of Singapore (MPA) chipping in a matching SGD 60m.
