The Maritime Singapore Decarbonisation Blueprint: Working Towards 2050 charts ambitious and concrete long-term strategies to build a sustainable Maritime Singapore. Developed by the Maritime and Port Authority of Singapore (MPA) in consultation with industry partners, the Blueprint will contribute to Singapore’s commitments under the United Nations’ 2030 Sustainable Development Agenda, Paris Agreement, and the Initial International Maritime Organisation (IMO) Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships and strengthen our value proposition as a leading global hub port and international maritime centre.

The Blueprint takes on board the recommendations made by the International Advisory Panel on Maritime Decarbonisation, and inputs from a two-month long public consultation and sector-specific consultations.

Seven focus areas are outlined in the Blueprint, which MPA will focus on to support the decarbonsation of the maritime industry:

To move more decisively on maritime decarbonisation, MPA will commit additional funds of at least $300 million to support initiatives outlined in the Blueprint.

Decarbonisation targets for the Singapore Registry of Ships

The Singapore Registry of Ships (SRS) is committed to work with ship owners and operators to achieve their green aspirations – including meeting IMO GHG targets and adopting low- and zero-emission solutions – through the provision of recognition, incentives and technical guidance.As a reputable quality flag, the SRS is committed to tackling GHG emissions arising from international voyages made by Singapore-registered ships.

To reduce GHG emissions, MPA launched the SRS Green Notation on 1 November 2021 which will be awarded to Singapore-registered ships that reduce their carbon intensity to a level that exceeds the IMO EEDI Phase3 requirements by at least 10% through the adoption of energy efficient technologies and/or adopt the useof alternative fuels. Ships awarded the Notation are issued with a Certificate of Recognition, which serves to enhance the vessel's attractiveness to charterers.

Qualifying Singapore-registered ships will receive additional benefits such as reduction in their Initial Registration Fees(IRF) and rebates on their Annual Tonnage Taxes (ATT). Over the next 5 years, MPA expects a total of about 150 ships to be awarded the SRS Green Notation.

To further encourage the adoption of low- and zero-carbon fuels, MPA has revised and enhanced the existing Green Ship Progamme (GSP). In particular, the revised GSP that was rolled out on 1 May 2022 will grant zero-carbon fuelled vessels 100% reductions or rebates on its IRF and ATT.Over the longer term, MPA aims tohave at least 50% of the SRS fleet to be GSP ships by 2050.More information regarding the revised GSP can be found in Shipping Circular No. 7 of 2022.

MPA will continue to offer technical guidance and support to industry partners and ship owners. This will enable them to develop and undertake pilot trials for alternative future marine fuels, such as ammonia and hydrogen. MPA will also continue to organise various expert-led industry engagement sessions, such as the annual SRS Forum, on topics such as the green transition in international shipping, to facilitate the exchange of information and best practices and build capacity amongst SRS shipowners.

The complete Maritime Singapore Decarbonisation Blueprint can be downloaded here.