Singapore Shipping Industry's Green Transition while Maintaining Competitiveness

Ms Nadia Ahmad Samdin asked the Minister for Transport (a) how is Singapore’s shipping sector undergoing the green transition while remaining competitive; and (b) what proportion of Singapore firms in the maritime sector have a decarbonisation strategy.

The International Maritime Organization (IMO) has set the target for shipping to reach net-zero greenhouse gas emissions by or around 2050.

Based on the Maritime Census 2022, 85% of ship owners and operators in Singapore, weighted by revenue, had a decarbonisation strategy, or had tracked and/or measured their emissions. We expect this percentage to increase over time.

The maritime sector’s green transition has brought about new opportunities for businesses and new job roles for workers. The Maritime and Port Authority of Singapore will continue to work with our tripartite partners to upskill our workforce and enhance Singapore’s competitiveness as a hub port and international maritime centre.