In a significant step towards sustainable maritime practices, Singapore and India on Tuesday have inked a Letter of Intent (LOI) for Green and Digital Shipping Corridor (GDSC) to collaborate on maritime digitalisation and decarbonisation.
Under the LOI, both nations will identify relevant stakeholders who could contribute to the effort, and work towards formalising the partnership through a memorandum of understanding on a Singapore-India GDSC.
The LOI was inked by Teo Eng Dih, chief executive of the maritime and port authority of Singapore and R. Lakshmanan, joint secretary of the ministry of ports, in the presence of Minister of Ports, Shipping and Waterways Sarbananda Sonowal.
Maritime meet
The maritime week is being held from March 24-28, 2025 in Singapore and minister Sonowal is on a three-day visit to Singapore to attend the maritime week.
According to the official statement, the Singapore-India GDSC will improve bilateral cooperation and facilitate the development and implementation of digital solutions and zero or near-zero greenhouse gas (GHG) emission technologies.
“India is a leading player in information technology with the potential to become a major producer and exporter of green marine fuels,” said the official statement, while adding that Singapore, as a key transshipment and bunkering hub, also supports a dynamic research and innovation ecosystem.
