02 May 2023
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Green shipping covers eco-friendly shipbuilding including engines, usage of alternative shipping fuel, efficient port operation, and optimal functioning of vessels. Even though the adoption of green practices in shipping is costly in the short term, it is proven to have long-term economic benefits.
Despite making a significant contribution to the global Maritime industry, ASEAN countries other than Singapore are still in the early stages of development in Green shipping. The water-based transportation sector emissions of Southeast Asia were relatively lower than Europe and North America, contributing only 8.6% of the total global CO2 emissions in 2018. Of this, Indonesia, owning the highest number of ships and ports in the region, made up 40% of the CO2 emissions.
The Singapore Registry of Ships’ Green Ship Programme (GSP) has certified a total of 666 ships as ‘Green Ships’ in Singapore.
Environmental regulations, economic incentives such as rebates and registration fees waived, collaboration and partnerships among key industry players, development of energy-efficient technologies, and transition to low-emission sustainable fuels are the key drivers for the growth of the green shipping industry.
This will lead to an increased demand for green shipping services in ASEAN, which will generate business prospects for building green ships and engines, supplying sustainable shipping fuels, enhancing port infrastructure, and offering consultancy services and data analytics.
In ASEAN, the International Maritime Organization (IMO) and the Maritime and Port Authority (MPA) of Singapore are playing an active role in promoting green shipping. The role of governments and maritime authorities in Ex-Singapore ASEAN for Green Shipping is limited.
The future of green shipping in ASEAN is centered around Singapore's increased investment in green shipping initiatives and the development of a modern shipping policy framework by the other ASEAN nations that integrates green shipping practices.
1.Overview of Green Shipping in Southeast Asia
2.Key Drivers of Green Shipping in ASEAN
3.Green Shipping Policies and Initiatives in ASEAN
i.Role of IMO in ASEAN’s Green Shipping Industry
ii.Role of Local Authorities in ASEAN’s Green Shipping Industry
4.Focus Areas of Green Shipping in ASEAN with Examples
i.Green Shipping Projects in ASEAN
ii.Key Commercial Areas of Green Shipping in ASEAN
5.Outlook of Green Shipping in ASEAN
6.Company Profiles: Green Shipping Companies in ASEAN
i.Ocean Network Express Pte Ltd
ii.Pacific International Lines (PIL)
iii.Trafigura Group Pte Ltd
iv.CMA CGM Group