MPA, Japan’s Mitsui O.S.K Lines ink MoU on maritime development

Under the MoU, the two will cooperate to decarbonise the industry.

The Maritime and Port Authority of Singapore (MPA) and Japanese shipping company Mitsui O.S.K. Lines (MOL) signed a memorandum of understanding (MoU) to deepen collaboration on maritime development, digitalisation, and human resources development.

Under the MoU, the two will cooperate to decarbonise the industry by establishing a supply system for next-generation fuel sources and studying the use of wind technology.

The two will also work on voyage management and efficiency through digitalisation including the development of cybersecurity, autonomous vessel trials, and nurturing marine innovation ecosystem with local startups.

Additionally, MPA and MOL will develop maritime human resources by enhancing manpower capabilities, including grooming seafarers and shore-based workforce.

“The fields of bilateral cooperation are also a challenge for the maritime industry as a whole, and I hope we can increase the feasibility by working together,” MOL president and chief executive officer Takeshi Hashimoto said.

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