TOC Asia, produced by TOC Worldwide, returned to the Marina Bay Sands in Singapore today after a two-year absence in front of a record audience. Taking place from 29-30 November, the event brought together APAC’s port and container supply chain community, with Day 1 concluding with an Evening Networking Reception sponsored by Long An International Port.
On Day 2, delivering a keynote speech under the title of “Challenges & Opportunities for Maritime Decarbonisation”, Prof Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation (GCMD) put a focus on developing landside infrastructure for green fuels to decarbonise shipping. “There are no green corridors without green infrastructure. The green corridors need to be anchored by ports and infrastructure, so it’s really important for us to start thinking about the landside of shipping.”
It’s estimated that decarbonising shipping will cost $3trn, of which some 80% will be related to production, supply and landside infrastructure for green fuels.
Moderator Paul Gallie, Director of Business Development for AP Moller Capital, noted that in the past ports only required facilities to bunker heavy fuel oil (HFO), however, in future they would need infrastructure for multiple fuel types such as ammonia and methanol.
In the second session “‘Energy Transition & Sustainability: Spotlight on Shipping Lines & Cargo Owners’” Shane Balani, Decarbonisation Consultant for Lloyd’s Register and Dr Shahrin Osman, Head of Maritime Advisory APAC both said that a key challenge in decarbonising shipping was the uncertainty over the type of fuel that would be used in the future.
Balani noted, “There’s a huge amount risk in any transition in any industry”, and that green corridors would go some way to de-risking that transition. For more information including the official event photographs and video interviews with keynote speakers, please visit the website here.
The TOC Asia event has now concluded but returns next year from 28-29 November 2023.
