The Sustainable Shipping Initiative (SSI) launched a series of practical, collaborative action plans aimed at developing a sustainable shipping industry for the future.
The SSI is a cross-sector coalition of 16 global companies and two non-governmental organisations working together to tackle some of the sector’s greatest opportunities and challenges.
Facilitated by Forum for the Future, in conjunction with World Wildlife Fund (WWF), members include key industry players such as Maersk Line, Cargill, Lloyd’s Register, DNV, Wärtsilä and Daewoo Shipbuilding & Marine Engineering (DSME).
The action plans are a significant step for the SSI as it works toward achieving its vision of a shipping industry that is both profitable and sustainable by 2040. They will develop new knowledge, tools and processes for the industry over the next 18 months, utilising its members’ extensive expertise spanning ship owning, chartering and operations to shipbuilding and engineering, marine finance and insurance, banking, technical standards and global supply chain.
Mr Lam Wee Shann, Director Communications and Community, Maritime and Port Authority of Singapore, who is overseeing the coordination of Singapore Maritime Week (SMW), said he was happy that Singapore is hosting the meeting at this critical stage of SSI’s development.