The ports of Long Beach and Los Angeles have collaborated with the Maritime and Port Authority of Singapore (MPA) to develop a green and digital maritime corridor as part of a global challenge launched by the United States and Norway this week.
According to a joint statement made last Monday, November 7, the authorities have started talking about creating the corridor, which will promote the development of low and zero-carbon fuels as well as digital solutions to boost efficiency and support the deployment of greener boats.
The shipping corridor is between Singapore and the San Pedro Bay port complex.
This collaborative effort supports the Green Shipping Challenge launched during the World Leaders’ Summit at the 27th United Nations Climate Change Conference (COP27) in Sharm el-Sheikh, Egypt this week.
“Decarbonizing the supply chain is the future of our industry, and partnerships like this on the world’s most important trade route are important for fulfilling that ultimate goal,” Port of Long Beach Executive Director Mario Cordero said in a statement.
According to data from the Port of Los Angeles, the San Pedro Bay ports—the operations of Long Beach and LA combined—handled 31% of all containerized goods entering and leaving the United States in 2021.
With $57.8 billion in total (imports and exports) products dealt with by the United States in 2020, Singapore ranked as the 17th largest trading partner with the country, reports the Trade Representative.
The United States has a trade imbalance with Singapore, meaning it imports more goods from Asia than it exports. According to federal data, the trade balance changed from a $4.8 billion surplus in 2019 to a $3.9 billion deficit in 2020. The establishment of the corridor may just level the field.
The three major container ports and C40 Cities will collaborate closely with other maritime and energy value chain stakeholders. Together, they will accelerate the deployment of low and zero-carbon emission solutions, identify digital shipping programs, and develop green fuel sources for bunkering to support effective cargo movement.
Additionally, the new program aims to hasten the development of green infrastructures, such as centers for zero-carbon energy connected to port and shipping demand.
Chief Executive of MPA Teo Eng Dih said, “Through this corridor, we hope to support the decarbonization of global supply chains, complementing efforts undertaken by the industry and the International Maritime Organization to drive the decarbonization and digital transition for international shipping.”