Energy efficiency in focus at Singapore Maritime Week

Published 16-04-2024

As part of Singapore Maritime Week, the Danish Maritime Authority gathered several leaders and stakeholders from across the maritime value chain today for an event titled "Accelerating the Green Transition of Shipping through Energy Efficiency."

The implementation of energy efficiency is a necessity and needs to be significantly increased to achieve the IMO's 2030 climate target of cutting emissions by 20%, with an ambition of 30%, and ultimately climate neutrality by or around 2050. Therefore, the event focused on the crucial role that energy efficiency plays in shaping the future of green shipping.

Andreas Nordseth, Director of the Maritime Authority, opened the event, which featured inspiring presentations from Bo Cerup-Simonsen, CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZS), and Prof. Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation, providing insights into the drivers, barriers, and opportunities for energy efficiency. Roel Hoenders from the IMO then highlighted the important regulatory frameworks for energy efficiency in his presentation.

The subsequent panel discussion focused on perspectives from the maritime value chain with representatives from manufacturers, the shipbuilding industry, as well as the finance sector and investors, before Arsenio Dominguez, Secretary-General of the IMO, concluded the event.

The discussions at the event demonstrated that there is widespread support across the entire maritime sector for advancing efforts towards energy efficiency as part of the maritime industry's green transition. In this context, it is essential to continue addressing challenges such as financial barriers and financing to further increase incentives for energy efficiency.


Danish Maritime Authority