Working towards zero-emissions shipping

What is the Silk Alliance?

The Silk Alliance, established by LR Maritime Decarbonisation Hub, is a partnership comprising ship managers, financiers, fuel suppliers, governments, and shipyards, leading the energy transition to reduce emissions and promote scalability for the maritime industry.

Employing the First Movers Framework to devise the strategy needed for transitioning a fleet to a carbon-neutral fuel option and putting that strategy to the test.

The Alliance is centered around the concept of a Green Corridor Cluster where the technological, economic, and regulatory feasibility of zero emissions shipping is observed on a ‘cluster’ of ships operating within a specific catchment region.

What is a green corridor?

The concept of green corridors was initiated at COP26 in November 2021 by the signatory countries of the Clydebank Declaration, and by COP27 in 2022, a total of 21 green corridors -including the Silk Alliance- had emerged.

Green Corridors offer a promising solution to alleviate the strain on the shipping industry, enabling a transition to net-zero emissions by 2050. They also serve as a tool for enhanced compliance with stringent environmental targets agreed by the IMO at MEPC 80 and other regulatory instruments like EU Fit for 55 and the EU Emissions Trading Scheme (ETS). Green corridors applied in a regional context will help shipping stakeholders mitigate the global supply chain risks by fostering collaboration and gradual maturing of the upcoming business model.

“It is heartening to see The Silk Alliance green corridor cluster project launched in 2022, taking off in the right direction. At Seatrium, we understand the different perspectives of stakeholders and have taken an end-to-end value chain approach to develop sustainable marine and offshore energy solutions. We look forward to engineering our future together with like-minded partners to support and share learnings on the project and contribute to the decarbonisation of the shipping sector.”

Mr. Aziz Merchant Executive Vice President, Technology & New Product Development, Seatrium

Development of a Green Corridor Cluster

The most crucial factor of a Green Corridor Cluster concept lies in its capacity to consolidate enough demand for new fuels in a captive area so that the inland fuel supply infrastructure can be tailored to meet this demand. Using the term Green Corridor Cluster highlights the regional scope of The Silk Alliance initiative, currently centred in Singapore, the largest bunkering hub in the world, with the potential to expand to several ports.

Green Corridor Cluster infographic 1

Starting with a few small-medium containerships trading within a relatively small area and refuelling in Singapore

Green Corridor Cluster infographic 2

Expanding to a sizable number of small-medium containerships trading within a similar catchment area and refuelling in Singapore

Green Corridor Cluster infographic 3

Expanding to a significant number of containerships trading within a larger area, refuelling mainly in Singapore and supported by other bunkering ports