Singapore and Brazil have signed a memorandum of understanding to establish the Singapore-Brazil Green and Digital Shipping Corridor, expanding cooperation on maritime decarbonisation and digitalisation.
The agreement was signed by Singapore’s Minister for Transport Jeffrey Siow and Brazil’s Minister of Ports and Airports Tomé Franca.
The initiative will bring together Brazil’s renewable energy resources and production capabilities with Singapore’s role as a major bunkering port and transhipment hub.
Under the agreement, the two countries will work with industry players to support supply chains for zero- and near-zero greenhouse gas emission marine fuels.
Singapore and Brazil will also explore digital information exchanges between their maritime and port systems to improve operations.
The cooperation will extend to the research, development and adoption of emerging maritime technologies and solutions.
No specific marine fuel, pilot voyage or implementation timetable has been announced.
Brazil becomes Singapore’s 10th Green and Digital Shipping Corridor partner under the agreement.