Singapore with one of the world’s busiest ports, and Denmark having one of the world’s largest shipping fleets. Our countries are small open economies, which have prospered by relying on free international trade. It is no surprise that the maritime ties between Singapore and Denmark are strong and have the potential to grow further. With Singapore’s strategic location and world-class business environment, Singapore is a ‘home away from home’ for the Danish maritime fleet.
Now we are facing a new and challenging chapter in our joint maritime history, as we need to find ways to turn this blue sector green.
Singapore and Denmark have set ambitious goals for decarbonizing the maritime industry by 2050. The green transition is probably one of the greatest challenges the maritime sector has ever faced, but it is necessary for our climate and for the world that we are handing over to the next generations. The maritime industry plays a large and important part in solving this challenge together with governments.
Moving the maritime sector from oil-based fuels to green fuels is a large and long-term undertaking. While we work on developing the needed technologies and supplies, we can also take immediate action on reducing the energy consumed.
Energy efficiency is a Danish stronghold, and Danish companies are already developing new technologies and digital solutions that are more energy efficient and ready to be deployed. Some examples are ultrasonic transducers that prevent hull growth and smooth coatings that reduce drag resistance that both enable more efficient operation, as well as digital solutions helping vessel owners operate their vessels more efficiently.
The theme for Singapore Maritime Week 2023 is ‘Ambition meets Action’. I cannot think of a timelier theme and I look forward to a week with fruitful debates on how we turn our great ambitions into concrete plans.
If you would like inspiration for immediate action with concrete technologies and solutions, please stop by the Danish Company Pavilion at Sea Asia.