The Maritime and Port Authority of Singapore (MPA) has entered into a memorandum of understanding (MOU) with the United Nations Conference on Trade and Development (UNCTAD) to bolster global efforts in maritime decarbonisation and digitalisation. This partnership aims to leverage UNCTAD’s trade development expertise and Singapore’s status as a leading global hub port to promote the adoption of alternative fuels and digital solutions across ports worldwide.
The MOU was signed by Tan Hoe Soon, Assistant Chief Executive of MPA, and Vinod Nair, Chief of the Budget and Project Finance Section at UNCTAD. The collaboration will focus on sharing knowledge and best practices in sustainable finance and manpower development. Additionally, it will provide capacity building and technical training for developing countries to enhance their maritime capabilities and port resilience.
This initiative is part of the broader agenda of Singapore Maritime Week 2026, an annual event that gathers the international maritime community to address key industry issues and foster innovation. The partnership underscores the commitment of both MPA and UNCTAD to drive sustainable development in the maritime sector, ensuring that ports and countries at various stages of readiness can benefit from these advancements.
