Lending our voice to climate advocacy

The pressure for environmental action and regulation creates the need for even greater collaboration between industry players— not only amongst ship owners and operators but also charterers, banks, and governments. We are active participants in multiple associations working on industry matters, including climate change initiatives.

In 2021, BW Group and its affiliates were a member of or partner with the following associations and organisations:

The Global Centre for Maritime Decarbonisation 

The Global Centre for Maritime Decarbonisation (GCMD) was formed on 1 August 2021 with funding from the Maritime and Port Authority of Singapore (MPA), and six founding partners, namely BHP, BW, DNV Foundation, Eastern Pacific Shipping, Ocean Network Express and Sembcorp Marine.  
  
Located in Singapore, GCMD was set up as a non-profit organisation to support decarbonisation of the maritime industry to meet or exceed the International Maritime Organization’s (IMO) goals for 2030 and 2050. Chaired by BW Group Chairman, Andreas Sohmen-Pao, the centre will drive collaborative initiatives for piloting new solutions, carbon accounting, green financing, and policy matters, amongst others.

Mission 

To help the maritime industry eliminate GHG emissions by shaping standards, deploying solutions, financing projects, and fostering collaboration across sectors 

The Global Centre for Maritime Decarbonisation aims to: 

Accelerate the deployment of scalable low-carbon technologies across the maritime ecosystem by validating technical and commercial feasibility 

Lower the adoption barriers for low-/zero-carbon fuels and technologies by closing the gaps in infrastructure, safety, operations and financing 

Act as a centre of gravity for catalysing and facilitating: 
+ between experts within the maritime ecosystem  
+ global connections between stakeholders across the value chain 
+ dissemination of maritime decarbonisation information and tools 

GCMD prioritises projects by taking into consideration the technology and commercial maturity or readiness of the solutions. Technologies should have a verified prototype system and be ready for a small scale commercial trial. Examples might include a prototype system/model being produced and demonstrated in a simulated environment. 

Deployment of low-/zero-carbon fuels including: 

• Biofuels (FAME & HVO / Biomass)
• Bio-methanol 
• Bio-methane (Bio-LNG) 
• E-ammonia 

Alternative energy converters: 

• Dual fuel internal combustion engines  
• Fuel cells  

Technical measures with at least 10% emissions reduction such as:

• Wind-power
• Air lubrication  
• Carbon capture and storage (w/ carbon-neutral fuels) 

For more information, visit https://www.gcformd.org/ 

Other Key Industry Collaborations and Initiatives BW is involved in