On April 6, led by the Global Maritime Forum, the two major miners BHP Billiton and Rio Tinto signed a letter of intent with shipping giants Oldendorff Carriers and Star Bulk Carriers Corp. Feasibility of establishing a green shipping corridor for iron ore between East Asia and East Asia.
It is reported that considering the diversity and complexity of the shipping industry, finding carbon neutral solutions that are applicable across the industry is a huge challenge, and governments and industry policymakers have begun to actively seek to achieve maritime transport through the establishment of green shipping corridors Decarbonization mission goals for the sector.
Industry operators should actively join forces to work towards net-zero emissions on key global routes by deploying zero-carbon ships on specific routes and implementing targeted policies and actions.
In 2021, The Getting to Zero Coalition released a report showing how to conceive and design green shipping corridors through a feasibility study of iron ore shipping routes between Australia and East Asia . The report points to green ammonia as a possible fuel option for this green shipping corridor, based on favorable production conditions, regulatory environment and intended stakeholders.
After further research, the consortium intends to assess green ammonia supply, bunkering and first-mover support mechanisms to develop a framework as a preparatory step for a viable Australia-East Asia green shipping corridor for iron ore.
The CEO of the Global Maritime Forum said that achieving net zero emissions in the shipping industry requires the creation of a new value chain, involving new contractual relationships and new ways of working, which will drive the production of green fuels and related infrastructure.
