GCMD & Ashurst sign coalition partnership agreement to boost shipping’s decarbonisation agenda

Singapore, 12 July 2022 – The Global Centre for Maritime Decarbonisation (GCMD) and global law firm Ashurst have formalised their partnership by signing a Coalition Partnership Agreement, committing to a long-term collaboration to accelerate the maritime industry’s decarbonisation efforts.

Through this partnership, Ashurst and GCMD will leverage on each other’s domain expertise and exchange information, in order to identify opportunities and deliver pilot projects.

Professor Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation said: “We are glad Ashurst has come onboard as GCMD’s coalition partner. As a non-profit organisation, GCMD is pleased to team up with Ashurst, who is providing pro bono legal services to help GCMD advance the decarbonisation agenda in the maritime sector.”

Ashurst's global ESG and sustainability partner Anna-Marie Slot added, "Ashurst is devoted to becoming a leader in sustainability. The shipping industry is a significant contributor to global climate issues. We are delighted to support GCMD, whose aims are to shape industry standards and identify solutions for the maritime industry, in order to encourage the reduction of cardon emissions and contribute to a more sustainable and resilient future."

About the Global Centre for Maritime Decarbonisation

The Global Centre for Maritime Decarbonisation (GCMD) was set up on 1 August 2021 as a non-profit organisation with an initial investment of S$120 million from the Maritime and Port Authority of Singapore (MPA) and six founding partners, namely BHP, BW Group, Eastern Pacific Shipping, Foundation Det Norske Veritas, Ocean Network Express and Sembcorp Marine.

Strategically located in Singapore, the world’s largest bunkering hub and second largest container port, GCMD aims to help the maritime industry eliminate GHG emissions by shaping standards, deploying solutions, financing projects, and fostering collaboration across sectors.

Media contact: Rebecca Chiew, Communications Manager | +65 69178 1374 | rchiew@gcformd.org

For more information, please visit www.gcformd.org.

About Ashurst

Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 30 offices in 17 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With over 450 partners and a further 1,800 lawyers working across 11 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.

Media contact: Vianna Yau, Asia PR Manager | +852 2846 8944 | vianna.yau@ashurst.com

For more information, please visit www.ashurst.com.