The Silk Alliance is a regional green corridor cluster in Asia, named after the maritime section of the historic Silk Road, linking Southeast Asia to China, the Indian subcontinent and the Arabian Peninsula.
The initiative is starting with a baseline fleet of 337 ships strategically selected by the members to have a significant emissions-saving impact, while ensuring long-term scalability and potential spill-over to the wider industry.
- Located in Singapore: A key bunker hub for virtually all ship types with established supply chains and geographically favourable position to capture large alternate fuel demand.
- Concentrated regular traffic: Allows for predictable and repeatable bunker events at the start of the transition, lowering the risk of setting up a fuel supply infrastructure.
- Sizeable market: Initial fleet of 337 ships, with a 3mT HFO fuel demand – this is approximately 6% of all fuel sold in Singapore, so is significant enough to attract investment on the production and logistics sides.
- Integrated community: Stakeholders across an entire supply chain interacting and connected on the same challenge and mission, supported by local governments and other sectors.