Sustainable Ocean Economy
Sustainable Ocean Economy
Oceans and seas have always played a significant role, economically, culturally, and socially, in the development of the Nordic countries. For centuries, the Nordics have had a leading position in various marine and maritime sectors. However, global competition in these sectors requires Nordic countries to continuously elevate and develop their ocean economies through innovations and collaboration.
Sustainable Ocean Economy: Mapping of Nordic Strongholds by Nordic Innovation
A report financed by Nordic Innovation shows that strengthened Nordic innovation cooperation within the sustainable ocean economy can give the Nordic countries a competitive advantage and help solve environmental challenges. It highlights three industry sectors: Sustainable Aquaculture, Maritime Technologies (ocean transport) and Advanced Offshore Solutions (energy), and identifies cross-cutting opportunities for Nordic businesses across the themes of the new applications for tech and know-how, improved use of ocean data and digitalisation, and utilising the Nordic region as a testbed. Download report >
Other measures on how the Nordic countries are cooperating to drive forward a sustainable ocean economy future:
During COP 26, the Nordics, together with other countries, signed important initiatives for decarbonisation of the shipping sector and minimising the effects of climate change. The Prime Minister of Denmark, Mette Frederiksen launched the Declaration of Zero Emissions in the Maritime Industry by 2050, which commits signatories to zero emissions in shipping and to work with the IMO for adopting targets for 2030 and 2040 and achieve the industry’s decarbonisation by 2050.
Clydebank Declaration on “green corridors” provides a practical approach to cooperation for facilitating the decarbonisation of shipping routes.
The Nordic Council of Ministers granted 18 million DKK to the project ‘Nordic Roadmap’ for the introduction of sustainable zero-carbon fuels in shipping.
Nordic Innovation House Singapore activities under Sustainable Ocean Economy
Nordic Maritime 2022: Green Transition to a Sustainable Ocean Economy | 4 April 2022
On April 4th, the Nordic Maritime 2022 conference was organised to promote Nordic sustainable shipping and port operations, OceanTech, and green maritime innovations, and show how we support businesses, research and academic cooperations with Singapore and the Southeast Asian region. It was held in conjunction and co-located with the annual Singapore Maritime Week organised by the Maritime and Port Authority of Singapore.
We were honoured to have the Maritime and Port Authority of Singapore’s Chief Executive, Ms Quah Ley Hoon, as our Guest-of-Honour, and witnessed the MoU signed between the Singapore Maritime Institute and the RISE (Research Institutes of Sweden) to collaborate and identify common areas of interest within the maritime sector.
Opening Remarks from MPA’s Chief Executive at Nordic Maritime 2022 | 4 April 2022
Ms Quah Ley Hoon, Chief Executive at Maritime and Port Authority of Singapore in her opening address touched on the global trends of the disrupted global supply chains, energy supply, pressure on container shipping and congestion at major ports. Singapore has been supporting global supply chains to the fullest extent. The Port of Singapore has remained open 24/7 and its marine services – crew change, bunkering, ship supplies, ship repairs, etc. – continue to operate. She also presented the opportunities and challenges in decarbonisation in the long run.
Close-up Interviews with Maritime Experts from the Nordics and Singapore | 4 April 2022
Get up close with maritime experts from Global Centre for Maritime Decarbonisation, Business Finland, RISE Research Institutes of Sweden, Kongsberg Maritime, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to learn valuable insights on maritime decarbonisation and digitalisation for a sustainable ocean economy. Including opening words by H.E. Sigríður Asdis Snaevarr, the Ambassador of Iceland to Singapore where she expressed the importance of collaboration with international partners, new opportunities for change and Iceland’s action plans for the ocean. Key learnings from this interview:
Decarbonisation aspirations for the maritime sector
How to reach IMO goals in digitalisation and electrification
How digitalisation can support collaboration and synchronise the maritime transport sector
Key challenges faced by maritime organisations in the green transition
New technology developments to reduce carbon emissions within the maritime sector