Port of Melbourne and Port of Shanghai sign MoU to develop green shipping corridor
Port of Melbourne has entered into a partnership with Port of Shanghai aimed at developing a Green Shipping Corridor between the two ports. The Memorandum of Understanding (MoU) was signed during the 2025 North Bund Forum in Shanghai, China, on 19 October.
The initiative, supported by the C40 Cities Climate Leadership Group (C40), brings together Port of Melbourne and the Shanghai Municipal Transportation Commission (SMTC) in alignment with the Clydebank Declaration and global efforts to decarbonise maritime transport.
Under the MoU, the parties will cooperate with Shanghai International Port Group (SIPG), COSCO SHIPPING Lines, HAMR Energy, and ABEL Energy to identify and implement measures aimed at reducing the environmental impact of shipping operations.
The collaboration will focus on the adoption of cleaner technologies, the use of renewable energy, and the application of sustainable practices to minimise the ecological footprint of maritime activities.
The partners intend to support shipping lines in increasing the use of clean fuels for vessels operating between Shanghai and Melbourne. They also plan to work with energy suppliers to enhance production technology, improve efficiency and cost control, and build an integrated supply chain for low-carbon fuel production, transportation, and storage.
China is Port of Melbourne’s largest trading partner, accounting for 50 percent of total container imports and 20 percent of container exports. The collaboration builds on nearly two decades of partnership between Port of Melbourne and SMTC, which began in 2006.
Port of Melbourne is Australia’s largest container and general cargo port, operating as a key gateway for international trade. It is managed by Port of Melbourne Operations Pty Ltd under a long-term lease from the Victorian Government.
Port of Shanghai is the world’s busiest container port, operated by Shanghai International Port (Group) Co., Ltd., a state-owned enterprise under the Shanghai Municipal Government.
Source: en.portnews.ru