Four new members are joining Singapore’s Global Centre for Maritime Decarbonisation (GCMD), including its first energy major partners, BP and Chevron.

The oil companies join the International Chamber of Shipping and Boston Consulting Group in bringing a combined SGD 25m ($18.4m) in cash and in-kind contributions to the research centre that was set up a year ago.

GCMD was originally formed by BHP, BW, DNV Foundation, Eastern Pacific Shipping, Ocean Network Express and Sembcorp Marine with funding from the Maritime & Port Authority of Singapore.