The University of the South Pacific (USP) in Fiji and the China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have launched Project Cerulean, which aims to develop a new generation of low carbon ships for the Pacific region.
Under a Memorandum of Understanding (MOU) signed yesterday, Project Cerulean aims to eventually develop a new class of small cargo freighter that, once proven to be commercially viable to operate, can be scaled up in numbers to provide a cost-effective solution for currently marginalized communities in the Pacific Island Communities and Territories (PICT).