Singapore's MPA to Introduce Widespread Development Initiatives

Press Release
Tuesday, April 09, 2013

The Maritime & Port Authority of Singapore (MPA) to boost maritime research & development,
 productivity and manpower development.

The new initiatives were announced by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Minister for Finance, at the recent opening of the Sea Asia Exhibition and Conference, held in conjunction with the concurrant Singapore Maritime Week 2013.

"Maritime is an important part of Singapore and contributes some 7% of Singapore's GDP. MPA is committed to working in partnership with the industry and institutes of higher learning (IHLs) in developing Maritime Singapore and are pleased to work with the industry and IHLs on the new initiatives and investments in maritime R&D, productivity and manpower development," said Mr Lam Yi Young, Chief Executive of MPA.

Investing in Maritime R&D
To continue developing Singapore's maritime R&D capabilities, MPA will be extending the validity of the Maritime Innovation and Technology (MINT) Fund by five years and topping up the Fund by a further S$50 million. The MINT Fund was established in 2003 with S$100 million to fund and support R&D and test-bedding of maritime technologies by universities, research institutes and companies in Singapore over a period of ten years.

Raising Productivity
To support our maritime industry's productivity efforts and help raise productivity in the sector, MPA will be introducing a new S$25 million Productivity Programme under the Maritime Cluster Fund (MCF). The new Productivity Programme will support the maritime industry's effort to raise productivity by providing co-funding for initiatives like business process re-engineering, automation and adoption of other productivity tools or practices.

Enhancing Manpower Development
Quality manpower is critical to the growth of the maritime industry. MPA continues to work closely with various IHLs to enhance manpower development and promote maritime careers.

MPA will be setting aside S$2 million from the Manpower Development Programme under the MCF for a new Global Internship Award over the next five years.

The American Bureau of Shipping (ABS), MPA and the Singapore University of Technology and Design (SUTD) will jointly be establishing the ABS-MPA Maritime Technology Professorship Programme at SUTD.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

First Women's Expedition to the Arctic

Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous

Topaz Responder Saves Refugee Migrants

Topaz Energy and Marine has emerged as an unlikely player in the effort to save refugee migrants risking their lives on the sea crossing from Turkey to Greece’s islands in order to reach Europe.

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Ports

Sardines Boost Murmansk Port Turnover

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year,

COSCO Plans European Transhipment Hub

China's COSCO is forging ahead with a plan to build a European transhipment hub, reports Reuters. The state owned shipping giant is expected to make an offer for

MOL Enhances CSW Service between Asia and East Coast South America

Mitsui O.S.K. Lines (MOL, President & CEO: Junichiro Ikeda) today announced the enhancement of its Asia and East Coast South America trade by merging existing

Education/Training

First Women's Expedition to the Arctic

Company "MyArctic-expeditions" organize the first women's expedition to the Arctic Ocean. The expedition will start on March 5 in the capital of the Nenets Autonomous

SUNY Maritime Among Top Schools for Career Placement

The Princeton Review’s annual college rankings place State University of New York Maritime College among the top 10 in the nation for career placement after graduation.

Campaign for Webb at $28 Mln and Counting

Webb Institute’s Campaign Cabinet, led by President Keith Michel ’73 and Campaign Chair Joseph Cuneo ’57 announced that $28 million (70 percent) of the $40 million

 
 
Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0930 sec (11 req/sec)