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Maritime Cluster Fund News

05 Mar 2024

Singapore Highlights its Maritime Achievements for 2023

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The Singapore government has recounted the achievements of Maritime Singapore to date to highlight the nation’s successes as a maritime hub in 2023:Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. Twenty-five maritime companies established or expanded their operations in Singapore last year. These included maritime services companies and companies setting up sustainability desks in Singapore as part of their…

22 Jun 2020

Singapore Rolls Out 'Maritime Digitalization Playbook'

© Adwo / Adobe Stock

The Maritime and Port Authority of Singapore (MPA), Singapore Shipping Association (SSA) and Infocomm Media Development Authority (IMDA) have launched the Maritime Digitalization Playbook (MDP), to support maritime companies in accelerating their digitalization plans as the economy reboots and enters a new normal post-COVID-19.Senior Minister of State for Transport and Health, Dr. Lam Pin Min, said, “This pandemic has accelerated digitalization, regardless whether you are a multinational company or a local SME.

09 Apr 2019

Top Honours for CMA CGM, Mrs Gina Lee-Wan

The global container shipping company CMA CGM Group and maritime lawyer Gina Lee-Wan, Partner and Co-Head of Maritime and Aviation Practice at Allen & Gledhill, recognised at Singapore International Maritime Awards 2019."CMA CGM and Mrs Gina have received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively," said a press release from the Maritime and Port Authority of Singapore (MPA).A world leader in maritime transportation, CMA CGM has been steadily expanding its presence in Singapore. In 2017, CMA CGM doubled its operating capacity in Singapore to four million twenty-foot equivalent units (TEUs).CMA CGM works with MPA, and institutions of higher learning to develop a skilled maritime workforce.

07 Mar 2018

Connectivity Crucial to Singapore's Role as Maritime Hub

To continue growing the maritime cluster and capturing new opportunities, the Maritime and Port Authority of Singapore (MPA) will strengthen the connectivity and inter-linkages of Singapore’s maritime cluster, build a vibrant innovation ecosystem and develop a future-ready and skilled maritime workforce. MPA will also enhance and top up the Maritime Cluster Fund (MCF)[1] by $100 million in support of our vision for Maritime Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent. MPA will strengthen Singapore’s connectivity to capture both physical and non-physical flows. This will enable Singapore to remain as a thriving hub for maritime activities and businesses.

08 Mar 2017

MPA to Enhance Singapore’s Hub Port Competitiveness

The maritime sector is undergoing significant transformation. To enhance Singapore’s hub port competitiveness, the Maritime and Port Authority of Singapore (MPA) is leveraging technology to help maritime companies innovate and move into new growth areas. MPA will be establishing the MPA Living Lab, and working with partners to set up three Centres of Excellence to deepen maritime R&D competencies. The MPA has also enhanced the Maritime Cluster Fund (MCF) for Manpower Development and the MCF for Productivity, to help Singaporeans up-skill for more knowledge-intensive jobs and maritime companies to adopt technology to improve business processes, respectively.

10 Oct 2015

Singapore-issued CoCs need Revalidation

Holders of Singapore-issued certificates of competency (CoCs) need to revalidate their CoCs to meet the requirements of the 2010 Manila amendments to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW2010) and to be able to serve on board a ship. CoCs issued by Singapore in compliance with the 1995 amendments to the STCW are valid up to 31 December 2016. Holders of existing Singapore-issued CoCs are required to take up additional courses in order to comply with the competency requirements of the 2010 Manila amendments to the STCW, and are advised to refer to Shipping Circular No. 10 of 2014 for the details of additional training required.

13 Mar 2015

Singapore Boosts Spending on Maritime Training

The Maritime and Port Authority of Singapore (MPA) will inject another S$65 million (US$46.8 million) into the Maritime Cluster Fund-Manpower Development program (MCF-MD) to attract and groom local talent for the maritime sector. This brings the funds invested under this program since 2007 to S$115 million. The additional funding will be used to introduce new initiatives as well as step up existing efforts. “MPA is committed to building a strong core of local talent in the maritime industry, which offers diverse career opportunities for Singaporeans in both seafaring and shore-based jobs,” said Andrew Tan, chief executive of MPA. “The…

07 Apr 2014

Shipping Experts Tackle Problems in Asia

Maritime industry leaders have called for greater collaboration and consolidation in Asia to tackle challenges such as the rise over capacity, talent shortages and environmental sustainability, which are impacting the potential of the industry. Speaking at an industry insights briefing today ahead of the launch of Sea Asia 2015, the Maritime and Port Authority (MPA) of Singapore Assistant Chief Executive (Development) Tan Beng Tee; PIL Managing Director and Singapore Maritime Institute (SMI) Chairman S.S.

28 May 2013

FutureShip, MPA Establish Research Center in Singapore

FutureShip, Germanischer Lloyd's (GL) maritime engineering and consultancy subsidiary, has announced the unveiling of its ECO Research Center in Singapore. The Center, which aims to conduct research to strengthen FutureShip's energy efficiency solutions for its Asian clients, will be supported by the Maritime and Port Authority of Singapore (MPA) under its Maritime Cluster Fund (MCF). The ECO Research Center will be the first research and development (R&D) Center to benefit from the enhancement to the MCF, which was expanded to cover the setting up of R&D and Test Centers, critical components in developing a maritime knowledge hub, in Singapore.

09 Apr 2013

Singapore's MPA to Introduce Widespread Development Initiatives

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.

02 Aug 2011

SmartShipping Conference Program Announced

Paul Østergaard, founder and CEO of ShipServ, a marine and offshore e-marketplace, is among the keynote speakers who will address the first SmartShipping conference this October 17-18 in Singapore. SmartShipping 2011 is a strategic conference grounded in the commercial realities of today's shipping markets. It has been developed on the premise that shipowners can and will engage with innovation in pursuit of greater efficiencies, simplified compliance and correspondingly lower operational costs. Cheong Keng Soon, Director – Shipping Division, Maritime and Port Authority of Singapore (MPA), will open the conference by speaking about the Singapore Maritime Cluster Fund…

15 May 2002

MPA To Set Up MCF

The Maritime and Port Authority of Singapore (MPA) will be establishing a Maritime Cluster Fund (MCF) with S$80 million set aside over five years to promote and strengthen the maritime sector in Singapore. The Fund will be used to help companies in the maritime cluster to acquire specialist knowledge and skills and develop their manpower. This will boost Singapore's cluster of high value-added and knowledge-based maritime activities, lower operating costs and improve efficiency of the maritime sector. The Fund will also be used to provide incentives and concessions to container shipping lines to strengthen our transhipment hub. Transport Minister, Yeo Cheow Tong, had announced the setting up of the S$80 million MCF in Parliament earlier today.