Singapore Authority News

In conjunction with the ‘Day of Seafarer 2018’, Jurong Port (JP), the Maritime and Port Authority of Singapore (MPA), Port of Singapore Authority (PSA), the Singapore Maritime Officers’ Union (SMOU), and the Singapore Organisation of Seamen (SOS) will jointly present 600 gift hampers to ships calling at Singapore. The hampers, containing essential daily items, will reach about 9,000 seafarers as an appreciation for their contributions to the maritime industry and global economy. MPA also contributes a sum of $150,000 annually to support the work of various seafarers’ missions to look out for seafarers’ welfare when they call at our shores.

The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President Abdel Fattah El-Sisi received on Tuesday president of the PSA Tan Chong Meng in the presence of Suez Canal Authority Chairman Mohab Mamish and Minister of Transport Saad Al-Goyoushi. Presidential spokesman Alaa Youssef said the PSA chairman visit is part of President Sisi's follow-up of the outcome of his visit to Singapore in September. Meng expressed his country's readiness to cooperate with Egypt in the field of running and operating ports as well as work in the development of Suez Canal projects.

16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificates to the students at a ceremony held in PSA Building in Singapore today. The bond-free scholarships will pay for tuition and other compulsory fees in full, as well as book and living allowances. The 16 Howe Yoon Chong PSA scholars will be pursuing academic studies at the Institute of Technical Education (ITE), Polytechnics and local Universities. Since its inception in 2009, the Howe Yoon Chong PSA Scholarship program has made a difference to the lives of over 110 young Singaporeans.

Measured by equity TEU, there is no change in the order & ranking of the top five international container terminal operators. PSA (Port of Singapore Authority) was again the leading operator in terms of equity TEU ahead of Hutchison (HPH), but by a much reduced margin following the divestment by PSA of its interests in HPH’s Hong Kong terminals. There is now a difference of only just over 4 million TEU in Drewry’s assessment of PSA and HPH’s equity TEU throughput. DP World and APM Terminals are closely matched in third and fourth spots whilst the COSCO Group’s throughput remains somewhat less than that of the top 4 players. The big four global operators collectively accounted for 26.5% of world container port throughput…

As the region gears up for stronger business recovery in 2010, Asia Pacific Maritime 2010 (APM) is poised to offer an even greater variety of solutions to meet the needs of the shipping and shipbuilding industries as they ride on the crest of a new demand curve. Scheduled to be held from 24th to 26th March 2010 at the Singapore Expo, APM has some 900 companies and industry professionals participating in the exhibition and about 10 conferences and seminars, as well as networking opportunities. The APM Opening Keynote will address the pressing issue of the global shipping market recovery with the theme "Shipping in Asia Today, Preparing for the Future".

The AP has reported that the Peninsular and Oriental Steam Navigation Co. said it has agreed to a $6.3 billion offer from Singapore port operator PSA International -- a switch of alliances that is likely to spark a bidding war for the 165-year-old British maritime icon. The approach from PSA trumped a 3.3 billion pound ($5.9 billion) cash offer from government-owned Dubai Ports World that P&O agreed to in November. P&O Chairman John Parker noted that the 470 pence ($8.40) per share offer from PSA, which would make the combined company the world's largest ports operator, was a 6 percent premium on the 443 pence ($7.91) offered by DP World. Shares in P&O were trading above both offers Thursday, up 1.8 percent at 516.25 pence ($9.22).

Singapore-based container shipping group, Neptune Orient Lines (NOL), has appointed David Lim as group president and CEO. Lim will assume his new role on July 10, where he will join Group CFO Lim How Teck as an executive director on the NOL Board. Lim has experience in both the public and private sectors, including as CEO of the Port of Singapore Authority (PSA), where he initiated the global expansion of the world leading transportation hub with the acquisition of the Dalian Port in China; as CEO of China-Singapore Suzhou Industrial Park in China, CEO of Jurong Town Corporation and most recently as a Singapore Government Cabinet Minister.