• Home
  • News
  • SMW 2021: Maritime innovation in Singapore receives boost
  • 2021 April 20 10:07

    SMW 2021: Maritime innovation in Singapore receives boost

    Greater support for maritime technology start-ups and digitalisation push for maritime trade and bunkering services

    A new Maritime Innovation and Technology (MINT) Fund grant scheme will provide maritime technology start-ups in Singapore a leg-up to develop scalable solutions. In addition, the Maritime and Port Authority of Singapore (MPA) will push for wider industry adoption of digitalisation initiatives such as electronic bills of lading (eBL) and electronic bunker delivery note (eBDN) to drive productivity for the sector. These were announced April 20 by Mr Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport, at the 5th Singapore Maritime Technology Conference (SMTC), which is one of the key events organised in the Singapore Maritime Week 2021, SG Press Centre said in a media release.

    DEVELOPING A VIBRANT AND CONDUCIVE ENVIRONMENT FOR START-UPS

    To support Singapore’s ambition to be the top maritime start-up hub in the world, MPA has set aside $10 million from the Maritime Innovation and Technology (MINT) Fund to support the growth and development of maritime technology start-ups in Singapore. Under this expanded effort, MPA will also develop a digital technology marketplace and a start-up playbook. The marketplace will connect maritime and venture capital companies with start-ups and facilitate discovery of solutions. The start-up playbook serves as a comprehensive guide for start-ups to springboard into Singapore tapping on schemes and support programmes relating to talent, capital and R&D resources.

    MPA will introduce a new grant scheme called MINT-STARTUP. Start-ups that have completed the PIER71 or relevant maritime acceleration programmes in Singapore can apply for a grant of up to S$50,000 to pilot their projects. Promising start-ups looking to scale up their offerings or projects can also apply for a project grant of up to S$100,000.

    DIGITALISING BUSINESS-TO-GOVERNMENT AND BUSINESS-TO-BUSINESS BUNKERING REPORTING PROCESSES

    To raise productivity and instil greater confidence in Singapore’s bunkering industry, MPA also launched a digitalisation plan for the bunkering sector that covers:

    • Development of  digitalBunker@SG by MPA, a secure system for bunker companies to automate data submission for regulatory reporting purposes. When implemented, the system is expected to save an estimated 1,400 man-days annually for the sector.
    • MPA will launch a call-for-proposal (CFP) to partner the industry in projects to digitalise the bunker purchase and delivery process as well as documentations such as bunker delivery note. An end-to-end and highly digitalised workflow across multiple stakeholders including customers and financial institutions will improve efficiency and transparency of the bunkering supply chain.

    PUSH FOR WIDER INDUSTRY ADOPTION OF EBLs GAINING MOMENTUM

    MPA announced the successful completion of an eBL trial which demonstrated the interoperability between different digital trade platforms. In January 2021, Singapore and the Netherlands completed a shipment where an eBL “shadowed” a live shipment from Qui Nhon, Vietnam to Rotterdam, the Netherlands via transhipment in Singapore.

    The trial showed that there were significant time savings in the BL  documentation process from an average of six to ten days when using a hardcopy to less than 24 hours when using an eBL. This successful trial also marks one of the first title transfer, across different digital platforms, which was facilitated by TradeTrust, an open-standard digital utility to enable interoperability.

    Please refer to Annex A for more details on this trial.

    To catalyse adoption of eBLs, MPA is issuing a CFP to develop and pilot eBL solutions that are based on open standards and meeting the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR) framework. Bringing together industry partners and solution providers, the projects must be able to demonstrate benefits such as manpower savings and lowered fraud risk in commercial use cases. The Infocomm Media Development Authority and the Digital Container Shipping Association (DCSA) will be supporting this call.

    INTEROPERABILITY AND OPEN STANDARDS KEY TO ADOPTION OF DIGITAL SOLUTIONS ACROSS GLOBAL SUPPLY CHAINS

    MPA has also announced additions to the digitalOCEANS™ initiative focused on shaping and harmonising global data standards for maritime digitalisation. Mr Chee welcomed the participation of DCSA, which will be joining MPA and other existing international partners in this key project. As an industry body representing nine of the top container liners in the world and accounting for about 70% of the global container trade, DCSA will contribute cargo and vessel operational data standards, offering a boost towards interoperability of digital maritime platforms. All partners will work on data harmonisation and target to jointly publish a set of API specification for sharing across the international maritime community by end 2021.

    More information on the digitalOCEANSTM initiative can be found at Annex B.

    PARTNERING FOR FUTURE SUCCESS

    This year’s SMTC also saw the signing of the 4th Memorandum of Understanding between MPA and PSA International on the Port Technology R&D programme. The programme aims to accelerate technology research, development and facilitate live trials in the areas of automated container port systems, advanced port optimisation techniques and green port technologies for application in existing container terminals and the new Tuas Port. The programme will also uplift capabilities of the local port ecosystem including small and medium enterprises and research institutes. The MOU was signed at the SMTC by MPA Chief Executive, Ms Quah Ley Hoon and PSA International Regional Chief Executive Officer (South East Asia), Mr Ong Kim Pong, and witnessed by Mr Chee and Mr Niam Chiang Meng, Chairman, MPA and Mr Tan Chong Meng, Group Chief Executive Officer, PSA International.

    MPA also announced that it will be extending its Memorandum of Understanding with the Research Council of Norway (RCN) for an 8th term. Under the terms of the MOU, RCN and MPA will jointly support research in Maritime Digitalisation and Sustainable Shipping and organise the International Maritime-Port Technology and Development Conference. This MOU will encourage maritime research institutes in Singapore and Norway to grow partnerships with maritime technology companies in both countries and to develop new capabilities.

    SMTC – A FOCUS ON INDUSTRY TRANSFORMATION, DIGITALISATION AND DECARBONISATION

    This year’s SMTC takes place from 20 April to 22 April and will be a hybrid conference featuring physical events at the Marina Bay Sands Convention Centre as well as virtual events taking place online. The key focus of the conference is on critical issues facing the maritime industry, including industry transformation, digitalisation and decarbonisation, cyber resilience and the impact on ships and ports, as well as the growth of the start-ups in the sector and access to financing by industry players. Close to 1,000 C-suite and senior executives from the maritime industry, R&D and tech community, start-up ecosystem and venture capitalists are expected to participate in the three-day conference both in-person and online.

    In the lead-up to the main SMTC conference, an SMTC TechTalk Theatre online event was held on April 19. This exciting and innovative format featured experts in live sessions online as they discussed prevailing issues of maritime technology development through real-world use cases. They also addressed maritime cyber security for non-technical professionals, the market outlook for Smart Ship Tech Trends, remotely operated vessels and the opportunities they present, as well as the use of 3D printing and digital spare parts in the industry.


2022 August 17

18:37 NFE and Apollo funds complete $2 bln LNG maritime joint venture
18:07 Steerprop to supply a complete propulsion package for first-of-its-kind Wind Installation Vessel
17:31 Svitzer brazil strengthens fleet with two newbuilds
17:23 SFL Corporation agrees to acquire four Suezmax tankers in combination with long term charters
17:12 TransContainer obtains 58.51% of SASCO stake
17:09 SCHOTTEL RudderPropellers to power world’s first hydrogen tug
16:47 Traffic along Rhine further hindered after vessel's engine failure - Reuters
16:14 Iranian company Khazar Sea Shipping Lines launches regular Caspian services between Iran and Russia
15:56 New E-Flexer ferry Stena Estelle takes up operation on 4 September
15:35 SCZONE signs MoU with Toyota Tsusho for infrastructure projects
14:55 Port of Hamburg's total throughput up 0.9 percent to 4.4 million TEU in H1 2022
14:35 Saudi Ports register 16% growth in cargo volumes in July 2022
14:25 Throughput of Chinese sea and river ports in 7M’2022 climbed by 0.1% YoY
13:13 RUSCON launched multimodal service between Japan and Kazakhstan
12:41 DFDS reports strong Q2 results and upgrads its outlook for the full year
12:11 Philippine Ports Authority net income up 9% in 1H 2022
11:42 New floating production unit delivered to ABS Class
11:26 NYK Tokyo Container Terminal starts operations of four transfer cranes
10:58 Global Ports Holding signs 30-year concession agreement for San Juan Cruise Port, Puerto Rico
10:09 Port of Long Beach releases the Deep Draft Navigation Integrated Feasibility Report
09:41 Crowley secures subcontract for hybrid-electric ferry
09:38 Delo Group acquired Sakhalin Shipping Company
09:17 Crude oil futures rise after a fall at the previous session
08:55 MABUX: Global bunker prices to continue firm downward trend on Aug 17

2022 August 16

18:11 Viktor Chernomyrdin icebreaker officially received the status of a passenger ship
17:55 Sailing ship Mir takes on board second shift of cadets this year
17:36 Wan Hai Lines acquired four 3,000 TEU containerships from CSBC Corporation
17:06 Gulf Navigation seals refinancing deal for 5 petrochemical tankers
16:42 ABP appoints the lead for Port Talbot Transformation Programme
16:23 Port of Singapore bunker sales in 7M’2022 fell by 8.6% YoY
16:04 More than 500 workers of the port of Liverpool to strike over an ‘inadequate’ pay offer - Unite
15:38 Port of Singapore throughput in 7M’2022 fell by 3.7% to 339.1 million tonnes
15:14 Reefer container freight rates stabilise but to outpace dry box pricing - Drewry
15:04 A.P. Moller - Maersk to adopt Viking’s HydroPen container firefighting system
14:49 Port of Helsinki throughput in January-July 2022 rose by 8.4% YoY
14:30 Suez Canal Authority and Maersk sign bilateral cooperation agreement
14:20 GoodFuels’ Asia-Pacific branch starts sustainable biofuel deliveries with NYK as first client
14:03 Paxocean, Hong Lam Marine and Bureau Veritas sign Mou to develop ammonia bunker vessel design
13:31 Korea’s automobile exports top US$5bn in July - BusinessKorea
13:02 Ship travel passenger numbers in Helsinki late summer up to 80% of pre-COVID levels
12:38 Equinor extends contracts for AHTS’s in Norway and Brazil
12:37 Vladivostok Sea Fishing Port included into China’s list of Russian fishery products suppliers
12:01 Maersk and Castlery sign multi-year global logistics and fulfilment agreement
11:48 IAA PortNews to hold discussion on fish ports development and fish delivery logistics at Seafood Expo Russia
11:30 Steerprop to supply a complete propulsion package for first-of-its- kind wind installation vessel
11:01 Kalmar and Tropical Shipping strengthen long-term relationship with new order for straddle carriers
10:20 Eneti announces sale of shareholding in Scorpio Tankers
10:09 Ocean Network Express connects to CargoWise to enable automatic digital rate transfer
09:37 Freeport of Riga increased its cargo turnover in 7M’22 by 13.1% YoY
09:18 MABUX: Downward trend returns back to Global bunker market on Aug 16
09:14 Crude oil futures continue decreasing after a fall due to reduction of demand in China
09:13 Furetank and Algoma establish joint venture to construct four climate friendly dual-fuel product tankers

2022 August 15

18:26 Fujian MSA and Fishing Authorities announce the 1st batch of hgh risk warning areas of collision between merchant ships and fishing boats
18:06 Port digitisation project at APM Terminals Liberia set to improve efficiency and ease of doing business
17:55 Vladivostok Sea Fishing Port to convert one of its berth into container storage yard
17:26 King Abdulaziz Port in Dammam breaks container throughput record in June
17:06 Keppel O&M wins US$2.9bn newbuild FPSO P-80 contract from Petrobras
16:41 Zero-carbon fuel readiness on the rise but challenges remain - LR
16:20 Container throughput of Hong Kong port (China) in 7M’2022 fell by 4.3% to 8.65 million TEU
16:01 De-Kastri port to handle four ships loaded with oversize cargo for Amur Gas Chemical Complex in 2022