• 2021 April 20 18:05

    MINT Fund grant scheme to provide maritime technology start-ups in Singapore

    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 today by Mr Chee Hong Tat, Senior Minister of State for Foreign Affairs and Transport, at the 5th Singapore Maritime Technology Conference (SMTC). The SMTC is one of the key events organised in the Singapore Maritime Week 2021.

    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.

    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 more than 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.

    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.

    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.

    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.

    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.

    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.




2021 May 14

18:46 Pilbara Ports Authority posts results for April 2021
18:23 Onezhsky Shipyard launches Ice Arc5 tug Pomor built for Rosmorport
18:06 Port of Southampton announces second Shore Power connection
17:53 Warships of RF Navy's Pacific Fleet completed visit to Singapore
17:36 ICS releases Vaccination Roadmap to quicken seafarer jab rollout
17:16 Maersk secures daily rail services from Felixstowe to respond to Brexit and COVID-19
16:54 Throughput of Murmansk Sea Fishing Port in 4M’2021 fell by 3.7% YoY
16:31 DNV, the University of Bristol and Percepetual Robotics launch new research project to develop automated verification of offshore wind turbine inspection results
16:11 Port of Los Angeles container volumes up 37% to 946,966 TEUs in April 2021
15:25 Fincantieri and Amazon Web Services team up to power the digitization and competitiveness of Italy with cloud computing
14:56 Rosneft reports its 1Q 2021 net income of RUB 149 bln
14:17 Port of Liepaja throughput in 4M’2021 climbed by 1.6% Y-o-Y
13:34 Nevsky Shipyard delivers cargo-passenger vessel of Project PV22, Pavel Leonov, to the customer
12:25 Throughput of port Kavkaz in 4M’2021 fell by 15% Y-o-Y
12:03 Austal Australia delivers two cape-class patrol boats to Trinidad and Tobago Coast Guard
11:58 Port of Oakland sets all-time cargo record in April 2021
11:49 Daphne Technology seeks financing through crowdfunding platform
11:28 Throughput of Russian seaports in 4M’2021 fell by 4.2% Y-o-Y
11:09 Rosmorport commences dredging at the port of Arkhangelsk
10:46 Rosmorport announces competition on dam strengthening at Kaliningrad Maritime Channel
10:17 HCS and CyberLogitec partner in TOS implementation at finished-car logistics terminal in Yarimca, Turkey
10:13 Acceptance certificate signed for Phase 1 (preparation) of Bagayevsky hydrosystem
09:45 Oil prices decrease on demand concerns
09:28 Höegh Autoliners onboard more vessels to Kongsberg Digital’s Vessel Insight
09:12 Baltic Dry Index as of May 13
08:24 Port of Ayr completes £2.2m investment strategy with new crane delivery

2021 May 13

18:41 DFDS ferry volumes up 50% in April 2021
18:13 Sealand adds weekly Port of Wilmington call to its NAE service
17:54 Sparta III delivered yet another cargo to Franz Josef Land
17:37 COP26 in focus as UNGC gathers leaders at Nor-Shipping’s Ocean Now
17:30 Oboronlogistics took part in BREAKBULK RUSSIA 2021
17:02 Admiral Makarov University took part in ARCSAR workgroup
16:28 IAPH renews ties with WCO
16:05 VoltH2 and Virya Energy sign cooperation agreement for development of green hydrogen plant in North Sea Port
15:37 12th Arctic Council Ministerial meeting convenes in Reykjavík
15:13 Bunker Weekly Outlook, Week 19, 2021
15:04 Klaveness joins collaboration project to evaluate the potential role of carbon capture in meeting shipping’s near-zero emissions target
14:52 Wärtsilä Cargo Handling and Fuel Supply Systems again selected for Oriental Energy vessels
14:32 Capital Link Maritime Forum - Norway to take place on 26-27 May 2021 as digital event
13:48 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew fell by 26% in 4M’21
12:46 Shell Marine expands shipcare network, offering customers greater convenience and smoother operations
12:29 Small anti-submarine ships of White Sea naval base commence training maneuvers at sea
12:00 Mitsubishi Shipbuilding holds christening and launch ceremony in Shimonoseki for large ferry built for Meimon Taiyo Ferry
11:50 Singapore and Rotterdam successfully complete trial with electronic bill of lading
11:37 Bunker sales at Vladivostok port in 4M’2021 fell by 26% YoY
11:09 Port of Long Beach container volumes up by 43.6% to 746,188 TEU in April 2020
10:42 TSUNEISHI SHIPBUILDING collects actual operation data by IoS-OP
10:33 RF Government approves new composition of its Marine Board
10:09 Bureau Veritas partners with North Sea Energy program
09:44 Damen launches RoPax 6716 for the Port Authority of Timor-Leste
09:41 Oil market sees downward price correction
09:24 Baltic Dry Index as of May 12
09:08 RINA certifies the improvement of the energy efficiency of Grimaldi ro-ro fleet
08:45 UN launches the Human Rights Due Diligence Tool for seafarers

2021 May 12

18:36 Rolls-Royce to supply mtu generator sets for U.S. Navy frigate program
18:06 COSCO SHIPPING Ports successfully launches green finance framework
17:54 Severnaya Zvezda shipped second batch of equipment for Taimyr coal cluster facilities
17:36 High demand sees Teesport Bulks Terminal sign third major deal in eight months
17:16 Port of Antwerp and the City of Antwerp kick off The Tall Ships Races 2022
16:53 Valenciaport exceeds one million export containers for the first time in a year