• 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 5

15:33 Gibbs & Cox awarded $20M contract from Naval Surface Warfare Center, Philadelphia Division
14:18 Velesto Energy reports an incident with its rig VELESTO NAGA 7 at off the coast of Sarawak
13:41 Eastern Pacific Shipping and Rio Tinto enter charter for up to six dual-fuel LNG dry bulk carriers
12:48 New LNG bunkering barge from Titan LNG to supply Zeebrugge and English Channel regions
11:07 DNV awards AiP for new LNG fuel tank insulation with leak detection system

2021 May 4

17:24 SteelCoast’s growing momentum delivers gains
16:47 MPA announces full resumption of operations at the Port of Montreal and an end to the uncertainty
15:41 NAB strengthens long-term sustainability for Port of Newcastle landmark loan
15:21 MarineMax acquires KCS International, Inc. (Cruisers Yachts)
14:36 Tidal Channel into Bahia Grande closed until fall for $5M ecological restoration
13:47 USCG suspends response to overturned boat near Point Loma
12:38 BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data
11:56 Government and business heads determine future of hydrogen at Ocean Now
11:04 Fednav welcomes the MV Arvik I - its newest icebreaking bulk carrier

2021 May 3

17:29 Total realizes France's first ship-to-containership LNG bunkering operation, after inaugural loading at Dunkirk LNG terminal
16:08 A-Navigation should be affordable and feasible for shipping companies – MARINET
15:36 IMO representatives consider Russian concept on a-Navigation convoy promising
15:18 Marlink Group closes the transaction on ITC Global
14:27 The U.S. Coast Guard suspends search for person in the water near Matagorda, Texas
13:48 A-Navigation will open up new opportunities for women involved in shipping activities
13:18 Carnival Breeze, Carnival Vista arrive in Galveston in advance of cruise rally at Port tomorrow
12:57 NTSB says maintenance error caused $2.2M marine accident with Canadian-flagged ship
12:43 Costa Cruises restarts from Savona with the flagship Costa Smeralda
12:07 Russia welcomes to benefit from its competences in Autonomous navigation safety
11:11 USCG searches for person in the water near Matagorda, Texas

2021 May 2

17:03 TNS Logistics relocates to Port of Brisbane
15:21 PSA Marine: Fueling connectivity with ONEHANDSHAKE™
14:18 Port Houston posts largest monthly container volume
13:44 Eidesvik announces sale of supply vessel Viking Athene
12:33 USCGC Hamilton conducts operations with Turkish navy
11:02 Port Canaveral first port in U.S. to support COVID-19 vaccinations for seafarers
10:53 Creek restoration partnership kicks off to improve waterway health
10:21 Port of San Diego to double shore power at cruise terminals
09:58 St. Tammany Corporation and Port NOLA sign MOU to attract manufacturing and distribution centers to the region

2021 May 1

16:18 CARGOES TOS+ (ZODIAC) completes “go-live” within 8 weeks at DP World Luanda terminal
15:12 GeTS Asia Pte Ltd receives SBR's Tech Award for Logistics
14:31 Höegh Autoliners set to launch the most environmentally friendly car carrier ever built
13:28 Puerto Rico Ports Authority and JAXPORT affirm longstanding partnership
13:14 Bergen Tankers put into service its LNG bunker vessel
12:29 Acergy Viking gets hybrid propulsion
11:17 Two USCG cutters arrive in Athens, Greece en route to their homeport in Bahrain

2021 April 30

19:23 Combi Lift returns to Damen for its new 111-metre Damen Stan Pontoon
18:05 Krasnoye Sormovo shipyard delivers dry cargo carrier Vladimir Latyshev
17:38 Some 16 bunkering companies to operate in Saint-Petersburg during summer navigation season
17:16 Global Ports Holding awarded Taranto cruise port
16:34 The CMA CGM Group announces the order of 22 new vessels
15:47 Multipurpose Reloading Complex in Ust-Luga increased handling by 22% in QI’2021
15:22 The Arbitration Tribunal rules the dispute between DP World PLC and the Kingdom of Belgium
14:43 Sea Port of Saint-Petersburg handled over 1.8 million tonnes of cargo in QI’2021
14:21 Services between Hamburg and Xuzhou successfully established
13:42 Main route of Volga-Baltic Basin opened for navigation
13:20 Australia bans bulk carrier Movers 3 after months of detention for appalling conditions
12:59 Supervisory Board of Tallink Grupp extends Management Board members’ term of office
12:41 Grimaldi launches Antwerp-Cork direct freight line
12:11 Port Houston posts largest monthly container volume in March 2021
11:30 Wärtsilä to introduce engine plus emissions abatement package to meet Chinese marine engine emission standard
11:00 RFC replaces raw material exports to China with the supply of deeply processed fish products
10:31 Tallink Grupp publishes 2021 first quarter financial results
10:04 Shchekinoazot and Haldor Topsoe sign an MoU to jointly discover opportunities for CO2 emission reduction
09:52 Cruise Baltic continued sustainable initiatives in 2020 despite an uncertain year