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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction
06 EDB Singapore Interview
07 Enterprise Singapore Interview
08 SCIC Interview
09 ASPRI Interview
10 Section 2: Ecosystem
11 Sustainability
12 Business Insights: Transformations by the Country’s Biggest Players
13 Linde Interview
14 Advario Interview
15 Behn Meyer Group Interview
16 Leschaco Interview
17 The Energy Transition
18 Two Scenarios
19 Energy Market Authority Interview
20 PacificLight Interview
21 Air Products Interview
22 Environmental Resources Management Interview
23 Talent
24 Airswift Interview
25 McKinsey & Company Interview
26 Section 3: Production
27 Petrochemicals
28 ExxonMobil Interview
29 Shell Chemicals and Products Asia Interview
30 Chevron Interview
31 Infineum Interview
32 Chemical Specialties Limited Interview
33 Circularity
34 In Search of a Sustainable Solution To Singapore's Plastics Waste
35 Mitsui Chemicals Asia Pacific Interview
36 Eastman Asia Pacific Interview
37 LyondellBasell Interview
38 Dow Interview
39 SABIC Interview
40 Specialty Chemicals
41 Business Insights: Investments in the Mobility & E-mobility Sector
42 BASF Interview
43 Henkel Interview
44 Lanxess Interview
45 Evonik Interview
46 Arkema Interview
47 Nutrition
48 Tate and Lyle Interview
49 Syngenta Interview
50 Roquette Interview
51 Nutrisource Interview
52 Fermatics Interview
53 Section 4: Supply Chain
54 Logistics
55 Maritime and Port Authority of Singapore Interview
56 Maersk Interview
57 Vopak Interview
58 Jurong Port Interview
59 Trade
60 Brenntag Specialities Interview
61 Integra Petrochemicals Interview
62 Tradeasia Interview
63 Azelis Asia Pacific Interview
64 New Asia Shipbrokers Interview
65 Section 5: Local Tribute
66 Talks with the founders of Singaporean-born traders
67 Talks with the founders of Singaporean-based advisory firms
68 Talks with executives in the shipping industry
69 Section 6: Company Profiles
70 Integra Company Profile
71 Behn Meyer Company Profile
72 Credits

Kenneth Lim, Assistant Chief Executive,

MARITIME AND PORT AUTHORITY OF SINGAPORE

“The pandemic has catalysed transformation in the maritime sector through digitalisation and decarbonisation.”

How has Singapore evolved as an international port?

Singapore has come a long way from the early days when it had about 20 international shipping groups on its shore. Today, Singapore’s maritime vibrant ecosystem consists of over 170 international shipping groups and a diverse range of maritime service providers. In 2021, Singapore surpassed its pre-pandemic container throughput and recorded 37.5 million TEUs to retain its position as the world’s busiest container transhipment port. With more than 4,000 ships aggregating over 93 million gross tonnage, the Singapore Registry of Ships continues to rank as one of the top five ship registries globally, reflecting Singapore’s reputation as a quality flag of choice for international ship owners. It was also the first ship registry in the world to introduce “smart”, “cyber”, “welfare” and “green” notations for vessels in November 2021 to help ship owners enhance their commercial attractiveness.

Could you highlight the most recent milestones and developments at MPA?

The pandemic has catalysed transformation in the maritime sector through digitalisation and decarbonisation. To help maritime companies get started on their digital journey, MPA has developed a Maritime Digitalisation Playbook (MDP) with the Singapore Shipping Association (SSA) and stakeholders in the maritime innovation ecosystem. Incentives are also provided to encourage maritime SMEs to embark on their digitalisation transformation. To ensure that digital solutions are accessible by SMEs, the Sea Transport Industry Digital Plan (IDP) provides co-funding to support the adoption of pre-approved solutions. To streamline port clearances and reduce administrative overheads, MPA launched digitalPORT@SGTM in 2019 and worked with port authorities, maritime administrations, port operators and shipping companies to consolidate 16 different forms across multiple agencies into a one-stop digital clearance platform. It has allowed us to move to paperless and contactless port clearance parts, and save an estimated 100,000 man-hours for the industry each year. MPA also established digitalOCEANS™ together with global partners, to build upon the IMO Compendium on Data Set and Reference Data Model and jointly develop standard API specifications for port clearance applications. This will enable digitally connected ports, by supporting the implementation of port call optimisation by port authorities and facilitating greater interoperability between digital platforms.

How is MPA contributing to the development of a skilled workforce for the maritime sector?

We must prepare our maritime workforce for tomorrow. Our seafarers will need to use digital platforms and operate IoT systems onboard future vessels, and would need to handle future marine fuels. The Centre of Excellence for Maritime Safety at Singapore Polytechnic has developed innovative training techniques using artificial intelligence and virtual reality, allowing trainees to undergo realistic training while evaluating theiår performance more holistically. The same can be said for shore-based roles. To help optimize manpower deployment, improve productivity and transform ways of working, MPA and Singapore Maritime Foundation (SMF) are embarking on a Job Redesign Pilot Project, focusing on key maritime job roles such as vessel operators and technical superintendents for a start.

MPA set up the Global Centre for Maritime Decarbonisation in 2021. Could you comment on the role of this centre?

The Global Centre for Maritime Decarbonisation has the mission to help the maritime industry eliminate GHG emissions by shaping standards, deploying solutions, financing projects and fostering collaboration across the sectors. We are exploring with the industry to identify opportunities to widen and deepen the range of financing solutions in Singapore and create platforms to match the projects to the financing needs.

Could you summarise MPA’s priorities for the next few years?

‘The WAVES’ or Waterfront for All, Innovation, Enterprise, and Sustainability, is an integrated waterfront development that will be the focal point for maritime innovation, sustainability, and talent development efforts in Singapore. Slated to be operational by late 2025, ‘The WAVES’ will house research institutes and startups, facilitate testbeds and trials of decarbonisation technologies, and support the building of maritime careers for our workforce and attract talents to work in MarineTech and decarbonisation. MPA will create a vibrant maritime innovation system and leading MarineTech Hub by working closely with partners and driving innovation platforms such as PIER71™ and Smart Port Challenge. The Sea Transport sector aims to catalyse over $25 million in venture capital investments and increase the support for MarineTech start-ups from the current 30 to 150. MPA will continue our efforts to promote the maritime sector as an attractive and dynamic sector for jobs seekers, and help take advantage of the numerous opportunities in the maritime industry. To support a transition into interim fuels including biofuels and LNG, we need to work with industry to ensure availability of various biofuel blends and study the standards for the use of biofuels. To support Singapore’s infrastructure for LNG Bunkering, we have worked with various stakeholders and established Technical Reference 56 to provide guidance on bunkering standards and procedures. As a global financial centre with over 20 internationals banks based with ship finance portfolio, we will leverage on this network to build a green ship financing ecosystem and develop a suite of green ship financing options.

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Interview: Maersk