CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Singapore Hosts New Maritime Research Facilities

Singapore Hosts New Maritime Research Facilities

by Mary Swire, Tax-News.com, Hong Kong

12 June 2013


The Maritime and Port Authority of Singapore has welcomed the launch of the new ECO Research Center in Singapore, in partnership with FutureShip, Germanischer Lloyd's (GL) maritime engineering and consultancy subsidiary.

The Center, which will conduct research to strengthen FutureShip's energy efficiency solutions for its Asian clients, will be supported by MPA, and its Maritime Cluster Fund (MCF).

The ECO Research Center will be the first research and development (R&D) center to benefit from MCF support, which was expanded to cover the setting up of research and development (R&D) and test centers in Singapore to promote the development of the jurisdiction as a maritime knowledge hub.

Albrecht Grell, Senior Executive Vice President of GL, commented: "We are pleased to operate our R&D center in Singapore, the global maritime hub, and we feel honored to receive such a solid support from MPA. With a variety of initiatives to promote sustainable shipping and energy-efficient ship designs, Singapore is developing into a centre of excellence for maritime research and development. This provides us with an ideal operating environment, while fitting well with our long-term strategy to maintain our leading-edge position in maritime consulting services."

Lam Yi Young, MPA's Chief Executive added: "MPA has been actively promoting maritime R&D and innovation development over the past decade. The setting up of R&D and test centers in Singapore will further strengthen our maritime R&D capabilities and position us as a center of excellence for maritime technology. We are thus happy to welcome the setting up of FutureShip's ECO Research Center in Singapore."

The Center will embark on "Analytical Ship Performance Evaluation and Management" as its first project and will conduct a number of R&D projects over the next five years.

The ECO Research Center will be an arm of FutureShip Singapore Pte Ltd (FSPL). "Since the FSPL office was registered last October, we've seen a rapidly growing client base as we continued to roll out solutions to enhancing energy efficiency of ships," said Khorshed Alam, Managing Director of FutureShip Singapore. "The Center will surely sharpen our capability of addressing our clients' needs with tailored products, backed by a global network of over 100 high-caliber engineers and consultants. Singapore's uniqueness as a green shipping hub also allows us to fan out from here to other areas in Asia," concluded Alam.

TAGS: marine

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »