GUEST-OF-HONOUR SPEECH BY MR LAM YI YOUNG, CHIEF EXECUTIVE OF THE MARITIME AND PORT AUTHORITY OF SINGAPORE AT THE CHRISTENING OF WING-IN-GROUND CRAFT, AIRFISH 8-001, ON SUNDAY, 25 APRIL 2010, 4.07PM, THE PROMENADE, VIVO CITY

Mr Ng Kim Hoo, Director, Wigetworks Pte Ltd
Mr Kenneth Tan, General Manager, Wigetworks Pte Ltd
Distinguished guests,
Ladies and gentlemen,

Good afternoon. My wife and I are honoured to be here today to witness the christening of the Wing-In-Ground craft, AirFish 8-001.

First, let me congratulate Wigetworks on the successful registration and christening of AirFish 8-001. On behalf of the Singapore Registry of Ships or SRS, we are pleased to welcome AirFish 8-001 into the family of Singapore-flagged vessels. Today's christening is of significance as AirFish 8-001 is the first Wing-In-Ground craft to be registered under the SRS.

AirFish 8-001 will join some 4,000 vessels currently flagged with the SRS, which includes tankers, container ships, bulk carriers, rigs and offshore vessels, and now its first Wing-In-Ground craft. Today, the SRS is ranked among the world's top ten largest ship registries, with some 45 million GT (gross tonnage) registered. The unique and strong tripartite partnership between the Maritime and Port Authority of Singapore, the industry and the unions have fostered a pro-business environment that has encourage many reputable ship owners to flag their ships with Singapore and to base their operations in Singapore.

It is indeed fitting that Wigetworks, a home-grown company, has chosen to flag AirFish 8-001 with Singapore. AirFish 8-001 itself is an innovation in providing a novel means for sea transportation. Singapore, as a responsible flag state, has put in place national regulations in line with the International Maritime Organization's guidelines on Wing-In-Ground craft. This has enabled us to welcome AirFish 8-001 to the SRS. AirFish 8-001 has also been successfully classed with Lloyd's Register, having met their standards. As it is a novel craft, the Singapore regulations and guidelines provide a framework for proper engineering analysis, design and developmental testing, as well as training, certification and manning of qualified officers.

Conclusion
Finally, let me once again congratulate Wigetworks on the christening of AirFish 8-001 and wish it success in its operations.

Thank you.

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