COS 2021 Media Factsheet (Maritime)
05 March 2021
(A) Tuas Port Developments
Tuas Port will be developed in 4 phases. When fully operational in the early 2040s, Tuas Port will be the world’s largest fully automated container terminal with a container handling capacity of up to 65 mil TEUs. The reclamation of Tuas Port Phase 1 (TTP1) commenced in Feb 2015 and is scheduled to be completed by end-2021.
Key details of Tuas Port Phase 1:
|Date of Commencement
||28 Feb 2015
||Surbana Jurong Consultants Pte Ltd
||Dredging International Asia Pacific – Daelim Industrial Joint Venture Pte Ltd (DDJV)
||Approx. 8.6km (21 laps around 400m track)
|Total no. of Caisson
Estimated total structural steel bars required for 221 caissons is equivalent to the 1000 Airbus 380
|Typical caisson dimension
Dimension: L 39.9m * W28m * H 28.15m
Weight per caisson = Approx 15,000 tons; (Weight of one caisson equivalent to 8,000 cars)
||8 caissons per month
|Caisson Casting Yard No. of production line
||Minus 23 m Chart Datum (23 metres below sea level)
|The largest Grab Dredger in the world: GOSHO
||Bucket size: 200 m3 (able to fill one Olympic size swimming pool in 45 mins with 15 grabs)
|Area to be Reclaimed
||294 ha (272 football fields)
|Total Land Area of Tuas Terminal Phase 1 for development
||414 ha (including 120 ha existing land) (383 football fields or about the size of Clementi Town)
(B) International Maritime Centre
Maritime Singapore is home to a diverse range of maritime businesses, with more than 5,000 maritime establishments. Beyond our position as a global hub port, Singapore continues to be recognised as a leading international maritime centre (IMC) by international benchmarking studies.
Today, Singapore has one of the highest concentrations of international shipping groups globally. More than 160 international shipping groups from all over the world have set up here and, together, they are the cluster’s core driver. The committed total business spending for last year was S$4.9 billion. These groups cover diverse sectors from containers, dry bulk, tankers to offshore.
- We have set a target to bring in $20 billion in total business spending commitments from maritime companies from 2020 to 2024.
(C) Maritime Innovation and Technology
Maritime Innovation and Technology (MINT) Fund Enhancements
The Maritime Innovation and Technology (MINT) Fund was set up to develop Singapore as a centre of excellence for maritime R&D and technology solutions. Since 2003, MPA has allocated a total of $265 million to the MINT Fund to accelerate industry technological innovation and capability development, and the fund has supported more than 350 industry projects.
The objectives of the MINT Fund are to:
- Develop competitive edge for the Port of Singapore;
- Build up technological capabilities within our maritime industry in key niche areas; and
- Transform the maritime sector into a highly productive and innovative cluster by leveraging leading-edge technologies.
To strengthen MPA’s support for the maritime industry and local maritime tech SMEs, the MINT Fund will be enhanced in the following areas:
- Top up of MINT Fund by $15 million to bring the total available MINT Fund to $100 million;
- Co-funding support for eligible projects by maritime tech SMEs increased from 50% to up to 70%; and
- Co-funding support for eligible projects by industry consortiums of up to 70%.
There are currently two funding schemes available:
|Programme / Scheme
||Objectives / Criteria
||This scheme promotes upstream research and encourages creation of knowledge, capability and intellectual property within the companies. It is relevant to maritime companies and large companies with in-house R&D, as well as marine equipment makers and technology developers.
||This scheme encourages product and solution development, value creation, and translation of state-of-the-art technologies from non-maritime industries for use within the maritime domain. It is relevant to maritime companies with engineering design capabilities, engineering companies, system integrators, software / hardware developers, shipyards, and technology companies.
Maritime Technology Start-Ups
To drive the maritime sector’s next phase of growth, MPA has taken the lead to build a vibrant innovation ecosystem to drive competitiveness and new growth areas by (a) creating an enabling environment for innovation, (b) deepening maritime R&D capabilities and (c) growing maritime technology enterprises to develop innovative solutions. Some of MPA’s past initiatives include innovation platforms such as the PIER71 (Port Innovation Ecosystem Reimagined @ BLOCK71) and Smart Port Challenge (SPC) initiative. MPA will continue to strengthen innovation in Maritime Singapore:
- We aim to more than triple the number of maritime tech start-ups (who receive funding and support from MPA’s programmes e.g. PIER71), from 30 to 100 by 2025.
(D) Manpower Initiatives
Maritime Leadership Programme
The Maritime Leadership Programme (MLP) is MPA’s latest programme that aims to develop the leadership capabilities of local maritime talent, by providing them with fresh perspectives on maritime and global issues through experts, peer-to-peer learning as well as opportunities to cultivate business networks in Singapore and beyond. MLP is designed as a 10-day executive leadership programme conducted over three months. Participants can expect to attend seminar-based lectures, experiential learning (i.e. site visits to maritime institutions and organisations, physical and/or virtual) as well as networking opportunities with global maritime leaders. We expect up to 30 participants over the first two programme runs.