REMARKS BY CAPT KHONG SHEN PING,ASSISTANT CHIEF EXECUTIVE, MARITIME AND PORT AUTHORITY OF SINGAPORE AT THE SIGNING OF MPA-DNV MOU ON MARITIME ENVIRONMENT AND CLEAN ENERGY TECHNOLOGIES THURSDAY 3 JUNE 2010, 1700HRS

03 June 2010

Mr Remi Eriksen, Chief Operating Officer, DNV Asia Pacific & Middle East
Distinguished Guests
Ladies and Gentlemen

Good Evening. I am very happy to be here today for the signing of the Memorandum of Understanding between Maritime and Port Authority of Singapore and DNV (MPA-DNV MOU) on Maritime Environment and Clean Energy Technologies.

The protection of the marine environment is one of the key challenges facing the international shipping community.The challenges are varied and complex.These include prevention of ship-source pollution such as oil spills and exhaust emissions, and getting ships to exercise ballast water management conscientiously. The international shipping community has been hard at work responding to these environmental challenges.

In this regard, the MPA-DNV MOU reflects the firm commitment of both our organisations to protect and safeguard the marine environment. The focus on R&D in the MOU underscores our belief that effectively harnessing eco-efficient technology provides us with the potential to increase the distance traveled, while reducing the fuel used and the emissions generated.

Singapore is strongly committed to environmentally-friendly shipping and port activities. As a major flag registry and the world's busiest port, the prevention as well as the reduction of pollution from ships and from port activities are of paramount importance to MPA.This is underscored by Singapore being one of the few countries in Asia to be a party to all the Annexes of MARPOL-the International Maritime Organization convention for the prevention of ship-source pollution.

We welcome DNV's establishment of its Clean Technology Centre in Singapore. The Centre is a clear reflection of DNV's commitment to contribute towards international efforts for clean technology solutions.The resources and effort that DNV has allocated to this undertaking is highly commendable.

In closing, I am pleased to note that the MOU represents the strong partnership between MPA and DNV that has been built up over the years. More importantly, it also lays the foundation for deeper co-operation as well as expansion into new areas of collaborations between both organisations.We look forward to growing our partnership with DNV.

Thank you.