December 20, 2014 4:36 PM ET

Commercial Services and Supplies

Company Overview of Maritime and Port Authority of Singapore

Company Overview

Maritime and Port Authority of Singapore operates as a maritime agency that focuses on the development of Singapore's port and maritime centre. It offers port regulatory services. The organization was founded in 1996 and is headquartered in Singapore.

460 Alexandra Road

PSA Building #19-00

Singapore,  119963

Singapore

Founded in 1996

Phone:

65 6375 1600

Fax:

65 6275 9247

Key Executives for Maritime and Port Authority of Singapore

Chief Executive and Director
Compensation as of Fiscal Year 2014.

Maritime and Port Authority of Singapore Key Developments

ABS and Maritime and Port Authority of Singapore Sign Memorandum of Understanding

ABS and the Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MOU) to promote maritime research and development (R&D) and innovation. Over the next five years, ABS and MPA will collaborate on maritime R&D in the areas of alternative/clean fuel and developing resilient, next-generation port systems. Both parties will also commit to promote and share maritime thought leadership on technology. The ABS-MPA MOU covers the following areas: alternative/clean fuel research and technology, such as in liquefied natural gas (LNG) bunkering, covering both operational configuration studies and risk assessment and safety; R&D on resilient, next-generation port systems relating to the safety and security of new port facilities, and where processes, such as traffic management, safe navigation, security measures, situational awareness, decision making and consequence management measures, have to be continuously and effectively assessed and updated; promote maritime technology to the Singapore maritime community through thought leadership fora, such as workshops and dialogues.

PSA, MPA Extend Partnership on Developing Singapore Port

The Maritime and Port Authority of Singapore and PSA Corp. Ltd. signed a memorandum of understanding (MOU) to extend their collaboration under the Port Technology Research and Development Programme. PSA operates the larger container transhipment hub in Singapore. The extension of the programme would allow MPA and PSA to continue with research and development (R&D) initiatives to develop next-generation technologies for Singapore's future container terminal operations. PSA's Tan said the corporation was pleased to continue this partnership with MPA, as the company geared up for the development of the future terminals at Pasir Panjang Phases 3 and 4 as well as Tuas. The innovative technologies developed under the programme will transform terminal operations, and take productivity and process efficiency to new heights. Under the MOU, MPA will fund the programme an additional SGD 15 million over five years from the Maritime Innovation and Technology Fund. PSA will provide additional co-funding of up to SGD 15 million over the same period. This will bring the total amount committed towards the programme to SGD 50 million, up from the initial SGD 20 million.

The American Bureau of Shipping, Maritime and Port Authority of Singapore and the Singapore University of Technology and Design Ink Memorandum of Understanding on Maritime Technology Professorship

The American Bureau of Shipping (ABS), the Maritime and Port Authority of Singapore (MPA) and the Singapore University of Technology and Design (SUTD) have collaborated to set up an ABS-MPA Maritime Technology Professorship (MTP) programme at SUTD, with funding of up to SGD 12.5 million. The aim is to build up SUTD's capabilities in maritime education and Research & Development (R&D) to further boost the growth of marine and offshore R&D in Singapore. The Memorandum of Understanding (MOU) to set up the MTP was signed by ABS President and Chief Executive Officer, Mr. Christopher J. Wiernicki, MPA Chief Executive, Mr. Lam Yi Young, and SUTD President, Professor Thomas Magnanti. The MTP is a five-year programme which will be supported by a donation of USD 2 million (approximately SGD 2.5 million) from ABS and a grant of up to SGD 2.5 million from MPA's Maritime Innovation and Technology (MINT) Fund. The total funding will work out to close to SGD 12.5 million, including matching grants from the Singapore government. Through the MTP programme, a reputable professor or expert with specialized knowledge in marine and offshore-related technologies will be appointed as the ABS-MPA Maritime Technology Chaired Professor in SUTD to provide leadership across SUTD's four academic pillars. In addition, prominent Visiting Professors and Resident Professors will also be appointed to develop marine and offshore-relevant content, courses and R&D projects to enrich SUTD's curriculum and to provide the students with pathways to careers as technology leaders in the maritime industry. Research will be conducted in areas such as analysis, design and integrity assessment and management of marine structures and systems to advance maritime technologies.

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