The combination of global hub port and International Maritime Centre forms a unique value proposition for Maritime Singapore. Looking ahead, we will continue to strengthen these twin engines so as to remain reliable, resilient, and ready for the future.
Key to our plans to stay ahead as the world’s premier global hub port is the development of Tuas Port, which started in 2015. Reclamation works for the first phase were completed in November 2021.
When fully completed in the 2040s, Tuas Port will consolidate our container port operations in a single location and will be able to handle up to 65 million TEUs per annum, 50% more than our current capacity. Tuas Port will provide world-class efficiency and reliability by leveraging technology and automation. We are also strengthening physical and digital linkages with adjacent sectors to improve supply chain resilience.
Our vision is for Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent by 2030. We will continue to grow our International Maritime Centre and encourage maritime companies to set up and expand operations here. We will also continue to work with maritime companies to co-invest in growth areas of maritime services, maritime technology, and environmental sustainability.
Singapore recognises the vital role of our seafarers and maritime frontline workers in keeping supply chains open. Our port introduced contactless operations and has remained open throughout the COVID-19 pandemic. Learn more about our efforts to protect frontline workers by facilitating crew change, and the Singapore Shipping Tripartote Resilience (SG-STAR) Fund.
The maritime industry and its venture capital partners are investing heavily in technological solutions to a range of challenges, from improving maritime safety to trialling low- and zero-carbon marine fuels.
For example, the Singapore Maritime Institute, established in 2011, works with a network of four Centres of Excellence to drive developments in maritime technology (MarineTech), grow the capabilities of research institutes in Singapore, and foster research collaborations with industry.
MPA and NUS Enterprise collaborate with industry and research partners through the Port Innovation Ecosystem Reimagined at BLOCK71 (PIER71) programme to develop the maritime start-up ecosystem.
Maritime R&D initiatives are co-funded through the $265 million Maritime Innovation and Technology (MINT) Fund. Maritime R&D agreements have been signed both locally and overseas with various research institutions for collaborative projects.
The imperative to grow our port, and develop our International Maritime Centre, must be accompanied by efforts to protect the marine environment and tackle climate change. Learn how we are doing our part for an environmentally sustainable Maritime Singapore.