A Singapore Government Agency Website
Enterprise Singapore Logo
  • Industries
    • Industry Type
      • Agri-tech
      • Air Transport
      • Built Environment
      • Digital / ICT
      • Electronics
      • Energy & Chemicals
      • Food Manufacturing
      • Food Services
      • Healthcare and Biomedical
      • Land Transport
      • Logistics
      • Marine & Offshore Engineering
      • Precision Engineering
      • Retail
      • Sea Transport
      • Urban Solutions
      • Wholesale Trade
    • Hub
      • Infrastructure Hub
      • Startup Hub
  • Overseas Markets
    • Africa
      • Ghana
      • Ivory Coast
      • Kenya
      • Morocco
      • Mozambique
      • Nigeria
      • South Africa
    • Asia Pacific
      • ASEAN
      • Australia
      • Cambodia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Myanmar
      • Philippines
      • South Korea
      • Thailand
      • Vietnam
    • Europe
      • France
      • Germany
      • Russia
      • Turkey
      • Netherlands
      • United Kingdom
    • Middle East
      • Egypt
      • Israel
      • Jordan
      • Oman
      • Qatar
      • Saudi Arabia
      • United Arab Emirates
    • North & Latin America
      • Brazil
      • Canada
      • Colombia
      • Mexico
      • Peru
      • United States of America
  • Quality & Standards
    • Standards
      • For Companies
      • For Partners
      • E-Alert for Standards
    • Accreditation
      • For Companies
      • For Conformity Assessment Bodies
      • For Partners
      • Mutual Recognition Arrangements (MRAs)
    • Business Excellence
    • Consumer Protection
      • For Suppliers
      • For Consumers
  • Financial Assistance
    • Grants
      • For Startups
      • For Local companies
      • For Partners
    • Loans & Insurance
      • Enterprise Financing Scheme (EFS)
      • Temporary Bridging Loan Programme
      • Internationalisation Finance Scheme (IFS) - Non-Recourse
      • Loan Insurance Scheme (LIS)
      • Political Risk Insurance Scheme (PRIS)
      • Trade Credit Insurance Scheme (TCIS)
    • Tax Incentives
      • Double Tax Deduction for Internationalisation (DTDi)
      • Global Trader Programme
      • Fund Management Incentive (FMI)
      • Section 13H Tax Incentive (S13H)
    • Investments
      • Startup SG Equity
      • Special Situation Fund for Startups (SSFS)
      • SEEDS Capital
      • EDBI
  • Non-Financial Assistance
    • For Singapore Companies
      • Supporting Your Startup Journey
      • Digital Programmes
      • Growth Partnership Programme
      • Business Toolkits
      • Talent Attraction and Development
      • Network of Partners
      • Export Guides
      • Free Trade Agreements
      • New Market Entry Support
    • For Foreign Companies
      • Join Singapore's Startup Hub
      • Living in Singapore
      • Setting Up in Singapore
      • Free Trade Agreements
      • Double Tax Avoidance Agreements
      • International Investment Agreements
    • For Individuals
      • Skills Development for Students
      • Skills Development for Mid-Career Professionals
      • Be Inspired
  • About Us
    • Overview
    • Vision & Mission
    • Board of Directors
    • Strategic Plan
    • Year-in-Review 2019
    • Careers
    • Media Centre
Search
  • Share
Marine & Offshore
  • Home
  • Industries
  • Industry Type
  • Marine & Offshore Engineering
  • Boost Capabilities
Marine & Offshore Engineering
  • Industry Profile
  • Boost Capabilities
  • Go Global
  • Develop Talent

Boost Capabilities

Singapore companies in the marine and offshore engineering (M&OE) industry can develop new capabilities to benefit from growth areas like liquefied natural gas. There is much to gain from embracing digitalisation and artificial intelligence to improve your business efficiency and generate new revenue streams.

Here is the support available to grow your business in the M&OE industry.

Singapore’s Comprehensive Physical Infrastructure
 

Your business can take advantage of Singapore’s heavy investment in infrastructure to support our energy needs:

LNG Terminal

You can use the Singapore liquefied natural gas (LNG) terminal to support physical LNG trading in the region.

The terminal has a processing capacity of 11 million tonnes each year. It will complete a fourth storage tank in 2018, which will increase the terminal’s ability to support storage, reloading and break-bulking of LNG in the region.

LNG Bunkering Facilities

In the future, your business can also use the LNG bunkering facilities at the port of Singapore. The Maritime Port Authority of Singapore is regulating LNG bunkering standards and procedures at both the national and international levels, investing up to S$24 million to boost LNG bunkering.

Boost Capability

SLInG as a Price Discovery Tool
 

If your business is in LNG, you can use the SGX LNG Index Group (SLInG). This initiative by the Singapore Exchange (SGX) and the Energy Market Company aims to offer a neutral Asian gas price index.

This Index is suitable for most Asian seaborne LNG trade, whether it is offloaded or stored in Singapore, or passes through the country. In 2016, SGX launched swaps and futures derivatives as risk management tools based on the SLInG index.

Learn how to use the tools at the SGX LNG Index Group.

Technology Centre for Offshore and Marine Singapore (TCOMS)
 

Your employees can get trained and access the latest innovations from Singapore’s first research facility for marine and offshore engineering, that will be ready in 2019.

TCOMS is a joint venture between the Agency for Science, Technology and Research (A*STAR) and the National University of Singapore.

Your employees can have a unique training experience as the research facility aims to be the next-generation Deepwater Ocean Basin, equipped with state-of-the-art wave and current generation systems that can simulate challenging ocean environments.

You can look forward to the research facility’s innovations in intelligent floating platforms and vessels, autonomous systems, marine robotics and subsea systems.

Start Digital
 

Start Digital is an initiative, in collaboration with IMDA, under the SMEs Go Digital programme to help SMEs adopt digital solutions right from the start.

New companies often prioritise business development and profit generation. As a result, operations management may take a backseat. By digitalising early, you can better focus and capture opportunities for your business without being constrained by day-to-day operations.

With our Start Digital Pack, SMEs can get access to modular digital solutions that will help accelerate their start up process and business growth. For more information, visit www.imda.gov.sg/StartDigital.

 

TOP

Newsletter Sign Up

Get the latest news on how to grow your business - delivered straight to your inbox. Because growing your business is our business.

SUBSCRIBE
  • About Us
  • Media Centre
  • Careers
  • Events
  • E-Services
  • Resources
  • Inspiring Stories
  • Blog

Connect with us

  •  
  •  
  •  
Contact | Feedback
  • Sitemap
  • Terms of Use
  • Privacy Statement
  • Whistle-blowing
  • Report Vulnerability
  • Rate This Website

© 2018 Enterprise Singapore

(Last updated on 04 December 2019 15:50:15)