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 are some resources and support schemes to grow your business.
The Marine and Offshore Engineering Industry Digital Plan (IDP) comprises a three-stage digital roadmap that charts out the different digital solutions SMEs can adopt at each stage of their business growth and digital maturity.
To kickstart your digitalisation journey, you can make use of an online self-assessment checklist to understand your company’s digital maturity and readiness, as well as identify gaps in your company’s digital capabilities. The checklist takes into consideration factors such as the SME’s current business operations, level of digitalisation and business expansion plans. The checklist is accessible here.
To ensure that employees are also equipped with the right skills to stay relevant and support the SME’s digitalisation journey, the IDP also includes a Digital Training Roadmap. You can tailor your training programmes according to different workers in various job roles and at each stage of their digital growth. These training programmes are also aligned to the SkillsFuture Singapore’s Skills Framework developed for the sector.
SMEs can visit GoBusiness Gov Assist for the list of pre-approved solutions under the IDP that are supported by the Productivity Solutions Grant (PSG).
Your business can take advantage of Singapore’s heavy investment in infrastructure to support our energy needs:
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.
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.
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 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.