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Marine & Offshore
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  • Boost Capabilities
Marine & Offshore Engineering
  • Industry Profile
  • Boost Capabilities
  • Go Global
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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 are some resources and support schemes to grow your business.

Marine & Offshore Engineering Industry Digital Plan for SMEs
 

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.

  1. Stage 1 gets SMEs ready for the digital economy and lists the basic digital solutions that can help them streamline operations to optimise the use of their resources.

    Solutions such as Enterprise Resource Planning (ERP) automates manual data entry and tracking. These solutions reduce human errors, and enable employees to focus on higher-value work whilst allowing enterprises to monitor and plan their resources more efficiently.
  2. Stage 2 provides digital solutions for SMEs that are ready to scale up.

    These enable SMEs to integrate their current workflow, machinery and key processes to enhance their front-end sales processes and back-end production capabilities. Coupled with data analytics and artificial intelligence, better data-driven decisions can be made for process and product improvements.
  3. Stage 3 identifies advanced technologies that SMEs can adopt to strengthen their competitive edge.

    These include autonomous robots and drones to perform tasks such as work site monitoring or inspections. These solutions free up employees from repetitive, manual work, and provide the opportunity to take on higher-value jobs such as drone operations or robotics programming. High-risk tasks will also be reduced, making the work environment safer for the employees.

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).

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

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.

 

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(Last updated on 25 May 2021 17:58:34)