Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Singapore Unveils $100 Million Package for Marine and Offshore Engineering Sector

Credit: Aboodi vesakaran/Pexels

has introduced a $100 million support package aimed at boosting its marine and engineering industry.

The initiative will encourage partnerships and promote advancements in areas such as offshore wind, floating storage solutions, and digitalization over the next five years, according to Alvin Tan, Minister of State for Trade and Industry.

The announcement was made during OSEA 2024, a key industry event held in Singapore, which focused on accelerating the energy transition and fostering international collaboration.

During the event, experts emphasized the urgency of adopting innovative technologies like and storage (CCS), alternative fuels, and digital automation to improve efficiency and meet evolving regulatory standards.

They stressed that swift implementation of these solutions is essential for maintaining competitiveness and advancing sustainable practices in the sector.

The initiative aligns with Singapore's broader strategy to position itself as a global leader in sustainable marine and offshore engineering while addressing critical challenges in the energy transition.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use