Singapore to invest over S$100 million in maritime research and development over next five years

The roadmap, launched by the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute, builds on the foundation of a 2019 roadmap for the sector.

The move comes as MPA and the Singapore Shipping Association signed a memorandum of understanding to speed up the adoption of artificial intelligence among maritime companies to boost productivity and competitiveness.

Mr Siow said that the maritime industry continues to face a range of challenges, including:

• Cyber threats evolving faster than existing defences
• AI advancing faster than industry adoption 
• A fragmented transition to alternative fuels, with gaps in technology, bunkering infrastructure and regulatory frameworks.

“Addressing these long-term challenges will require a global commitment,” said Mr Siow.