Issue Nine – February 2014
2014 started out well, with the general market sentiment being that the shipping sector is starting to see the light at the end of the tunnel. And it was on this positive note that SMF renewed its leadership at our new year cocktail reception on 7 January, where we also celebrated SMF’s 10th year anniversary.

Five members of the Board joined me in extending our term of service: Mr Goh Teik Poh, Chairman of the Maritime Industry Advisory Council, Singapore Polytechnic; Mr Patrick Phoon, Deputy Managing Director, Evergreen Shipping Agency (Singapore) Pte Ltd; Mr Wong Weng Sun, President & CEO, Sembcorp Marine Ltd; Mr Henry C. Mytton-Mills, Managing Director, Aries Shipbroking (Asia) Pte Ltd; and Mrs Gina Lee-Wan, Partner, Allen & Gledhill LLP.

We also welcomed four new members: Mr Andrew Tan, Chief Executive of the Maritime and Port Authority of Singapore (MPA); Mr Andreas Sohmen-Pao, Chief Executive Officer of BW Maritime Pte Ltd; Mr Tan Puay Hin, Regional CEO, Southeast Asia of PSA International Pte Ltd; and Mr Lee Keng Mun, Head of Shipping Asia of HSH Nordbank AG.

At this juncture, I would also like to take this opportunity to express my gratitude to Mr Lam Yi Young and Mr Erik Borgen, who stepped down at the end of 2013, for their years of contributions to SMF.

Even as we celebrate the progress made in the past decade since the SMF was started on 27 January 2004 with the aim of forging a strong partnership between the public and private sectors, and to support the government’s objective of promoting Singapore as an International Maritime Centre, we also look forward to doing more to serve the maritime community, and to boost the development of Singapore’s maritime industry.

One event to look out for this year is the inaugural Offshore Marine Forum to be held from 28th to 29th May, a follow-on from the successful seminar held during Sea Asia 2013. Later in June, SMF, together with the Association of Singapore Marine Industries, will fly the Singapore flag high once again at Posidonia as we lead a contingent of Singapore-based maritime companies to Athens, Greece. SMF is also collaborating with the Baltic and International Maritime Council (BIMCO) and the Association of Ship Brokers and Agents (ASBA) to revise the NYPE Form – the industry’s most widely used standard form of dry cargo time charter party, to reflect changes in commercial practice and recent legal decisions.

In addition, SMF continues its efforts in attracting more young people to the maritime industry. In August 2013, we presented a record number of 42 MaritimeONE Scholarships. This brings it to a total of 160 MaritimeONE Scholarships valued at over S$4.3 million that have been offered to outstanding students since 2007 to pursue maritime-related courses in Singapore and overseas. There are over 20 maritime courses supported and we hope that more maritime partners could come on board so we could build on this maritime talent development initiative. SMF has also signed a Memorandum of Understanding with MPA and the Singapore Scout Association to establish the Youth Maritime Advisory Board (YMAB), and I look forward to seeing the fruits from this initiative to promote maritime awareness and youth outreach even more.

Last but not least, a big thank you to all our working partners for your great contribution towards SMF and we look forward to your continuous support for initiatives to benefit Maritime Singapore.

With best wishes,

Michael Chia
Singapore Maritime Foundation