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Five Takeaways from Discover+: Maritime Webinar

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The Singapore Maritime Foundation (SMF) and Advisory Singapore co-organised the Discover+: Maritime webinar on 18 January 2022. The webinar highlighted sustainability initiatives and opportunities in maritime and featured the following speakers:
  • Mr David Lee, Senior Manager, Corporate Communications & Development and Maritime Singapore Connect (MSC) Office, SMF (moderator)
  • Mr Chih Chwen Heng, Director of Shipping Finance, Standard Chartered
  • Ms Sarah Greenough, Head of Maritime Sustainability and Supply Chain Excellence BHP
  • Ms Shirley Poo, Head of Communications & Sustainability, CMA CGM Asia Pacific
  • Mr Victor Tan, Executive Vice President (Asia Global Logistics), Toll Group
Missed the session? Let us share five takeaways:
It is possible to be commercially successful yet sustainable
There is a misconception that building a profitable business must come at an environmental cost. However, this is not a zero-sum game, and it is possible to simultaneously pursue economic gains while protecting the earth.
With the increasing awareness around sustainability, organisations–especially shipping companies–are aware of their impact, and desire to do good. Besides openly declaring their commitment to tackling climate change, maritime organisations are putting their words into action by investing in technology that will drive efficient business processes. Such efforts ensure that the emissions regulations and standards set by the International Maritime Organisation (IMO) are adhered to.
Nonetheless, change cannot be driven by a single organisation and requires an industry-wide effort. Collaboration and cooperation between business partners are pre-requisites of achieving sustainable outcomes. Standard Chartered, for example, is dedicated to achieving net-zero carbon emissions from its financial activities by 2050. They are eager to support clients who are able to show that they have a concrete decarbonisation plan.
Technology As an Enabler of Sustainability
Digitalisation has the potential to accelerate maritime decarbonisation. Today, data-driven insights enable greater efficiency gains on ships as well as at ports. Advancements in science and technology will also catalyse shipping’s quest for greener fuels of the future.
Maritime is a collegial industry
Besides exciting developments such as digitalisation and sustainability, young talent can look forward to being part of a warm and welcoming industry. Maritime is a tightly knit community, having a curious mindset and forging strong industry bonds will bring one far.
Sustainability is an attitude
Sustainability is both a skill and an attitude. While there may not be a specific degree on sustainability in Singapore, it is always possible to train on the job (as a sustainability practitioner) as fundamental skills such as programme management are transferable.
Opportunities abound in maritime
The maritime industry in Singapore is a dynamic ecosystem that comprises shipping as well as adjacent services such as finance, law, insurance, and more. Maritime is also part of a broader logistics and supply chain system that ensures that vital goods and supplies continue to reach economies around the world, allowing us to live our lives as normally as possible despite severe disruptions caused by the COVID-19 pandemic. In this thriving ecosystem, career opportunities abound.
Want to design sustainable solutions for maritime? Here is your chance to do so through the MSC Maritime Case Summit Challenge where you will also stand a chance to secure internships with leading maritime firms and win attractive cash prizes!
Register your interest today
https://docs.google.com/forms/d/e/1FAIpQLSeK_aSkg78yRgL0gLg7h8mqRSVcBwL7kJPZLEl6fdiFv3n5QA/viewform

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Ms. Teo has spent over three decades in maritime finance. Prior to OCBC, Ms. Teo was working at ING Bank, ABN Amro and DnB in Singapore focusing on maritime and offshore.
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