Singapore Maritime Foundation and Mitsui O.S.K. Lines, Ltd. Strengthen Partnership to Develop Maritime-ready Tertiary Talent Pool

November 28, 2024

Mitsui O.S.K. Lines joins hands with SMF to nurture young maritime talent through MaritimeONE Scholarships over a three-year period

Singapore, 28 November 2024 —The Singapore Maritime Foundation (SMF) and Mitsui O.S.K. Lines, Ltd. (MOL) yesterday signed a Memorandum of Understanding (MOU) to enhance cooperation in developing a talent pipeline for the maritime industry through the MaritimeONE Scholarship Programme.

Under this partnership, MOL aims to offer at least two (2) MaritimeONE Scholarships (including applicable overseas exchange programme) per year over a three (3)-year period from 2025 – 2027. SMF will drive and market the MaritimeONE Scholarships targeted at the talent pool in Singapore’s public institutes of higher learning.

“On behalf of the Singapore Maritime Foundation Board, I thank MOL for sharing in our collective mission to attract, engage and grow a maritime-ready talent pool. I am confident that this MOU is the start of deeper and sustained cooperation between both organisations for the collective good of Maritime Singapore,” said Mr. Hor Weng Yew, Chairman, Singapore Maritime Foundation.

“MOL group’s initiatives for Human Capital closely aligns with SMF’s Mission Statement, both in promoting talent, manpower and innovation in the maritime industry. In signing this MOU with SMF, we make clear our intent to honor our commitment, to enhance maritime human capital in Singapore,” said Mr. Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, Ltd.

The MOU was signed by Mr. Hor Weng Yew, Chairman, Singapore Maritime Foundation and Mr. Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, Ltd.

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About the Singapore Maritime Foundation (SMF)

Established in 2004, the Singapore Maritime Foundation is a conduit between the public and private sectors to accomplish the twin mission of developing and promoting Singapore as an International Maritime Centre (IMC); and to attract, engage and grow a talent pipeline to position Maritime Singapore for continued growth. For details, visit https://www.smf.com.sg/

About Mitsui O.S.K. Lines, Ltd. (MOL)

MOL is a leading shipping company, operating on a global scale with about 900 vessels in service. The MOL fleet includes dry cargo ships, LNG carriers, car carriers, and tankers. In addition to the traditional shipping businesses, MOL group also offers offshore business, offshore wind power, ferry, cruise, real property, logistics and so on. With one of the largest merchant fleets and 140 years of history, experience, and technology, MOL will make a leap forward to become a global social infrastructure company, sustain people’s lives and meet the evolving social needs including environmental conservation.

Media Contacts

David Lee
davidlee@sgmf.com.sg
+65 9119 8044

Soh Zheng Xun
sohzhengxun@sgmf.com.sg
+65 8120 2276

Mitsui O.S.K. Lines, Ltd. Corporate Communication Division, Media Relations Team
mrtmo@molgroup.com
+81-3-3587-7015

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Mr. Lars Kastrup

CHIEF EXECUTIVE OFFICER, PACIFIC INTERNATIONAL LINES

Mr. Lars Kastrup is the Chief Executive Officer of Pacific International Lines (Pte) Ltd (PIL).

Prior to joining PIL, Mr. Kastrup was CEO of NOL/APL, and subsequently assumed the role of Executive Vice President, Strategy and M&A at CMA CGM Group. A veteran in the global shipping industry with over 30 years of experience, Mr Kastrup’s other roles include Executive Vice President of Assets at CMA CGM Group heading up CMA Terminals, CMA Ships, Container Logistics as well as regional carriers such as MacAndrews, OPDR and Mercosul; as well as Vice President at AP Moller-Maersk.
Mr. Kastrup complemented his tertiary education with leadership and management training at Penn State University and The Wharton School at the University of Pennsylvania.

Ms. Angeline Teo

MANAGING DIRECTOR & HEAD, GLOBAL TRANSPORTATION & OFFSHORE, OCBC BANK

Ms. Angeline Teo is the Managing Director and Head of Global Transportation and Offshore, Global Corporate Banking at OCBC Bank which focuses on the maritime, aviation, land & port ecosystems.
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.
Ms. Teo graduated from the National University of Singapore with a degree in Business Administration.

Mr. John Martin

CHIEF EXECUTIVE OFFICER, GARD SINGAPORE

Mr. John Martin began his career in London in 1989 with Richards Hogg Lindley Average Adjusters, and qualified as a Fellow of the UK Association of Average Adjusters in 2000.
At RHL he worked in their offices in Australia, Taiwan and Hong Kong. In 2003 he joined Gard Hong Kong, as a claims handler. Mr. Martin also worked in Gard Japan, and in 2014 he moved to Singapore to set up the Gard Singapore office.
Besides running Gard Singapore, Mr. Martin also heads the P&I and H&M claims units and is the Senior Claims Representative for Gard in Asia.

Mr. Cyril Ducau

CHIEF EXECUTIVE OFFICER, EASTERN PACIFIC SHIPPING

Mr. Cyril Ducau is the Chief Executive Officer of Eastern Pacific Shipping Pte Ltd, a leading shipping company headquartered in Singapore for the past 30 years.

He is also currently the Chairman of Kenon Holdings Ltd and a member of the board of directors of Gard P&I (Bermuda) Ltd. and of the Global Centre for Maritime Decarbonisation Limited, which was established by the Maritime and Port Authority of Singapore. He was previously Head of Business Development of Quantum Pacific Advisory Limited in London from 2008 to 2012 and acted as Director and Chairman of Pacific Drilling SA between 2011 and 2018.
Prior to joining Quantum Pacific Advisory Limited, Mr. Ducau was Vice President in the Investment Banking Division of Morgan Stanley & Co. International Ltd. in London between 2000 and 2008.
Mr. Ducau graduated from ESCP Europe Business School (Paris, Oxford, Berlin) and holds a Master of Science in business administration and a Diplom Kaufmann.