What are the schemes implemented by MPA which are available for the port and maritime community ?
MPA has implemented the following schemes: (i) Maritime Cluster Fund to facilitate the enhancement of local expertise in maritime services that are high value-added and knowledge-based such as ship management, ship financing, ship brokering/chartering, maritime law/arbitration, port terminal management and marine engineering. Please visit our website for more details.
(ii) Maritime Innovation and Technology (MINT) Fund to enhance maritime research and development capabilities in the tertiary and research institutes and to develop the maritime technology industry in Singapore. Please visit our website for more details.
(iii) Maritime Enterprise IT Development (MERIT) programme to enhance the IT capabilities of local maritime SMEs and increase the competitive advantage of the smaller players in the maritime value chain. Please visit our website for more details.
What are the total business spending and headcount
requirements under the MSI?
The applicant is required to meet the following
International Shipping Enterprise Award
S$5mil per annum
Leasing (Ship) Award
S$25mil over 5 years
MSI–Maritime Leasing (Container) Award
S$12mil over 5 years
S$8mil over 5 years
MSI–Shipping-related Support Services Award
Incremental S$6mil over 5 years