Maritime industry must invest in new capabilities amid cyberthreats, AI adoption: Jeffrey Siow
Challenges – such as the growing tech gap – extend beyond the flow of goods through the world’s waterways
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[SINGAPORE] The maritime industry must work together and invest in new capabilities to address challenges such as cyberthreats, artificial intelligence adoption and the transition to alternative fuels, said Acting Minister for Transport Jeffrey Siow on Tuesday (Apr 21).
In his opening remarks delivered to open the 20th Singapore Maritime Week, he noted that the industry faces challenges other than the threat to moving goods freely through the world’s waterways.
Siow, who is also senior minister of state for finance, cited as an example the widening technology gap.
“Addressing these long-term challenges will require a global commitment”
Singapore is responding and contributing to the global effort by investing in new capabilities, he added. Among the Republic’s initiatives is Oceans-X, a platform to facilitate data exchange between regulators, port operators, shipping lines and other international partners.
Siow also announced the launch of the next Singapore Maritime Technology & Research Roadmap, which will guide future R&D in areas such as autonomous port operations, alternative fuels and smart ships.
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Singapore is committing over S$100 million over the next five years to fund these R&D initiatives.
Centred on the theme of “Actions Meet Ambition”, this year’s Singapore Maritime Week brings together more than 20,000 participants from close to 80 countries and regions, including ministers, senior government officials, industry leaders and maritime professionals.
Siow will host a ministerial roundtable convening ministers and heads of maritime organisations from 10 countries to discuss collective actions on sustainability, digitalisation and regulatory cooperation.
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Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong delivered the Singapore Maritime Lecture at the opening of the event held at Suntec Singapore Convention and Exhibition Centre.
Singapore Maritime Week is organised by the Maritime and Port Authority of Singapore and runs until Friday.
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