Senior Minister of State for Finance and Transport Mrs Josephine Teo Outlines Singapore’s Strategy for Continued Growth as a Premier Global Hub Port & Leading International Maritime Centre at the Inaugural Singapore Maritime Dialogue Involving 200 Students

06 June 2014

About 200 students had the chance to hear from, and pose questions, to a panel consisting of Mrs Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport, and four other senior maritime leaders1 at the inaugural Singapore Maritime Dialogue today. The event, held at the InterContinental Singapore, engaged students from various junior colleges and polytechnics on key issues relating to the Singapore maritime industry, and the Government’s plans for the continued growth of an industry contributing to some seven per cent of Singapore’s Gross Domestic Product.

The Guest-of-Honour, Mrs Josephine Teo, spoke on the importance of the maritime industry to Singapore’s economy, and its international accomplishments – as one of the world’s busiest ports and largest container transhipment hub, a leading International Maritime Centre, and world leader in offshore and marine engineering.

She also highlighted the diverse range of maritime education and scholarship opportunities available to students, and urged them to consider a career in the maritime industry.

With Asia being a major engine of global economic growth and trade, Singapore is well-positioned to grow in relevance alongside Asian shipping. We invite young Singaporeans to uncover the treasure trove of opportunities and be part of a new generation to shape the next chapter of Maritime Singapore.

Mrs. Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport

The one-hour dialogue and Q&A session between the students and dialogue panellists covered a wide range of issues pertinent to the maritime industry. The growing global competition and the Singapore government’s commitment to the maritime industry through investments in manpower and infrastructure, as well as Singapore’s manpower policies on developing local manpower and talent, and providing quality job opportunities for locals, were among the topics discussed. Other issues of interest for the students included the options for maritime education, scholarship and careers in Singapore.

The Singapore Maritime Dialogue is one of the activities under MaritimeONE, an initiative by the Maritime and Port Authority of Singapore under the Ministry of Transport, and three other leading industry associations (Singapore Maritime Foundation, Singapore Shipping Association and the Association of Singapore Marine Industries).

Said Mr Michael Chia, Chairman of the Singapore Maritime Foundation (SMF) and MaritimeONE, “The maritime industry is not top-of-mind for most people although it is very relevant to our daily lives since shipping transports almost everything we use and consume. We need to change that, and through the efforts of MaritimeONE over the years, we have made headway in raising the awareness of our young people through various initiatives, including career fairs, school talks and events like the Singapore Maritime Dialogue.”

Mr Liu Xuanyi, student moderator at the Singapore Maritime Dialogue, and MaritimeONE scholar pursuing a double degree programme in Law & Business Management at the Singapore Management University, had this to say about his choice of a career in maritime: “I am drawn to the maritime industry’s dynamism and diverse workforce, which offers me the chance to meet and learn from professionals from all over the world. After I graduate, one of my plans is to practice as a ship finance lawyer because it combines my love for law with my keen interest in the maritime industry. This would not just be a job for me. It would be a career that I look forward to, and I believe that my work will play a part in the growth of Singapore’s maritime industry.”

Shipping moves 90 per cent of world trade so it plays an important role in the global economy. Closer to home, the Singapore maritime industry is a key pillar of our nation’s economy, contributing some seven per cent to our Gross Domestic Product. There are more than 5,000 maritime establishments employing more than 170,000 personnel. Hence, students have a wide variety of choices in maritime education, scholarship and career opportunities.

1 The dialogue panellists comprised Mrs Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport; Mr Andrew Tan, Chief Executive, Maritime and Port Authority of Singapore; Mr Michael Chia, Chairman, Singapore Maritime Foundation & MaritimeONE; Mr Patrick Phoon, President, Singapore Shipping Association; and Mr Freddie Woo, Vice President, Association of Singapore Marine Industries.

About Singapore Maritime Foundation

The Singapore Maritime Foundation (SMF) was established on 27 January 2004 to facilitate dialogue and cooperation among maritime stakeholders from the public and private sectors. As the bridge between the public and private sectors, SMF aims to provide the industry with a clear and representative voice, and spearhead projects to boost its development.

SMF also organises and participates in a host of maritime events to strengthen the Maritime Singapore brand. To date, SMF has significantly benefitted from strong support from all sectors of the industry which has enabled the organisation to reach out directly to the community for new areas of work to improve the current maritime ecosystem.

For details, please visit www.smf.com.sg.

About MaritimeONE

MaritimeONE (Outreach NEtwork) is the key manpower initiative for maritime stakeholders to collectively raise awareness of the maritime industry as well as to profile education and career opportunities for students and committed individuals.

The initiative was launched in April 2007 by the Maritime and Port Authority of Singapore (MPA), Singapore Maritime Foundation (SMF), Association of Singapore Marine Industries (ASMI) and Singapore Shipping Association (SSA). Partnership activities include industry awareness talks, scholarship offers, student outreach events and regular networking events for employers and tertiary students.

Media Contacts

Singapore Maritime Foundation
Regina Lim
Senior Manager
(65) 6325 0227
Cheryl Lim
Executive
(65) 6325 0226

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