Singapore Maritime Foundation Raises Over $500,000 for MaritimeONE Scholarships and Bursaries at the SMF City Cycle 2024 to Mark 20th Anniversary

April 13, 2024

The event brings the Maritime Singapore community together to foster industry cohesion while building the talent pool

Singapore, 13 April 2024 —The Singapore Maritime Foundation (SMF) today held the SMF City Cycle 2024 to mark 20 years of building strong public-private partnerships. Themed “Bringing Maritime Singapore Together”, the SMF City Cycle event saw 68 maritime organisations across the industry and unions collectively contribute $542,000 towards nurturing the next generation of maritime talent (refer to Annex A for the full list of sponsors).

Mr. Baey Yam Keng, Senior Parliamentary Secretary, Ministry of Transport & Ministry of Sustainability and the Environment, graced the event as the Guest-of-Honor and officiated the flag off together with SMF Chairman Mr. Hor Weng Yew.

Nearly 150 participants attended the SMF City Cycle 2024, which took them across Singapore’s scenic eastern coastline beginning and ending at PAssion Wave @ Marina Bay for a route of approximately 20km. The participants comprised both industry veterans and 20 MaritimeONE scholars from various disciplines and institutes of higher learning who reflect the diverse and transforming nature of Maritime Singapore.

“The SMF City Cycle brings Maritime Singapore together for a cause that the community cares deeply about. On behalf of the SMF Board, I thank all the sponsors for generously contributing to the creation of more MaritimeONE scholarships and bursaries to expand the talent pool for the industry, which must continue and is essential to the transformation of the sector” said Mr. Hor Weng Yew, Chairman, Singapore Maritime Foundation.

SMF Chairman thanks the event sponsors for their generous contributions in his opening remarks.
SPS Baey encourages the MaritimeONE scholars to excel in their studies, and find opportunities to give back to the maritime community.
MaritimeONE scholars with SPS Baey and SMF Board Members.


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


Media Contacts:

David Lee
+65 9119 8044

Joshua Ong
+65 9011 6304


Annex A- Full List of Sponsors

2A.P. Moller Maersk
3Baltic Exchange
4Bernhard Schulte Shipmanagement
5BHP Billiton Freight Singapore
6Bureau Veritas Marine
7BW Epic Kosan
8BW Group
11Cargill Ocean Transportation
12Columbia Shipmanagement
14Drylog Services
15Eastern Pacific Shipping
16Emirates Shipping Line
17Eurofin Group
18Evergreen Marine
19Executive Ship Management
21Gard AS
22Gram Car Carriers
25Hong Lam Marine
26Howe Robinson Partners
27Iseaco Shipmanagement
28Jaldhi Overseas
29Kumiai Navigation
30Lloyd’s Register
31Lugano Shipping
32Maran Ship Supplies
33Micyln Express Offshore (MEO) Group
34Mitsui O.S.K. Lines
35Maritime and Port Authority of Singapore
36Nortrans Offshore
38Ocean Network Express
39Oldendorff Carriers
40PACC Offshore Services Holdings (POSH)
41Pacific Carriers Limited
42Pacific International Lines
43Pavilion Energy
44Pertamina International Shipping
45Petredec Global Shipping
46PSA International
48Scorpa Pranedya
50Singapore Maritime Officers’ Union
51Singapore Organisation of Seamen
52Singapore Shipping Association
53SU Navigation
54Swire Bulk
55Swire Shipping
56Synergy Marine Group
57Tai Chong Cheang Steamship Co
58The Standard Club Asia
60Transport Capital
61Transworld Group Singapore
62Vitol International Shipping
63Wartsila Singapore
64Western Shipping
65Wilhelmsen Ship Management
66X-Press Feeders
67Yinson GreenTech

About the Singapore Maritime Foundation

Established in 2004, the Singapore Maritime Foundation (SMF) 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 

Media Contacts

David Lee
+65 9119 8044

Joshua Ong
+65 9011 6304


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Students from the Singapore Management University and Nanyang Polytechnic were announced as winners of the challenges posed by Eastport Maritime, Kanda and Torvald Klaveness at the Prize Presentation held on 13 November 2021.

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SMF New Year Conversations 2022: Year-in-Perspective Video

The past two years of learning to live with Covid-19 has been challenging, but Maritime Singapore has remained resilient. What are the fundamental tenets that attract companies to anchor their business in Singapore and grow their operations here? And what more can be done to leverage on Singapore’s strengths to enhance its attractiveness as a global business hub for maritime companies? How will the Singapore Maritime Foundation organize its work around Connectivity, Innovation and Talent to strengthen the maritime ecosystem? Find out in this Year-in-Perspective video.

SMF New Year Conversations 2022: Opportunities Amid Disruptions

The 2022 SMF New Year Conversations that took place on 13 January 2022 was graced by Guest-of-Honour Mr S Iswaran, Minister for Transport & Minister-in-charge of Trade Relations. Over 250 industry leaders across the breadth of maritime attended physically and virtually.
Singapore was announced to have secured the overall top spot as an international maritime centre for the fifth consecutive time in the DNV-Menon Leading Maritime Cities 2022 report.
Thank you to our industry partners for your strong support.

Mr. Lars Kastrup


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


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


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


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.