Singapore will grant funding for Singapore-based shipping companies to digitalize their operations, in efforts to support small and medium enterprises to update and innovate their processes.
Accordingly, Lloyd’s Register notes that eligible companies can secure grants of up to 80% of total project costs and Cloud Fleet Manager from Hanseaticsoft, part of the Lloyd’s Register Group, is among the solutions that has been endorsed by the Singapore Government.
Referring to a study published by Maritime Singapore, LR notes that digitalization must be on the agenda for shipping companies to ‘future-proof’ business. Companies that digitalise their processes, increase their performance, focus more deeply on innovation, and create more value.
Alexander Buchmann, Hanseaticsoft CEO explained that
We are delighted that Cloud Fleet Manager has been endorsed by the Singapore government. It has long been recognised by local ship owners, managers and agencies as one of the leading and most efficient cloud-based technical ship management solutions.
In addition, LR’s Maritime Performance Services Director, Andy McKeran, stated that the funding program is a great opportunity for Singapore-based shipping companies and their future in the digital world. She added that Hanseaticsoft, Lloyd’s Register, is committed to accelerating the digital transition of the maritime industry. Cloud Fleet Manager’s cloud-based all-in-one suit of software is the ideal solution for companies looking to digitalize and optimize their operations.
It is highlighted that the support will remain in place until 30 September 2021.