Jan 24, 2021

Singapore government spotlights shipping with digital funds

Bizclik Editor
3 min
To accelerate the digitalisation of the maritime industry, Singapore government announces 80% funding of project costs
To accelerate the digitalisation of the maritime industry, Singapore government announces 80% funding of project costs...

The government of Singapore is taking an active role in the digital transformation of the country’s businesses, and since the start of 2021 has launched a number of strategic programmes and initiatives designed to support small and medium enterprises (SMEs) in updating and innovating their processes and digitally transforming their businesses. 

Shipping undergoing rapid digital transformation

In addition to the launch of a new fund designed to drive commercial adoption of 5G solutions throughout Singapore business, the government has unveiled a programme to support the maritime industry specifically in the adoption of cloud technology. 

Like all industries, shipping is one undergoing a digital transformation, and in light of the ongoing pandemic and the many challenges associated with it, this digital transformation is accelerating. 

With the aim of taking a leading role in the digital transformation of the maritime industry, the Singapore government has joined forces with the Maritime and Port Authority (MPA) of Singapore to advise shipping companies to take prompt action in the digitalisation of their processes in order to future-proof their business. 

As part of this programme, the government is providing incentivisation, and has committed to granting funding, until September 30, 2021, for maritime companies who choose innovative solutions.

The government has placed a special focus on cloud-technology, which allows companies to work remotely and collaborate regardless of location. 

Hanseaticsoft’s Cloud Fleet Manager

As part of this, the Singapore government has endorsed Hanseaticsoft’s Cloud Fleet Manager (CFM) , and is granting shipping companies in Singapore state funding of up to 80% of total project costs when choosing the cloud-based fleet management system from Hanseaticsoft.

Designed to centralise all information and drastically reduce the effort for data exchange, CFM is already recognised by Singapore ship owners, managers and agencies as one of the leading and most efficient cloud-based technical ship management solutions.

According to Alexander Buchmann, Managing Director, Hanseaticsoft , “there are huge benefits that shipping companies can realise through digitisation”.

A recent study from members of Maritime Singapore revealed that when companies digitalise their processes, they increase performance, focus more deeply on innovation, and create more value.

Hanseaticsoft: expertise in shipping software

Founded in 2009, and now part of the Lloyd’s Register Group, Hanseaticsoft has realised a software concept that gives enterprises access to new and efficient technologies by means of intuitive software solutions.

A web-based all-in-one software solution for shipping companies, Cloud Fleet Manager offers a single, cloud-based source of truth for all employees as well as the crews at sea and external partners, centralising all information and drastically reducing the effort for data exchange. 

The cloud-based design of the application gives businesses the freedom to use it anytime, anywhere and browser-independent, even on a smartphone. Cloud Fleet Manager offers tailor-made applications for all different departments of the company and increases collaboration, streamlines processes and can be used intuitively.

Share article

Jul 17, 2021

Coal India Secures First-Of-Its-Kind Digital Deal

2 min
Coal India Limited has secured a new deal with Accenture Solutions to consult on enhancing mining performance and production through a digital endeavour

Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.

The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity. 

The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation. 

An Exciting Venture For Global Mining

CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost. 

“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said. 

A Digital Step Towards Enhanced Performance

Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.  

“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining. 

It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.

Share article