SINGAPORE: A centre aimed at sustaining Singapore's leadership position in the marine and offshore engineering sector was launched on Monday (Oct 31) by the Agency for Science, Technology and Research (A*STAR) and the National University of Singapore (NUS).
The Technology Centre for Offshore and Marine Singapore (TCOMS), a joint venture between A*STAR and NUS, hopes to provide state-of-the-art research and development (R&D) facilities for the industry.
One of these facilities will be the Deepwater Ocean Basin, which is currently being constructed in NUS and is expected to be completed in 2019. This facility will be able to simulate harsh ocean environments and facilitate the development of concepts such as intelligent floating platforms and subsea systems, they said.
Speaking at the launch of TCOMS, Minister for Trade and Industry (Industry) S Iswaran acknowledged that the launch comes at a time when the marine and offshore engineering sector is facing headwinds.
However, he added: "We cannot hold back this restructuring, both to cope with the downturn and to prepare for future opportunities. Yet it is also essential that, in this transition process, the industry does not lose key capabilities that have been developed over the years, and can be built upon for future growth.
"Even as we grapple with today's real challenges in the marine and offshore engineering sector, we should continue to build capabilities for the long term and be ready for the next upscale."