The Maritime and Port Authority of Singapore (MPA) is rolling out a series of new manpower schemes to attract, develop and retain local talent in the maritime sector.
The Government will set aside S$12 million over the next two years to roll out a series of manpower schemes.
Some 5,000 individuals are expected to benefit from the new manpower schemes, which will be rolled out progressively from May 1, 2016.
A Maritime Career Conversion scheme will help Singaporeans and permanent residents re-skill in order to take on good jobs in the maritime industry. It will co-fund a structured training programme for the participants and their wages for the first six months, with the target to benefit 100 to 120 individuals with no industry background in two years.
Internship Reimbursement scheme (IRS) will seek to offer incentives to maritime companies to provide local students with internship opportunities.
Over two years, some 1,600 students are expected to take up these opportunities and their allowance will be 50 per cent co-funded by the MPA, up to a cap of $400 per month.
The Maritime and Port Authority of Singapore (MPA) will commit an extra S$50 million to the Maritime Innovation and Technology (MINT) fund, bringing its total amount to S$200 million, and extend its term to 2021.