TOC EventsMultimodal 2022Cleveland Cascades LtdPort of StocktonCimbriaVigan
  • Vigan
  • Cimbria
  • Port of South Louisiana
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Cleveland Cascades Ltd
  • Telestack

Pioneering SSA project to transform registries

(Posted on 15/10/19)

Confirming Singapore’s position as an international hub for innovation, the Singapore Shipping Association (SSA) is working with the world’s largest business organisation, the International Chamber of Commerce (ICC) and pioneering Singapore tech start-up Perlin, to build an advanced digital blockchain ship registration preparation system for international adoption.

Called the International E-Registry of Ships (IERS), it is an entirely new digital blockchain-based solution to streamline, standardize and drastically improve the currently laborious ship registration and renewal process. Immediate advantages will include very significant reductions in operating costs, timing required, human error and fraud.

“The Singapore flag is already a nexus for global maritime trade and innovation. The Singapore Shipping Association has been actively encouraging and promoting the adoption of new technologies to navigate the future of shipping. This opportunity to collaborate with the ICC and Perlin to co-create the world’s first blockchain system for preparation of ship registration not only brings solid efficiency gains and cost savings for our members but also the wider global maritime community,” said Steen Brodsgaard Lund, SSA Council Member and Chairman of the Digital Transformation Committee.

Singapore is the fifth largest registry in the world with a fleet of around 4,500 ships amounting to 91 million gross tons. Such collaboration may have the potential to improve the efficiency of the ship registration process for the Singapore flag, which is currently done via the Marinet web portal. Such a solution will also benefit other ship registries who are using manual and paper-based processes.

The Maritime and Port Authority of Singapore (MPA) is supporting this industry-led initiative through knowledge sharing of the IERS ship registration process and exploration of an open Application Programming Interface (API) interface in the registration process.

“MPA is heartened that SSA is galvanising the maritime industry to come together to leverage relevant technologies to streamline the preparation process in ship registration. We are happy to show our support to such initiatives which can bring greater efficiencies to the shipping industry,” said Ms Quah Ley Hoon, Chief Executive of the Marine and Port Authority of Singapore.

Essentially, the IERS will be powered by Perlin’s pioneering Wavelet Protocol to create a blockchain E-register powered by self-executing smart contracts, a streamlined relationship management platform, and vastly simplified data entry user systems. Automated document checking and API integration from trusted data sources will also render inefficient manual systems currently used effectively obsolete.

“As a blockchain company focused on harnessing positive technological disruption, we are greatly honoured to be working with key partners like the ICC, MPA, SSA, and shipping companies to ensure Singapore remains at the forefront of digital innovation in port and maritime infrastructure. Using our pioneering Wavelet Protocol, the most performant public blockchain in the world, we can make the new IERS a world standard for best practice,” explained Dorjee Sun, Chief Executive Officer of Perlin.

Once successfully implemented in Singapore, the ICC will provide active and ongoing support for global adoption of the IERS standards, systems and technology developed by Perlin among its vast international network of members, affiliated chambers and other business networks. The ICC will also assist with the submission of Singapore’s IERS in all international government tenders.

Latest News

DNV report: Hydrogen at risk of being the great missed opportunity

(Posted on 20/06/22)

Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too... Read more


Aurus and Columbia join forces as ‘Columbia Aurus Ship Management’ India

(Posted on 20/06/22)

Columbia Aurus Ship Management will tap into the Indian crewing market to further consolidate Columbia... Read more


Governments must share emissions target load, warns INTERCARGO

(Posted on 12/06/22)

It would be a mistake to place responsibility for meeting IMO’s zero emission shipping targets... Read more


New BV partnership to advance augmented ship services

(Posted on 12/06/22)

Bureau Veritas (BV), one of the world’s leading ship classification societies, Laskaridis Shipping... Read more


Plakiotakis: financing decarbonisation needs creative solutions

(Posted on 08/06/22)

Shipping is required to face the complex challenges placed by the progressively stricter IMO and EU... Read more


AXSMarine selected for provision of training software

(Posted on 08/06/22)

 AXSMarine, a leading provider of SaaS shipping software and data for Dry Bulk, Tanker, and Container... Read more


CSM takes vessel twinning to new level

(Posted on 08/06/22)

Columbia Shipmanagement (CSM) has once again pushed industry boundaries by creating a totally SMART... Read more


StormGeo announces CII Simulator to advance shipping decarbonization

(Posted on 03/06/22)

StormGeo, a leading provider of weather intelligence and decision-support solutions for the shipping... Read more


Survitec’s Head Start to mitigate safety risks for shipowners

(Posted on 31/05/22)

Survival Technology specialist Survitec has introduced a unique approach to ensure shipowners are fully... Read more


Damen to supply second Combi Freighter to Elbe-Ems

(Posted on 31/05/22)

Shipping company Elbe-Ems has ordered a second Combi Freighter 3850 (CF 3850) from Damen Shipyards,... Read more


Sailors SocietyTelestackBühler GmbHTBA GroupPort of South LouisianaVan Aalst
  • Van Aalst
  • Bühler GmbH
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping