More options will be opened up to people interested in joining the shipping industry with the signing of a memorandum of understanding (MOU), for the training of industry professionals, between the international body representing professional shipbrokers,

managers and agents, Institute of Chartered Shipbrokers (ICS) and the
International Trading Institute at the Singapore Management University
(ITI@SMU) yesterday.

A key initiative under the MOU is developing the new ICS-ITI
Professional Shipping Programme, which is modelled after the existing
ICS distance learning tutorship programme and prepares candidates to
take the professional qualifying examinations or the foundation diploma
conferred by ICS.

The ICS certification is the only globally recognised professional
qualification in the shipping industry. Courses to be offered include
Shipping Business, Ship Sale and Purchase and Tanker Chartering.
Applications can be made through ITI@SMU at www.smu.edu.sg/centres/iti.
A course fee subsidy of up to 60 per cent is available from the
Maritime and Port Authority of Singapore’s Maritime Cluster Fund.

In addition to providing a slate of professional education courses for
the industry, the cooperation will also bring in guest lecturers and
speakers for talks open to industry and SMU undergraduates who are
enrolled in the International Trading Track under the Bachelor of
Business Management (Finance major) degree programme.

The two organisations have been in a partnership since January to
jointly develop and deliver shipping-related courses with the objective
of raising professional standards across the shipping industry

‘This joint initiative would make the professional qualification more
accessible to residents of Singapore and the region. It will be a step
in the right direction in achieving Singapore’s vision to be an
international maritime centre,’ said ICS chairman Captain Subhangshu
Dutt.

Meanwhile associate professor Annie Koh, ITI@SMU academic director
said: ‘Through our partnership with ICS, ITI@SMU hopes to reach out to
the shipping fraternity which forms a crucial link in the international
trading value chain.’

Source: Business Singapore

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