More options will be opened up to people interested in joining the shipping industry with the signing of a memorandum of understanding (MOU).
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 ([email protected]) 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. 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, [email protected] academic director said: 'Through our partnership with ICS, [email protected] hopes to reach out to the shipping fraternity which forms a crucial link in the international trading value chain.'