WinGD (Winterthur Gas & Diesel Ltd) is setting up an engineering centre in Shanghai, China together with a subsidiary of CSSC (China State Shipbuilding Corporation Limited) to increase its technical capacities by 20%.

Putting in more commitment to research, innovation and product development, Wärtsilä is building the Smart Technology Hub, a new centre that will incorporate these functions as well as production, in Vaskiluoto, Vaasa. From 2020, all of Wärtsilä's functions and personnel in central Vaasa will transfer to the new hub, along with the logistics and maintenance workshop operations from Runsor.

Underscoring Singapore's commitment to R&D in the maritime sector the Singapore Maritime Institute (SMI) and Nanyang Technological University (NTU) are launching a new SGD15m ($11m) research centre.

Singapore’s multi-purpose port Jurong Port has inked a Memorandum of Understanding (MoU) with Nanyang Technological University (NTU) to testbed energy solutions.

Smart ships, which just two years ago were considered a mere R&D concept, have become the main direction for development in every major shipbuilding country, according to a Marintec China 2017 press briefing.

Rolls-Royce is focusing on the shift from mechanical to electrical and digitalisation for its marine business as it expects challenging markets to continue in 2017.

Hyundai Heavy Industries (HHI) Group is to invest $1.8bn in shipbuilding related R&D including the development of smart ships and setting up a smart shipyard.

The Maritime and Port Authority of Singapore (MPA) and classification society DNV GL have renewed and expanded on the scope a memorandum of understanding (MOU) on promoting R&D and innovation in the maritime industry.

Seven major Chinese rigbuilders have join forces to form the new China Offshore (Deepsea) Industry Alliance, or CODIA, as they seek to raise competitiveness through shared resources and keener focus on R&D.

The Maritime and Port Authority of Singapore (MPA) has committed a further SGD50m ($36.7m) to a fund for innovation and technology, bringing its war chest to a total of SGD200m.

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