Pacific Carriers gives S$1 million to fund maritime education for financially disadvantaged students

The MaritimeONE Bursary Fund provides support to students coming from financially disadvantaged backgrounds, ensuring that the doors to a quality education remain open to all Singapore Citizens and Singapore Permanent Residents, while expanding the talent pool for the maritime sector.

The Singapore Maritime Foundation (SMF) announced the launch of the MaritimeONE Bursary Fund, with the first gift of S$1 million from Pacific Carriers Limited (PCL) on the occasion of the shipping company’s 50th anniversary celebration on 26 June.

The MaritimeONE Bursary Fund, to be administered by the Singapore Maritime Foundation in cooperation with Singapore’s public universities, polytechnics and the Institute of Technical Education, will be awarded to academically qualified Singapore Citizens and Singapore Permanent Residents from financially disadvantaged backgrounds who are pursuing maritime-related studies or who intend to pursue a career in maritime.

Tan Beng Tee, Executive Director, Singapore Maritime Foundation, said: “We are honored to launch the MaritimeONE Bursary Fund with a S$1 million gift from Pacific Carriers Limited. The MaritimeONE Bursaries level the playing field by ensuring that no academically qualified student is denied the opportunity of a quality education due to financial difficulties. The MaritimeONE platform signifies the maritime industry coming together as one to nurture a pipeline of talent.

“The MaritimeONE Bursaries augment the Foundation’s suite of talent development programs including the MaritimeONE Scholarships, the MaritimeONE Internships, MaritimeONE Case Competitions, and the MaritimeONE Career Portal, which have all been developed in partnership with the industry.

Hor Weng Yew, Managing Director and Chief Executive Officer of Pacific Carriers Limited and Chairman of Singapore Maritime Foundation, said: “As we commemorate our 50th anniversary, Pacific Carriers Limited (PCL) is not only reflecting on our achievements but also recognizing the importance of giving back to the community. 

“We are delighted to make a contribution of S$1 million to the MaritimeONE Bursary Fund. This gift is a testament to our dedication in nurturing the next generation of maritime talent.

“The maritime sector offers exciting and fulfilling career opportunities. In PCL, we are actively looking at workforce transformation which will lead to creation of new roles including technology-enabled ones. Investing in the education and development of young talent is key. 

“From Maritime Singapore’s perspective, attracting and developing young talent is crucial to sustaining Singapore’s position as a leading international maritime hub. We hope more companies will come onboard the MaritimeONE Bursary and contribute in bringing young talent into the maritime sector.” 

Photo credit: Singapore Maritime Foundation 

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