Pacific Carriers Limited (PCL) and the Singapore Maritime Foundation (SMF) have signed a Memorandum of Understanding (MoU) to strengthen maritime workforce development.

Under the MoU, PCL will sponsor up to three (3) MaritimeONE scholarships and at least three (3) MaritimeONE internships per year over a three (3) year period from 2025 to 2027.

The scholarships and internships will be managed and marketed by SMF, with both organizations jointly selecting the candidates.

Complementing the scholarships, PCL will further support SMF's initiatives under the MaritimeONE suite of talent development programs by providing youths with immersive and experiential learning opportunities through the MaritimeONE Case Competition, MaritimeONE Campus Connect, and MaritimeONE Company Connect.

"The signing of the MoU between Pacific Carriers Limited and Singapore Maritime Foundation marks a collective commitment in our shared goal to build a talent pipeline for the industry, and builds on PCL's steadfast support over the years. From the generous S$1 million contribution towards the MaritimeONE Bursary Fund in 2023, to its sponsorship of the MaritimeONE Case Summit in 2024, PCL has consistently demonstrated its commitment to building talent and future leadership for the sector," Tan Beng Tee, executive director, Singapore Maritime Foundation, said.

Meanwhile, Chubasco Antonio Monteiro, deputy chief executive officer & fleet director, Pacific Carriers Limited, noted that talent development has always been a strategic priority for the ocean carrier and within the larger Kuok Group.

"This MOU affirms our continued commitment to building a dynamic maritime workforce, one that is future-ready. Working with MaritimeONE scholars who have come through this talent pipeline has been extremely encouraging; we've seen first-hand how young professionals grow and build interesting careers, adding real value to this sector."

"PCL is proud to do our part, by investing in young talent for the maritime industry and our company," he added.