MOL PLUS  announced its plans to build synergies between MOL Group and startups through participation in Smart Port Challenge 2023 as PIER71 Venture Capital Partner. This is the third consecutive year MOL PLUS has participated in this program.

On 8 June 2023, PIER71™ launched Smart Port Challenge 2023, now in its seventh year, which is organized by the Maritime & Port of Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS). Smart Port Challenge 2023 is organized for startup enterprises to propose solutions for issues in five fields: “Smart Port” “Smart Ship” “Smart Maritime Services and Supply Chain” “Green Technology & Decarbonisation” and “Crew Safety, Training and Wellbeing”.

MOL PLUS aims to produce a synergetic effect on startup enterprises’ innovative ideas and technologies and MOL Group resources and create new businesses that “PLUS new value to ocean shipping industry and society,” through participation in the Smart Port Challenge eco system, which brings together maritime-related startups.