Lloyd’s Register founds technology center, joins with A*STAR for R&D

Offshore staff

SINGAPORE– Lloyd’s Register has established a Group Technology Centre in Singapore and has an agreement with the Agency for Science, Technology and Research (A*STAR) to collaborate on R&D at the new facility.

In particular, Lloyd’s Register intends to establish a joint laboratory with A*STAR’s Institute for High Performance Computing to develop programs for marine and offshore application modeling and simulation.

“The collaboration between Lloyd’s Register and A*STAR demonstrates common interest to develop technologies to boost developments for the energy and maritime sectors,” said Dr. Raj Thampuran, managing director of A*STAR. “. “Exciting areas of research include modeling and simulation; designing floating offshore structures, deep-sea drilling equipment and transportation, maritime safety and environment, and marine energy harvesting.”

“Along with our Group Technology Centre at the University of Southampton in the UK, the Singapore GTC will serve as a cornerstone for our global research-and-development network, which currently includes 48 academic and technical institutions sponsored by The Lloyd’s Register Educational Trust," said Richard Sadler, CEO, Lloyd’s Register.

The capabilities and resources of the new center will be scaled up over five years to work on mutually identified projects between Lloyd’s Register and A*STAR under the agreement. Investment in this center is expected to reach $35 million. By year five, up to 150 full-time engineers, researchers and doctoral students will be jointly employed and working together with industry on projects of mutual interest.

9/25/2012

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...