PIER71 pioneers Freddy Boey and Mark Lim of the National University of Singapore say the tech accelerator is just one of many taking place worldwide that seeks to address the problems faced by the maritime industry.

Following the formula, PIER71 works with all comers to seek technological solutions to real-time problems identified by industry players.

In its recent Smart Port Challenge — the third to date — tech developers were asked to tackle one or more of the 29 problem statements contributed by Jurong Port, PSA unboXed, TATA NYK Shipping, Wartsila, Wilhelmsen and Vopak, to name a few.