ST Engineering Annual Report 2020

CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT Innovations of Tomorrow It is all hands on deck when it comes to smart technologies and innovations to enhance operational efficiencies. AquaNerva is our in- house smart water solution that provides data analytics and machine learning algorithms to perform condition monitoring, predictive diagnostics and prognostics. It enables the monitoring of equipment to allow real-time predictions and analysis. We also successfully completed the sea trials of the Smart Maritime Autonomous Vessel (SMAV) within 15 months from project commencement. SMAV is a fully autonomous tug that was converted from a manned harbour tug owned and operated by PACC Offshore Services Holdings. The trial, the first-of-its-kind, was conducted in Singapore waters in various scenarios with varying speeds up to 8 knots, while the vessel was in autonomous waypoint navigation mode. The autonomous tug incorporates key features such as collision detection and collision avoidance; remote centralised control and health monitoring of onboard systems; and forward-looking maintenance capabilities such as condition-based maintenance, predictive diagnostics, and prognostics on critical shipboard systems. The SMAV is on to its next phase of development, focusing on demonstrating our NERVA Sensemaking System for predictive diagnostics and maintenance of critical shipboard systems. This is projected to be completed in 2021. To explore opportunities in the offshore wind industry, we collaborated with NautiCraft to look at ways to incorporate its patented marine suspension technology into our vessels. We completed a preliminary design of a 20m crew transfer vessel (CTV) that vastly improves the operating window of a CTV in-service installing and maintaining offshore wind turbines, and we look forward to similar collaborations that benefit the industry. Safety as a Priority In recognition of our commitment in ensuring our employees’ safety, our U.S. yard received the 2019 Safety Award from American Equity Underwriters (AEU), making us one of 25 companies among 1,400 members of the AEU to receive this award. In Singapore, we were awarded the Good Safety Record Award by the Republic of Singapore Navy. We strongly believe in fostering a safety culture and these accolades are evidence of the work that we do to ensure that our employees return home to their loved ones, safe and sound, every day. Artist impression of Singapore's first Integrated Waste Management Facility 59 ANNUAL REPORT 2 0 20 /