Trusted by the world's largest shipping and oil and gas players, Companies such as Yang Ming, BW Group, Royal Dutch Shell and Pacific International Lines, rely on Ascenz for greater operational risk transparency, to deliver improved real time performance and inform decision making. Ascenz is therefore, following an aggressive R&D mandate to address the challenges that digital disruption and new IMO regulation mandates present for our clients.
Small and medium enterprises (classified as companies with revenues less than 100M) make up the backbone of Singapore's economy and account for 99% of all enterprises and contribute to almost half of the country's GDP. SME's also hire about 7/10 of the country's workers. Singapore has a strong commitment to nurturing and investing in SME's to add value to the economy and sustain the importance source of employment for the population.
The E50 Awards not only looks at quantitative criteria such as financial performance indicators, but also includes other factors in their evaluation, such as business model and innovations, management ideals and governance, market branding and overall potential. Its aim is to assess companies for future potential as well as performance.
Today Ascenz holds the global leadership position as the largest player internationally in their category of operational risk intelligence in
the maritime and offshore sectors.
Over the past 12 months with the support of OCBC, Spring and IE Singapore, they have expanded into new European and Asian locations including Myanmar, Hong Kong, Germany and Holland.
The Company boasts an impressive list of investors in its early stages of growth. These include Green Marine Capital, the Maritime and Port Authority of Singapore and Red Dot Ventures.
All Ascenz products and solutions are developed in-house by their own R&D department and via R&D partner collaborations with esteemed international Academic institutions and think tanks.
Yoong Hui states, "Continuous innovation is key for Ascenz to drive change in the maritime and offshore industries." "Only through vision and capability development can Ascenz remain future-ready, retain our leadership position in the industry and exploit the license to operate challenges for competitive advantage".
ENTREPRENEURSHIP
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