Said Prof Alfred Huan, "The investments by Lloyd's Register in the GTC is a major boost for R&D activities in our marine and offshore sector, which will translate into opportunities for more value-add and business to our local partners. IHPC is excited to embark on joint projects with Lloyd's Register, being a leading authority on safety in the global energy and maritime arenas. We are confident that our strengths in modeling and simulation, combined with LR's expertise in these domains, will catalyse innovations and ideas to benefit the industry on the whole and present development mileage to companies to equip themselves for new challenges in these sectors."Singapore's marine and offshore industry has grown significantly over the last few years, recording an output increase of more than 30% from 2006 to 2011, contributing to 5.8% of Singapore's manufacturing output. A*STAR's cooperation with Lloyd's Register, the world's first classification society, provides a strategic platform to develop key research capabilities in this important sector. About Lloyd's Register Lloyd's Register provides independent assurance to companies operating high-risk, capital-intensive assets in the energy and transportation sectors. We enhance the safety of life, property and the environment by helping our clients to ensure the quality construction and operation of critical infrastructure. The parent entity of the Lloyd's Register group is a charity, Lloyd's Register Foundation. Its operating company, Lloyd's Register Group Limited, generates the profits that fund its public benefit activities. For more information, please visit http://www.lr.org. 'Lloyd's Register' is a trading name of Lloyd's Register Group Limited and its subsidiaries. For further details, see http://www.lr.org/entities. About the Institute of High Performance Computing (IHPC) As a national research institute supported by A*STAR through its Science and Engineering Research Council (SERC), the Institute of High Performance Computing (IHPC) was established in April 1998 to provide leadership in high performance computing as a strategic resource for scientific inquiry and industry development. IHPC seeks to power discoveries through advanced methodologies, techniques and new tools in modelling, simulation and visualisation. Its core research areas are in the realm of complex-coupled systems, mechanics and fluid dynamics, large-scale systems, digital modelling, adaptive and collaborative computing, data mining and analysis, computational electronics and electromagnetics, computational materials science and chemistry. For more information about IHPC, please visit http://www.ihpc.a-star.edu.sg. About the Agency for Science, Technology and Research (A*STAR) The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector agency that fosters world-class scientific research and talent to drive economic growth and transform Singapore into a vibrant knowledge-based and innovation driven economy. In line with its mission-oriented mandate, A*STAR spearheads research and development in fields that are essential to growing Singapore's manufacturing sector and catalysing new growth industries. A*STAR supports these economic clusters by providing intellectual, human and industrial capital to its partners in industry.