Maritime and Port Authority of Singapore  The Maritime and Port Authority of Singapore (MPA; Chinese: 新加坡海事及港务管理局, Pinyin: "Xīnjiāpō hǎishì jí gǎngwù gúanlǐjú"; Malay: "Lembaga Pelabuhan dan Maritim Singapura") is a statutory board under the Ministry of Transport of the Government of Singapore. The Maritime and Port Authority of Singapore (MPA) was established on 2 February 1996 by the MPA Act of 1996 through the merger of the Marine Department (which was under the then Ministry of Communications), National Maritime Board and the Regulatory departments of the former Port of Singapore Authority (PSA). PSA was subsequently corporatised on 1 October 1997 and became known as PSA Corporation. In 2004, to further streamline all maritime-related functions, the industry promotion function for shipping was transferred from IE Singapore to MPA. As Port Authority, MPA regulates and manages port and marine services, facilities and activities within the Singapore waters. This includes vessel traffic and navigational safety and security, through regulation on operational efficiency and on the environment. As Developer and Promoter, MPA works with other government agencies and maritime industry partners to make Singapore a leading global hub port and a top international maritime centre. Its aims include attracting a core group of shipowners and operators to set up operations in Singapore, broadening the breadth and depth of maritime ancillary services offered here, and improving on the business environment for the maritime industry. As the National Sea Transport Representative, the MPA safeguards Singapore's maritime/port interests in the international arena. This extends to being the Government's Advisor on matters relating to sea transport, and maritime/port services and facilities. The Singapore Registry of Ships (SRS) was established in 1966. Today, Singapore is reputed for its quality Ship registry and is ranked among the world's top ten largest ship registries, with a fleet of 3,843 vessels and tonnage of 43.7 million gross tons (as of end December 2008). SRS has also one of the youngest fleets among the top ten registries, with an average age of ten years. The steady growth of the SRS attests to the effective administration and "quality flag" strategy that the MPA develops and promotes since its establishment. The SRS has grown steadily by about 8 per cent, from 18 million GT in 1996 to 43.7 million GT in 2008.