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Singapore_Maritime business seminar 2016

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Singapore_Maritime business seminar 2016

  1. 1. Maritime Offshore Market Snapshot Singapore
  2. 2. The Singapore Maritime industry INDEX 1. Singapore Maritime Industry 2. Major shipyards, vessel types, business potential 3. Some of the leading brand names in the Singapore maritime industry 4. Main ship design & engineering companies, concept design companies EPC’s 5. Major marine engine, propulsion and machinery manufacturers, major machine workshops 6. Major marine/offshore Equipment & Supplies 7. Big Turn Key Contractors 8. Shipbuilding Associations 9. Shipowners 10. Oil and Gas companies 11. Big Projects 5/4/2016 © Finpro2
  3. 3. Singapore Marine Industry Divided into 4 sectors. 1. Ship Repair and Conversion 2. Shipbuilding 3. Rigging and Offshore Engineering 4. Marine Supporting Industries Industry employed 107,000 workers 5/4/2016 © Finpro3 Size Based on Turnover (%) Ship Repair Ship Building Offshore
  4. 4. Singapore is home to home to 2 dominating yard groups 04/05/2016 © Finpro4 • The two main shipyard groups are: • Keppel Offshore & Marine Ltd comprising of - Keppel FELS Limited. Designer and builder of mobile offshore rig solutions - Keppel Shipyard Limited . Repair, conversion and upgrading of a diverse range of vessels - Keppel Singmarine Pte Ltd. Specialised offshore support vessels including ice breaking vessels. • Sembcorp Marine Ltd comprising of - Jurong Shipyard . Ship repair, shipbuilding and ship conversion, rig construction and offshore engineering - Sembawang Shipyard . Ship repair and offshore conversion - SMOE Pte Ltd. Engineering and construction of integrated decks - PPL Shipyard. Construction of mobile offshore jack-up drilling rigs - Jurong SML. Repairs, refit, upgrading, conversion and construction of small to medium size vessels
  5. 5. The industry have experienced a strong growth the last decade MARINE INDUSTRY'S TURNOVER (S$Billion) S$Billion 5/4/2016 © Finpro5 0 2 4 6 8 10 12 14 16 18 20 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Turnover
  6. 6. MARINE INDUSTRY'S TURNOVER BY SECTOR – Ship Repair 2005 TO 2014 (S$Billion) 5/4/2016 © Finpro6 0 1 2 3 4 5 6 7 8 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Turnover
  7. 7. MARINE INDUSTRY'S TURNOVER BY SECTOR, 2005 TO 2014 - Shipbuilding (S$Billion) 5/4/2016 © Finpro7 0 0,5 1 1,5 2 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Turnover
  8. 8. MARINE INDUSTRY'S TURNOVER BY SECTOR, - Offshore 2005 TO 2014 (S$Billion) 0 2 4 6 8 10 12 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Turnover 5/4/2016 © Finpro8
  9. 9. Oil Prices 5/4/2016 © Finpro9
  10. 10. Rig Orders 5/4/2016 © Finpro10
  11. 11. Consequences – Reactions from the industry 04/05/2016 11 © Finpro •Bloodbath across the industry is far from over. Currently poor rig demand, rig oversupply, order cancellations and payment risks. •Oil drillers have stopped or put aside plans for exploration and production. •Competition among offshore and marine firms have become stiffer. •Customers has requested for delivery deferments and in some case, contract termination. In some cases, legal action has been taken for failing to take delivery •Keppel Offshore & Marine and Sembcorp Marine, the world’s leaders in rig building have racked up sizeable declines in earnings. •Smaller companies which made up 98% of the industry have not been spared from the collateral damage •Charter rates has dropped by as much as half and customer are taking a longer time to close a deal because they are constantly comparing prices and asking for more things. •Petrobas (of Brazil) corruption scandal and its rig-building firm Sete Brasil has added to the crisis as their network of suppliers includes players from Singapore.
  12. 12. Prospects For the industry 04/05/2016 12 © Finpro •Marine business is cyclical. Oil prices will eventually reach a sustainable level. •Companies are venturing into geographical areas they didn’t go to previously. E.g Middle East region • Companies trying to retain core capabilities so that they would be prepared to take on new orders when the market recovers. •Some companies still investing money on developing new, cutting edge product designs for its customers as an edge over its competitors. •Half of the rig fleet at current is >30 years' old and should gradually be retired. •If there is a sharp recovery in oil prices, it might raise demand for newbuild rigs especially drillships and harsh-environment jackups • Singapore continues investing in R&D to address the challenges of offshore oil & gas exploration & production.
  13. 13. 5/4/2016 © Finpro13 The Singapore main shipyard’s order book – Keppel Corporation
  14. 14. 5/4/2016 © Finpro14 The Singapore shipyard’s order book – Keppel Corporation
  15. 15. 5/4/2016 © Finpro15 The Singapore shipyard’s order book – Sembcorp Marine
  16. 16. 5/4/2016 © Finpro16 The Singapore shipyard’s order book – Sembcorp Marine
  17. 17. 2. Major Shipyards – Keppel Fels Limited 04/05/2016 17 © Finpro Web-site www.keppelfels.com Address 50 Gul Road Singapore 629351 Ownership Keppel Offshore & Marine Lid Company information Operates from 5 yards: Main yard (80,000sq m) Pioneer yard (280,000 sq m) Pioneer yard II (140,000 sq m) Pioneer yard III (16,000 sq m) Crescent yard (93,000 sq m) Contact information Marketing@keppelfels.com Activities/Business Potential Builder of mobile offshore rigs
  18. 18. 2.1 Major Shipyards – Keppel Shipyard Limited 04/05/2016 18 © Finpro Web-site www.keppelshipyard.com Address 51 Pioneer Sector 1 Singapore 628437 Ownership Keppel Offshore & Marine Ltd Company information World leader in FPSO, FSO, FSRU. Yard size (443,423 sq m) Drydocks: Tuas dock (360,000 dwt) Raffles dock (400,000 dwt) Temasek dock (150,000 dwt) Contact information ks@keppelshipyard.com Activities/Business Potential Ship Building, Ship repair, ship design, ship conversions, equipments
  19. 19. 2.2 Major Shipyards – Keppel Singmarine Pte Ltd 04/05/2016 19 © Finpro Web-site Keppelsingmarine.com Address 15 Benoi Road Singapore 629888 Ownership Keppel Offshore & Marine Ltd Company information Specialised shipbuilding division of Keppel Offshore & marine Contact information singmarine@keppelsingmarine.com Activities/Busi ness Potential Specialised offshore support vessels Including rock dumpling fall pipe vessels, pipelay Construction vessels, ice breaking vessels, diving support vessels, platform supply vessels Harbour and ocean going tugs
  20. 20. 2.3 Major Shipyards – PaxOcean Group 04/05/2016 20 © Finpro Web-site www.paxocean.com Address 1 Kim Seng Promenade #07-02 Great World City Singapore 237994 Ownership Kuok Singapore Limited Company information The Paxocean Group comprises of 6 shipyards located in Singapore, China and Batam, Indonesia Contact information Marketing@paxocean.com Activities/Busi ness Potential Ship building, ship repair, ship conversion, Offshore & Engineering, Rig building and refurbishment, offshore platforms facility fabrication.
  21. 21. 2.4 Major Shipyards – Jurong Shipyard Pte Ltd 04/05/2016 21 © Finpro Web-site www.jspl.com.sg Address 29 Tanjong Kling Road Singapore 628054 Ownership Sembcorp Marine Ltd Company information Proven track record in the conversion of FSSOs/FSOs/FPUs/FRSUs, marine and offshore repairs Contact information Commercial.jspl@sembmarine.com Activities/Busi ness Potential Ship building, ship repair, equipment, ship conversion, rig construction & offshore engineering
  22. 22. 2.5 Major Shipyards – Sembmarine Integrated Yard 04/05/2016 22 © Finpro Web-site www.sembmarine.com/index.php?page=Tuas Address 80 Tuas South Boulevard, Singapore 637051 Tel: (65) 68378728 Fax: (65) 67103182 Ownership Sembcorp Marine Ltd Company information Equipped with 4 VLCC drydocks totalling 1.55 million dwt. Capable of serving 18,000 TEU mega-containerships and ultra-waterdeep rigs. Contact information Commercial.jsp@sembmarine.com Activities/Busi ness Potential Ship building, ship repair, Topside fabrication to offshore engineering & construction, ship conversion
  23. 23. 2.6 Major Shipyards – Sembawang Shipyard 04/05/2016 23 © Finpro Web-site www.sembship.com Address Admiralty Road West Singapore 759956 Ownership Sembcorp Marine Ltd Company information Largest interated ship repair & conversion facilities in South East Asia Contact information Sembship.sspl@sembmarine.com Activities/Busi ness Potential FPSO/FSO conversions offshore vessels, Ship building, ship conversions/refurbishments, chemical tankers, LNG carriers, offshore rigs, navy ship repairs Asia’s premiere shipyard for cruise ship refits, refurbishments and conversions.
  24. 24. 2.7 Major Shipyards – SMOE Pte Ltd 04/05/2016 24 © Finpro Web-site www.smoe.com Address 60 Admiralty Road West #02-01 Singapore 759947 Ownership Sembcorp Marine Ltd Company information EPCIC service provider with a 25 ha yard Contact information feedback@smoe.com Activities/Busin ess Potential Serving global upstream oil & gas industry
  25. 25. 2.8 Major Shipyards – PPL Shipyard 04/05/2016 25 © Finpro Web-site www.ppl.com.sg Address 21 Pandan Road Singapore 609273 Ownership Sembcorp Marine Ltd Company information Strong expertise in construction of prototype designs: namely semi-submersibles under the ExD, Express, Sedco 600 series and JU2000 series of jack-ups. One stop solutions from deisgn to procurement, construction, testing and commissioning of the whole rig including drilling systems Contact information corporate@ppl.com.sg Activities/Busin ess Potential Construction of mobile offshore Jack-up drilling rigs, semi-submersible drilling rigs, Offshore construction and support vessels, afloat repair conversions
  26. 26. 2.9 Major Shipyards – Jurong SML 04/05/2016 26 © Finpro Web-site www.jsml.com.sg Address 57 Shipyard Road Singapore 628142 Ownership Sembcorp Marine Ltd Company information Specialises in repairs, refit, upgrading, conversion and construction of small to medium size vessels, including building of fast crafts, tugs, containerships, tankers, floating platforms, modification of research & survey vessels, pipe-laying equipment, dredgers, jack- up platforms, drillships and heavy life cranes Contact information Marketing.jsml@sembmarine.com Activities/Busin ess Potential Repairs, refit, upgrading, conversion and construction of small to medium size vessels
  27. 27. 3. Main ship design & engineering companies, concept design companies EPC’s • Hiap Seng Engineering Ltd (www.hiapseng.com) - service provider in projects and maintenance services in the oil & gas and the process industries. • ABB (www.abb.com) - full range of integrated services for EPC plants including: project management, process engineering, multi-disciplinary detailed engineering • Aibel Pte. Ltd. (www.aibel.com) - They undertake all types of studies, detailed planning, procurement services and project management for both onshore and offshore projects EPC • Rotary Engineering Limited (www.rotaryeng.com.sg) - integrated engineering design, procurement, and construction (EPC) services to the oil and gas, petroleum, petrochemical and pharmaceutical industries • Antara Koh Pte Ltd (www.antarakoh.com.sg) - Specialist Contractor in Land and Marine Piling, Civil Engineering and Marine Structure Construction such as Jetty, Bridges and Harbour • Seagull Pte Ltd (www.seagullgroup.com.sg) - Offshore / Subsea EPC Contractors 5/4/2016 © Finpro27
  28. 28. 3. Main ship design & engineering companies, concept design companies EPC’s • Lion Global Offshore Pte Ltd (www.lionglobal.com.sg) - turnkey engineering, procurement, construction, and commissioning (EPC) solutions for the offshore energy industry • GB Marine Pte Ltd (http://www.gbmarine.com) - design engineering company providing services in the fields of naval architecture, marine consulting, structural and offshore engineering • Jurong Engineering Limited https://www.jel.com.sg/Home/Contact - EPC company capable of turnkey contracts mainly for small to medium size projects • Wartsila Ship Design Singapore Pte Ltd (www.wartsila.com) - Designs for merchant, offshore and special vessels • McPec Marine & Offshore Engineering Pte Ltd (www.mcpec.com) - EPC contractor specializing in onshore and offshore modular structures. •Szu Engineering Pte Ltd (www.szu-engineering.com) - steel fabrication and design services, serving clients in a diversified range of industries such as F&B, specialty chemicals, process chemicals and offshore 5/4/2016 © Finpro28
  29. 29. 4. Major marine engine, propulsion and machinery manufacturers, major machine workshops • Power Diesel Engineering Pte Ltd (www.powerdiesel.com.sg) - Provides a wide range of diesel engine services including engine overhaul, parts suply & replacement, schedule & emergency engine repair and mainteance •Powersource International Pte Ltd (www.pwsource.com.sg) - Distributor for John Deere and Isuzu engines (sales, parts and aftersales). Master service center for fire protection diesel engine. • Wartsila Singapore Pte Ltd (www.wartsila.com) - power solutions for the marine and energy markets. • Cheong Lee Leong Seng Co Ltd (www.clls.com.sg) - Sales, marketing and distribution of marine engines • Cummins Sales & Service (S) Pte Ltd (www.marine.cummins.com) - Manufacturer of marine engines • Toyo Marine & Industrial (S) Pte Ltd (www.toyomarine.com.sg) - Distributor of marine enginers 5/4/2016 © Finpro29
  30. 30. 4. Major marine engine, propulsion and machinery manufacturers, major machine workshops • Asia Masima Pte Ltd (www.masima.com.sg) - specialization in CNC Machine Tools, Sheet-Metal Working Machines And PC- Based CNC Controller • Hup Hoe Engineering Pte Ltd (www.huphoe.com.sg) - Overhauling and repair of diesel marine and industrial engines, gearboxes, pumps, winches, air compressors and hydraulic assembly • Sekai Marine Ptd Ltd (www.sekaimarine.com) - specializes in manufacturing mechanical parts that cannot be bought off the shelves for the marine and offshore oil & gas industries • UNI-Drive Systems Pte Ltd (www.uni-drive.com) - distribution of Mechanical Power Transmission Products and related hardware product • Wearnes Engineering & Distribution Pte Lte (www.wealco.com.sg) - Dealer in Hamiltonjet waterjet propulsion system 5/4/2016 © Finpro30
  31. 31. 5. Major marine/offshore Equipment & Supplies •Jotron Asia Pte Ltd (www.jotron.com) - Safety communication equipments for maritime applications •M-Tek Marine Pte Ltd (www.mtekmarine.com) - Firefighting and lifesaving equipments in the marine & offshore industry •OceanMaster Engineering Pte Ltd (www.oceanmaster.com.sg) - Maintenance, Repair , Ouverhauling (MRO) services such as emergency afloat repairs, rding squad serviceswharf-side, dry docking and offshore repairs for marine industry • Rapid Offshore & Marine Pte Ltd (www.rapidoffshoremarine.com) - Turnkey HVAC & R solutions to offshore and marine applications •Jebsen & Jessen (www.jjsea.com) - leading engineer and manufacturer of offshore lifting and pulling equipment • Pacific Radiance Ltd (http://www.pacificradiance.com) - owner and operator of offshore vessels and a provider of subsea services, shipyard services, marine equipment as well as project logistics to the global oil and gas industry. •Gardyon Pte Ltd(http://www.gardyon.com/ - Specialist in fire protection technology for the Oil & Gas industry5/4/2016 © Finpro31
  32. 32. 5. Major marine/offshore Equipment & Supplies • Beng Hui Marine Electrical Pte Ltd (www.benghui.com) - marine and offshore electrical supplier to the shipbuilding, Ship Repair, On- and-Offshore, Oil & Gas industries. • Chee Fatt Co Pte Ltd (www.cheefatt.com.sg) - Marine & Offshore, Mining, Oil & Gas and Ship Building & Repair. • Epim Engineering International Pte Ltd (www.epim.com.sg) -specializes in the design, fabrication and refurbishment of Marine, Oil and Gas Equipment used on Jack-Up Rigs, Semi-Submersible Platforms, Floating Production, Storage and Offloading (FPSO) vessels and Sub-Sea installations • Global Hydraulics Pte Ltd (www.globalhydraulics.com.sg) - Hydraulic, pheumatic, electrical and mechanical needs for marine, offshore deck, industrial hydraulic equipments • Index-Cool Marine & Industry Pte Ltd (www.index-cool.com.sg) - Refigeration & HVAC systems for marine, offshore and industrial applications • Chevon International (S) Pte Ltd. (www.chevon.com.sg) - Heat exchangers, plate heat exchangers, water & oil coolers, pressure vessels, radiators, axial & ventilation fan 5/4/2016 © Finpro32
  33. 33. 6. Major Turn Key Contractors • Ipco International Holding Pte Ltd (www.ipco.com.sg) - turnkey contractor and investor in oil & gas, power, transportation, water & environment and industrial infrastructure projects worldwide. • Global Offshore & Marine Pte Ltd (www.globalone.com.sg) - turnkey project Specialist providing integrated services to the offshore and marine industry • Excel Marco (www.excelco.com) - Offshore Oil & Gas Production Platforms , Jack-up and Semi-Submersible Drilling Rigs FPSO/FSO (Floating Production Storage Offloading/ Floating Storage Offloading vessels) - Onshore Petrochemical Plants/Refineries Marine Automation Equipment • Omega Integration Pte Ltd (www.omega-in.com) - Turnkey solutions for the integration of multiplatform systems • Dyna-Mac Holdings Ltd. (www.dyna-mac.com) - Marine FPSO Topside Modules Construction related to Oil and Gas Industry, Sub-Sea Products, Semi-Submersibles, Repair of Oil Rigs, Pharmaceutical Process Packages and Power Generation Facilities. 5/4/2016 © Finpro33
  34. 34. 6. Major Turn Key Contractors • Rapid Offshore & Marine Pte Ltd (www.rapidoffshoremarine.com) - provide full turnkey solutions for HVAC/R requirements, for Marine or Offshore application. • Primeair HVAC Pte Ltd (www.primeairhvac.com) – provide full turnkey solutions for HVAC/R requirements, for Marine or Offshore application. • Halcyon Offshore Pte Ltd (www.halcyonoffshore.com) - Integrated engineering and construction group engaged in the offshore oil and gas industry • Alliance Marine Engineering (alliancemarine.sg) - Accommodation Outfit Constrction for Jack-Up Rigs, Semi-Submersible,Tender Rigs and FPSO/FSO/MOPU; including technical, design, and construction services • LY Accom Marine Pte Ltd (www.lyam.com.sg) - more than 15 years hand on experience in Marine Industries servicing the needs of Hull Fittings across South East Asia. • Seaquest Enterprise Pte Ltd (www.seaquestent.com.sg) - major service provider in the installation of turnkey accommodation and architectural fit-outs for the marine and offshore industry 5/4/2016 © Finpro34
  35. 35. 7. Shipbuilding Associations Association of Singapore Marine Industries 30 Tuas Avenue 10 #07-01 Freight Links E-Logistics Technopark Singapore 639150 Tel: (65) 6863 3038 Fax: (65) 6863 2881 Email address: admin@asmi.com www.asmi.com The Association of Singapore Marine Industries (ASMI) is a non-profit trade association formed in 1968 to promote the interests of the marine industry in Singapore. ASMI represents a wide cross-section of the Singapore ship repair, shipbuilding and rig building industry. The major shiprepair yards, rig builders and shipbuilders in Singapore as well as most of the established local and foreign manufacturers and suppliers of marine and offshore components, and major marine and offshore engineering companies are among its members. It also represents marine and offshore engineering contractors and companies whose activities are directly related to the industry including classification societies and marine consultants. 5/4/2016 © Finpro35
  36. 36. 7. Shipbuilding Associations Singapore Shipping Association 59 Tras Street, Singapore 078998 T: +65 6305 2260 F: +65 6222 5527 Email: ssa.admin@ssa.org.sg www.ssa.org.sg • SSA is an amalgamation of five previous shipping associations, namely • The Singapore National Shipowners' Association • The Singapore Shipping Association • The Shipping Agents' and Brokers' Association of Singapore • The Singapore Barges and Tugs Association • The Singapore Shipowners' Association It is to promote and protect the interests of its Members, who are basically shipowners and operators, shipmanagers, ship agents and shipbrokers, and to enhance the competitiveness of Singapore as an international maritime center. 5/4/2016 © Finpro36
  37. 37. 8. Shipowners • Swissco Holdings Limited (www.swissco.net) • FSL Trust Management Pte Ltd (www.fsltrust.com) • Winning International Group Pte Ltd (www.winninggroup.com.sg) • B&H Equimar Singapore Pte Ltd (www.bhocean.com) • Hangli Shipping & Trading Pte Ltd (www.hangliship.com) • Oldendorff Carriers Singapore office (www.prisco.com.sg) • BW Maritime Pte Ltd (www.bwshipping.com) • Credo Shipping Pte Ltd (www.credoshipping.com) • Kumiai Navigation Pte Ltd (www.kn.sg) • LITA Ocean Pte Ltd (www.litaocean.com) • Mediterranean Shipping Co (Switzerland) Asia Regional Office Pte Ltd (www.mcsingapore.com) • Pacific Carriers Ltd (www.pcisg.com) • Pacific Radiance Ltd (www.pacificradiance.com) • Parakou Ship Management Pte Ltd (www.parakougroup.com) • Sanko Kisen (S) Pte Ltd (www.sankoline.co.jp) 5/4/2016 © Finpro37
  38. 38. 8. Shipowners • SE Shipping Lines Pte Ltd(www.seshipping.com) • Universal Navigation Pte Ltd (www.uninavigation.com) • Teras Cargo Transport Pte Ltd (www.terasamerica.com) • Pacific World Shipping Pte Ltd (www.pw-shipping.com) • Villa Shipping (S) Pte Ltd (www.villa.com.sg) • Berhard Schulte (s) Holdings Pte Ltd (www.schultegroup.com) • Odfjell (S) Pte Ltd (www. odfjell.com) • OMC Shipping Pte Ltd (www.omcs.com.sg) •Oskar Wehr Asia Pte Ltd (www.wehrship.de) •Pacmar Shipping Pte Ltd (www.pacmar.com.sg) • Petredec Services (Asia) Pte Ltd (www.petredec.com) •Regional Container Lines Pte Ltd (www.rclgroup.com) •Samudera Shipping Line Ltd (www1.samudera.com) •Sandigan Ship Management Pte Ltd (www.sandiganship.com.sg) • Siva Ships International Pte Ltd (www.sivashipping.com) 5/4/2016 © Finpro38
  39. 39. 9. Oil & Gas Companies •GlobalTech Systems Engineering Pte Ltd (www.gsepl.com) - provider of engineering consultancy services, project management, fabrication and the supply of customised process package equipment for the oil and gas, petrochemical, refinery power generation and marine industries. • Asiatec Industries Pte Ltd (www.asiatec.sg) - Supply of explosion proof products and industrial products. • Equip Offshore Pte Ltd (equipoffshore.sg) - Deepwater mooring systems for the offshore and oil and gas industry • Raytech Engineering Services Pte Ltd (www.raytech.com.sg) - design and supply of custom built mechanical and process system equipment for the Oil & Gas, Petrochemical, Refinery, Power Generation and Marine industries • KS Engergy Ltd (www.ksenergy.com.sg) - one-stop energy services provider to the global oil and gas (”O&G”), marine and petrochemical industries. • Eng Tek Pte Ltd (www.engtek.com.sg) - engineering solutions to the oil & gas industry 5/4/2016 © Finpro39
  40. 40. 9. Oil & Gas Companies • Jordanns Engineering Supply Pte. Ltd (www.jordanns.com ) - Product marketing distribution company in Oil and Gas, Marine industries. Provide solutions to Oil Rigs, FPSO and offshore vessels. • KTL Offshore Pte Ltd (ktlgroup.com) - Provide products to offshore Oil & Gas and related industries. • Gates Engineering & Services Pte Ltd (www.gatesae.com) - stockist and supplier of hydraulic, industrial and oil field hose solutions to the oil & gas, marine • CSI Oil & Gas Pte Ltd (www.csi-pl.com) - Supplying standard design and manufacture engineering equipments to the Oil & Gas, Petrochemical, Refinery, Power Generation and Marine Industries • LoadCell Services Pte Ltd (www.gasoilservices.com) - Specialized drilling rig solutions, calibration, certification, commissioning, compliance, consultancy, design, integration, products, repair, supply and testing • Flow Equipment Sales & Service Pte Ltd (www.flowequipment.com.sg) - Sales & Service of liquid handling equipment for oil & gas, chemical industries. 5/4/2016 © Finpro40
  41. 41. 10. Big Projects – Tuas Mega Port • Singapore is building a new mega port located at Tuas to free up prime land in Tanjong Pagar and Pasir Panjang for future residential and mixed-use developments. • The Maritime and Port Authority of Singapore (MPA) on Thursday (Apr 23, 2015) signed a S$2.42 billion agreement with Dredging International Asia Pacific-Daelim Joint Venture for works on Tuas Terminal Phase 1. • Under the agreement, the contractors will dredge the waters, construct the wharves and reclaim 294 hectares of land. • It is expected to be completed by Dec 27, 2020. When completed, the Tuas Terminal will have the capacity to handle 65 million twenty-foot equivalent units (TEUs) per annum. Its key features include making use of automated machinery and green energy systems to improve productivity and be environmentally sustainable. • MPA has Maritime Innovation and Technology (MINT) Fund for potential research and test-bedding of technology solutions 5/4/2016 © Finpro41
  42. 42. Comments and questions can be sent to: Mr Lim Hock Chye Finnbiz Consultany Country Representative Finpro Singapore hock.chye@finpro.fi