Netherland-based Royal Boskalis Westminster (Boskalis) has received a Letter of Award from the Maritime and Port Authority of Singapore (MPA) for the port development project Tuas Terminal Phase II in Singapore, also referred to as Tuas Terminal Finger Pier 3, the company announced Wednesday.
Classification society DNV GL is set to build a Digital HQ for Asia – Pacific in Singapore specialising in digital consulting and smart cities/ports.
Hutchison Port Holdings (HPH) Trust saw 2017 full year overall throughput rise 8% to 24.3m teu.
The paradox of the Straits of Malacca and modern container shipping is that despite the potential high volumes, and while terminal operators are always looking for alternatives to the established main ports of Singapore, Port of Tanjung Pelepas (PTP) and Port Klang, most of the major lines have already anchored themselves at one of the three and are unlikely to move without a sufficiently good reason.
Regional Container Lines (RCL) is splitting its service from Singapore to Palembang and Pasir Gudang into two increasing the frequency of calls.
Singapore-headquartered terminal operator PSA International saw a 9.8% increase in volume of containers it handled globally to 74.24m teu last year.
Singapore container port handled 33.7m teu last year up 8.9% on 2016, however, volumes were still marginally lower than the record year of 2014.
Wilhelmsen Ship Management (WSM) is relocated its global headquarters from the Malaysian capital of Kuala Lumpur to neighbouring Singapore.
PSA Marine has inked a 15-year contract to provide marine services for the Summit LNG FSRU Terminal in Bangladesh.