MPA inks Tuas Terminal Phase 2 pact & other MoUs in the marine cosmos
Category: #world  By Dhananjay Punekar  Date: 2018-04-25
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MPA inks Tuas Terminal Phase 2 pact & other MoUs in the marine cosmos

The Singapore Marine sector seems to have reportedly witnessed an overwhelming influx of projects this week. If sources are to be believed, the Maritime & Port Authority of Singapore (MPA) has stated that it has signed the Tuas Terminal Phase 2 pact with Royal Boskalis Westminster N.V., Hyundai Engineering & Construction Company, and Penta Ocean Construction Company during the Singapore Maritime Technology Conference.

Reportedly, this contract is estimated at nearly S$1.46 billion and includes clearing the bed of the Tuas basis, building the wharf structures, and the renovation of 387-hectare land area. According to the MPA, the Phase 2 construction is most likely to be completed in the first half of 2020. The maritime authorities of Singapore have declared that nearly 70% of Phase 1 of Tuas Terminal has been constructed. With the complete construction of Tuas Terminal, the venture will possess the overall capacity of nearly 65 million twenty-foot equivalent units yearly.  

MPA has also entered into an MoU with Keppel Offshore & Marine as well as the Technology Center for Offshore & Marine (TCOMS) for developing autonomous vessels. Sources cite that MPA has announced the signing of yet another MoU with Wartsila, a Finland based tech firm, for enhancing the growth of maritime technologies.

The maritime authority of Singapore has also renewed a MoU with a Norwegian government-funded organization that offers research grants and encourages research activities. MPA’s collaboration with the Norway-based agency is anticipated to facilitate comprehensive maritime R&D activities. Both the firms have signed the MoU for the seventh time and the term of the agreement is expected to be completed after three years by 2021.

MPA has also offered Maritime Innovation and Technology Fund to the ST electronics & Norwegian marine surveillance service provider referred as Kongsberg Norcontrol to support latter’s next generation vessel traffic management system innovation project. To encourage the development of maritime innovation ecosystem across Singapore, NUS enterprise and one of the MPA associates have also signed an MoU with PortXL.



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Dhananjay Punekar

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Dhananjay Punekar

Dhananjay Punekar presently develops content for a slew of portals, including Market Size Forecasters and Algosonline. A post graduate in mathematics and business administration, he worked in Infosys BPO Limited prior to switching his professional genre. As a content wr...

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