Singapore’s Jurong Port and Oiltanking have inaugurated the Jurong Port Tank Terminals (JPTT) today.
The two parties see the opening of the terminal as an important milestone for Jurong Port as JPTT aims to reinforce Singapore’s position as a global energy and chemicals hub.
“The development of the new liquid bulk terminal is an important milestone in Singapore’s national history. It will help the city-state capitalise on the many opportunities in the energy and chemicals market, and reinforce its status as a global hub,” Jurong Port said in a release.
JPTT is located on 16 hectares of land within Jurong Port and is supported by 4 deep water berths with drafts of up to 17.6 meters, capable of handling vessels up to 180,000 dwt. It is expected to handle about 7m tons of clean petroleum product annually.
“The need for supporting infrastructure to manage the increasing demand in Asia for petroleum products created the need for JPTT. The terminals will be able to handle the demand from the region and help strengthen the integrated terminal network concept and overall value offering to the market. This is the embodiment of Oiltanking’s vision for the Singapore Straits, reinforcing Singapore’s international maritime energy and chemicals hub status,” said Douglas van der Wiel, president of Oiltanking Asia Pacific.