Singapore (VNA) – The fully automated regional and global distribution centre World Gateway II has been officially inaugurated in Singapore to meet rising global consumer demand and the rapid growth of e-commerce.
The facility is the second such centre operated by shipping giant Maersk, which views Asia as an increasingly central hub of global trade.
Speaking at the inauguration of the facility on March 18, Singapore’s Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong noted that Maersk’s expansion of its logistics operations in Singapore reinforces Singapore’s role as an intermodal logistics hub.
He noted that the facility allows high-value cargo to arrive in Singapore and be distributed efficiently across Asia and via sea, air or land.
As reported by The Straits Times, the World Gateway II, a 200 million SGD (155 million USD) automated distribution centre, doubling Maersk’s logistics capacity in Singapore to 2.2 million sq ft and creating 500 jobs.
It is designed to help companies store and ship goods bound for the region from Singapore, will support both bulk deliveries to businesses and online orders to customers.
Located near Singapore’s new Tuas Port, the 1.1 million sq ft facility will be customs bonded, where customers enjoy zero goods and services tax (GST) on warehouse storage. Import GST will also be deferred on non-dutiable goods until they enter the market.
Maersk has operated a single one million sq ft regional distribution centre, World Gateway I, in Jurong West since 2016. Singapore is Maersk’s second-largest base worldwide outside Copenhagen, with more than 1,500 employees and over 140 vessels under the Singapore Registry of Ships./.
Cambodia boosts fuel imports from Singapore, Malaysia
Cambodia is increasing imports from Singapore and Malaysia while existing suppliers are also striving to maintain exports despite tightening supply conditions.
