Singapore upgrades seaport system
Singapore has recently invested more than 2.6 billion USD in an
expansion project for the country’s Pasir Panjang Terminal, reported the
Straits Times on June 24.
Singapore has recently invested more than 2.6 billion USD in an
expansion project for the country’s Pasir Panjang Terminal, reported the
Straits Times on June 24.
Delivering a speech while opening project phase III and IV on June 23, Prime Minister Lee Hsien Loong highlighted the importance of seaport capacity building in improving connectivity with major ports worldwide and maintaining Singapore’s position as a leading transportation centre regionally and internationally.
Statistics showed that the handling capacity of the nation’s seaport system hit 33.9 million TEUs (20-foot equivalent units) last year, nearly reaching its maximum capacity of 35 million TEUs.
The project, involving the Pasir Panjang Terminal and two future terminals that are scheduled to become operational by 2017, is expected to boost the island nation’s annual container throughput by 40 percent to 50 million TEUs.
By 2040, the country targets to increase its yearly handling capacity to 65 million TEUs.
The local maritime industry currently has a workforce of 170,000 people and accounts for 7 percent of Singapore’s GDP.-VNA
Delivering a speech while opening project phase III and IV on June 23, Prime Minister Lee Hsien Loong highlighted the importance of seaport capacity building in improving connectivity with major ports worldwide and maintaining Singapore’s position as a leading transportation centre regionally and internationally.
Statistics showed that the handling capacity of the nation’s seaport system hit 33.9 million TEUs (20-foot equivalent units) last year, nearly reaching its maximum capacity of 35 million TEUs.
The project, involving the Pasir Panjang Terminal and two future terminals that are scheduled to become operational by 2017, is expected to boost the island nation’s annual container throughput by 40 percent to 50 million TEUs.
By 2040, the country targets to increase its yearly handling capacity to 65 million TEUs.
The local maritime industry currently has a workforce of 170,000 people and accounts for 7 percent of Singapore’s GDP.-VNA
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
World
Thailand welcomes over 10 mln foreign arrivals so far this year
More than 10 million foreign tourists have visited Thailand so far this year, bringing in more than 500 billion THB (13.5 billion USD), the country’s Tourism and Sports Ministry has reported.
World
Thailand's Maha Songkran World Water Festival welcomes over 784,000 festival-goers
The Tourism Authority of Thailand (TAT) claims that the “Maha Songkran World Water Festival 2024”, held at Sanam Luang and Ratchadamnoen Avenue from April 11-15 is a great success with more than 784,000 participants.
World
Indonesia enhances vigilance against money laundering
Indonesian President Joko Widodo on April 17 called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.
World
Cambodia sees record number of tourists during traditional New Year holiday
Cambodia recorded almost 22 million domestic and international visitors travelling to different tourist destinations nationwide during the four-day traditional New Year holiday, from April 13 to 16.
World
Indonesia raises alert level to highest, warns of tsunami as volcano erupts
An airport in Madano city, the capital of Indonesia’s North Sulawesi province, has been ordered closed while hundreds of people evacuated and the alert level raised to the highest on April 18 due to large-scale volcanic eruptions of Mount Ruang.
