Jurong terminal contract awarded
Dubai-headquartered Horizon Terminals Limited (HTL) has awarded construction contracts for a US$200m bulk liquids terminal to be built on 39 hectares of land at Banyan, Jurong Island in Singapore. The contract for consultancy was awarded to Singapores Jurong Consultants and made on behalf of Horizon Singapore Terminals Pte Limited (HSTL) – a joint venture to be incorporated in Singapore.
(ICTSI), Naha International Container Terminal, Inc. (NICTI) to operate a container terminal in Naha City, Okinawa.
Joint venture partners will include HTL (52%), Kuwait’s Independent Petroleum Group (15%), Boreh International FZE (8%) of the UAE, Martank BV of Holland (10%) and SK Energy Asia Pte Ltd. of South Korea (15%).
The HSTL terminal, which will take 18 months to complete, will enable the handling of Class 1,2 and 3 petroleum products. The terminal’s first phase will have 30 tanks providing 840,000 cu metres of storage for liquid petroleum products. The tanks will be built in accordance with API 650 and there will be an option for an additional three tanks, providing an extra 120,000 cu metres of capacity. In addition, four berths will be constructed in the first phase which will enable the berthing of partially laden VLCCs as well as small barges for bunker or cross port trades.
Related Articles
PORT & TERMINAL NEWS
PORT & TERMINAL NEWS
EXPANSION & DEVELOPMENT