Maritime and Port Authority of Singapore (MPA) has awarded a contract worth S$1.46bn ($1.1bn) to a joint venture (JV) of Japan’s Penta Ocean Construction, South Korea’s Hyundai Engineering and Construction, and Dutch company Boskalis International for the Tuas Terminal Phase II development.
Under the contract, the JV will carry out reclamation work for the second phase of the terminal situated in Singapore.
The work will involve the design and construction of 387ha of reclaimed land surrounded by 9.1km of caisson walls.
Advanced technologies, including E-cranes and reclaimer barges, will be deployed to maximise the use of dredged materials for filling above sea level.
Once completed, the Tuas Terminal Phase II is set to add 21 million twenty-foot equivalent units (TEUs) of new capacity to the port by 2027.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The terminal is part of a four-stage development to be implemented over 30 years, with the first phase scheduled to be completed by the early 2020s.
The four-stage development is expected to be completed by 2040s and will enable the port to handle up to 65 million TEUs annually.
Separately, MPA signed a memorandum of understanding (MoU) with Wärtsilä to jointly promote the research and development of maritime technologies.
The MoU will primarily cover four aspects, including digital acceleration, cyber-physical security, intelligent vessel and port operations.
Wärtsilä chief digital officer Marco Ryan said: “Our joint focus on innovation, cyber-physical security, intelligent vessels and port integration is not only exciting, but will help us both to accelerate our smart marine strategies.”
As part of the collaboration, Wärtsilä and MPA are also set to support and leverage start-ups, as well as small and medium enterprises working in the relevant fields in Singapore.