The Maritime and Port Authority of Singapore (MPA) has inked five memorandums of understanding (MOUs) and two agreements with local and international partners at the Singapore Maritime Technology Conference (SMTC).
Penta Ocean (Japan), Hyundai (South Korea), and Boskalis (The Netherlands) signed an agreement for the Tuas Terminal Phase II development worth $1.46b (US$1.1b) at the conference today. “With Phase I well underway, this second phase of development will increase the total port capacity by another 21m TEUs by 2027,” MPA said.
The agency noted that the works under Phase II include the design and construction of 387 hectares of reclaimed land bounded by 9.1km of caisson walls. “The latest innovations and technologies, such as E-cranes and reclaimer barges, will be employed to maximise the use of dredged materials for filling above sea level. When fully developed by the 2040s, Tuas Terminal will be able to handle up to up to 65m TEUs annually,” it added.
Photo Caption: Singapore Maritime Technology Conference Tuas Terminal Phase 2 development signing.