QUOTE(yolo1990 @ Mar 3 2021, 05:48 PM)
my guess, once this completes. SG probably shift towards fintech and silicon valley of SEA already. With HK slowly closer to China, SG will be a stronger financial hub for those anti China.
Singapore tuas mega port open at this year phase 1 !!!!!!!
“The Port of Singapore is a free port, and the trade thereof is open to ships and vessels of every nation, equally and alike to all.”
So wrote British colonial agent Sir Stamford Raffles in 1819 after he established by treaty the port of Singapore, having purchased the island from a local sultan.
Almost exactly two centuries later, Singapore remains one of the
World’s busiest and most strategically important maritime hubs.
Today, the port attracts 130,000 vessel calls on average a year, while the maritime industry
Accounts for 7% of Singapore’s GDP
and 170,000 jobs
, a figure that is set to grow after Minister for Manpower Josephine Teo revealed that
13,000 more jobs be created in the aviation and maritime by 2025.
“Singapore commands a strategic position as a maritime hub in the regional and global arena,” says head of Baltic Exchange Asia Lu Su Ling.
“The maritime industry is, and will remain, a big contributor to Singapore’s economy, and it is therefore important that we continue to innovate and invest in this sector to achieve long-term success.”
Size matters: inside the Tuas mega-port expansion project
That investment shows no signs of drying up anytime soon.
The next significant landmark in the Port of Singapore’s evolution, the Tuas mega-port expansion project, is due for completion by 2040.
Slated to be the world’s largest container terminal, the complex is being constructed in 4 phases, with the 20 million-TEU first stage set for delivery in 2021 at a cost of S$2.42bn (US$1.76bn).
Consolidating container handling at the site, it will improve efficiency and vessel turnaround times, enabling the port to handle 65m TEU annually, compared with 45m at its four existing box terminals.
This post has been edited by plouffle0789: Mar 3 2021, 06:45 PM