Jurong Port to run new Offshore Marine Centre for three years
Jurong Port Pte Ltd has been named by JTC Corporation as the operator and manager of the Offshore Marine Centre (OMC) for the next three years.
The Tuas View facility is expected to be operational by next January. It is currently being built by Muhibbah Engineering (Singapore), which will complete construction by next month.
The 13-hectare OMC will be the first common user facility to cater to manufacturing companies in the offshore and marine industry.
The OMC was developed by JTC Corporation to optimise the use of Singapore's scarce waterfront land and reduce capital costs for companies through the sharing of common waterfront facilities.
It is also meant to capture more 'high- value' marine and oil and gas equipment activity, said JTC's chief executive officer Manohar Khatani.
Singapore has established itself as an important location for the manufacture of oil and gas equipment.
It is responsible for about 20 per cent of the world's ship repairs and 70 per cent of jack-up rig buildings. It is also behind 70 per cent of the world's conversion of tankers to floating production, storage and offloading (FPSO) units.
The Tuas View facility is expected to be operational by next January. It is currently being built by Muhibbah Engineering (Singapore), which will complete construction by next month.
The 13-hectare OMC will be the first common user facility to cater to manufacturing companies in the offshore and marine industry.
The OMC was developed by JTC Corporation to optimise the use of Singapore's scarce waterfront land and reduce capital costs for companies through the sharing of common waterfront facilities.
It is also meant to capture more 'high- value' marine and oil and gas equipment activity, said JTC's chief executive officer Manohar Khatani.
Singapore has established itself as an important location for the manufacture of oil and gas equipment.
It is responsible for about 20 per cent of the world's ship repairs and 70 per cent of jack-up rig buildings. It is also behind 70 per cent of the world's conversion of tankers to floating production, storage and offloading (FPSO) units.