Serious Why would PAP spend $3.5 billion on expanding container port, when its going downhill

[h=1]Engineering feats at Pasir Panjang a model for Tuas[/h]


[h=2]Methods used raise efficiency and reduce impact on environment[/h] Audrey Tan



Singapore is the world's busiest transhipment hub, with connections to 600 ports in over 120 countries. But it is not taking good fortune for granted.
The Maritime and Port Authority of Singapore (MPA) is going full steam ahead with plans to expand the Republic's container-handling capacity, starting with the expansion of the Pasir Panjang Terminal in a $3.5 billion project that will be completed next year.
Pasir Panjang Terminal Phases 3 and 4 are being built in a way that increases efficiency and productivity while reducing environmental impact - making it a model for the upcoming Tuas Terminal, which will be fully ready from 2027.


For the innovative engineering feats involved, the development was in July voted by the public as being one of Singapore's Top 50 Engineering Achievements. The competition is organised by the Institution of Engineers to recognise engineering achievements thought to have the greatest economic, infrastructural or societal impact.
For the Pasir Panjang expansion, alternative landfill material, such as excavated earth from land construction projects, was used instead of sand for reclaiming some 198ha of land - the size of 280 football fields - off the Pasir Panjang shore.


Corals at the nearby Labrador Nature Reserve were also relocated in 2006 to the waters off the Southern Islands so they would not be smothered by land reclamation works.

• $3.5b
  Cost of the expansion of the Pasir Panjang Terminal.

In addition, caissons - large concrete blocks - were used to build the sea wall and wharf structure instead of traditional piling methods.
The 150 caissons used are concrete, watertight, retaining structures that sit on a foundation on the seabed and fabricated on site.
Said MPA chief executive Andrew Tan: "The Pasir Panjang Terminal Phases 3 and 4 project provided opportunities for our engineers to test-bed innovative construction methods, all the while keeping at the top of their minds the need for sustainable development."
He added: "Many of the engineering innovations first deployed in this development are being implemented to a greater degree at the Tuas Terminal Phase 1, now in construction."
When the Pasir Panjang expansion is completed next year, it will help increase Singapore's overall container-handling capacity to 50 million twenty-foot equivalent units (TEUs) per year.
Singapore plans to move all its port activities to Tuas South from 2027, freeing up prime land in Tanjong Pagar and Pasir Panjang for residential and mixed-use developments.
The Tuas Terminal will be developed in four phases over 30 years, with Phase 1 scheduled to be completed by the early 2020s.
The entire Tuas Terminal could eventually handle 65 million TEUs of cargo annually - nearly double what Singapore handled in 2014.
Mr Loh Yan Hui, deputy chief executive for infrastructure at Surbana Jurong, which the MPA consulted for the Pasir Panjang Terminal expansion, said: "We are pleased to support MPA in their efforts to strengthen Singapore's port infrastructure that will reinforce Singapore's position as a global hub."

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

It not really for using. When we got experience building, we can build for other countries mah. So simper you dunno.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

mojito said:

It not really for using. When we got experience building, we can build for other countries mah. So simper you dunno.

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Than how cum Sinkie Gahman alwiz taken for a ride by other Cuntries.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

mojito said:

It not really for using. When we got experience building, we can build for other countries mah. So simper you dunno.

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Clever. Yes you are right. Singapore is a lab.

But our scholars are such poor businessmen even third world hustlers can take them for a ride.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

maybe construction company owned by Pinky and co .............

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

OrLanChowHorFun said:

maybe construction company owned by Pinky and co .............

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World wide shipping slump now due to poor china economy, so bad that even NOL has to be sold. Build so much extra capacity at $3.5 billion for fuck?

HONG KONG — Singapore became the second Asian hub port to declare slowing container throughput in June following weak growth reported by Shanghai last week in the run up to the peak season period from July to September.

The port of Singapore handled 2.62 million 20-foot-equivalent units during June, a significant 7.7 percent decline over the same month last year, and coming after no growth in May’s year-over-year volumes, according to Maritime and Port Authority of Singapore data.

In the first six months, container throughput fell 3.1 percent to 16 million TEUs as the port handled almost half-a-million fewer boxes than in the same half in 2014.

Singapore is the world’s second busiest port in the world and its largest transshipment hub, but the declining year-over-year volumes are a result of weakening demand, especially in the European economies. The Southeast Asian port is better placed to serve the Asia-Europe and Asia-Mediterranean trade rather than the trans-Pacific.

Singapore’s falling June throughput comes on the heels of slowing growth at Shanghai. Last week the world’s largest container port reported virtually flat growth of 0.7 percent in June, but that was a 2.5 percent decline in the volumes handled during May.

In the first half, Shanghai handled 18.03 million TEUs, up 4.5 percent but flattered by solid growth in the first quarter.

Hong Kong’s June throughput figures will be released later this week with the port needing a strong comeback to buck a sharply declining volume trend. The last 11 months have seen declining year-over-year volumes, with the last three months falling by double-digits compared to the same months last year.

There is little to celebrate on the Asia-Europe trade, but Asia-U.S. routes are expected to pick up handsomely from this month, according to the monthly Global Port Tracker report. It predicts import volume at the busiest U.S. container gateways during July will hit 7.3 percent compared to the same month last year as retailers prepare for back-to-school sales.

U.S. consumer spending rose by 0.9 percent in May, the largest increase since August 2009, the Commerce Department said. That indicates consumer confidence is returning — a positive sign for imports, said Ben Hackett of Hackett Associates, which produces the monthly Port Tracker for the National Retail Federation.

Port Tracker said ports it covered in June were estimated to have handled 1.56 million TEUs, up 5.5 percent from 2014. July is forecast at 1.6 million TEUs, up 7.3 percent; August also at 1.6 million TEUs, up 5.5 percent; September at 1.63 million TEUs, up 2.4 percent; October at 1.61 million TEUs, up 3.5 percent, and November at 1.5 million TEUs, up 7.5 percent.

Volume through the ports during the first half of 2015 was estimated at 8.8 million TEUs, up 6.4 percent over the same period last year.

The Port Tracker report covers the ports of Los Angeles, Long Beach, Oakland, Seattle and Tacoma on the West Coast; New York/New Jersey, Virginia, Charleston, Savannah, Port Everglades and Miami on the East Coast, and Houston on the Gulf Coast.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Singapore on fiscal spending like North Korea with borrowing upon borrowing to inflate fake numbers. CIA and Mi6 are shrewd. They did a very psycho profile of the Lees. They are the people that easy to control.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Bigfuck said:

Singapore on fiscal spending like North Korea with borrowing upon borrowing to inflate fake numbers. CIA and Mi6 are shrewd. They did a very psycho profile of the Lees. They are the people that easy to control.

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Greedy money
minded people are always easy to control

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

I don't say is a smart move but it is a move we have to gamble.
if we don't try, for sure we are finished.
if we try, there is a chance for us to survive. who care if the chance is slim.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

PAP is just following the time-tested wisdom of spending money to make money. It's the same reason why malls and coffee shops keep renovating and re-renovating every couple of years.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Thos port can easily be developed into another cbd when TUAS port is ready. I think that is why they expanded it.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

truly a bunch of fucktards.wasting our treasury and reserves when times of drought are coming.son of a bitch i rather they spend 3.5 billion on more casinos and theme parks and resorts and get a higher return.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

u know what is a moronic government,a government who got so used to spending money in the last fifteen years because of good times where spending more money in good economy brings more good results (because of bubble and bust cycle) instead of coming up with creative ingenious non monetary solutions,now they think spending more money is going to solve all their problems but the economy bubble has burst and nothing is going to stop the great depression unless tharman start up the printing press and start 4 rounds of 100 billion dollars quantitative easing to help ease singapore's constipation and bowels in the toilet bowl.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

syed putra said:

Thos port can easily be developed into another cbd when TUAS port is ready. I think that is why they expanded it.

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yes, the returns on developing the current harbor front for high end offices and residences far outweigh the cost of moving the harbor to tuas.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Pah Bang Ah?

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Pls migrate lah.. Your govt is stupid and causing problems for everyone. My god.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Singapore needs large continuous ongoing construction projects to keep economy going, The construction industry consists of many different players from diverse sectors.
Many industries and companies are involved. From supplying of building materials , equipments to design and engineering services ,etc etc.
Great opportunity for small and local companies.

That is the reason we will be building T5 , future MRT stations and lines. The official rhetoric is the usual oft used standard explanation - planning for the future.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

The $3.5B is gambling money. They are betting (and hoping) that the Kra Canal will not be built by Thailand & China. Same as uncles and aunties pay $100 at RWS in the hope of winning more.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

Reddog said:

The $3.5B is gambling money. They are betting (and hoping) that the Kra Canal will not be built by Thailand & China. Same as uncles and aunties pay $100 at RWS in the hope of winning more.

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Kra canal will be built and I want it to happen. I want to see sinkieland and it's pathetic ball-less population fall down hard.

Re: Why would PAP spend $3.5 billion on expanding container port, when its going down

just finished watching the Big Short movie 2015,iv been thinking is it a good idea to start getting out of the sg market and diversifying your investments overseas in the US?the situation in SG now seems like the same premise in the movie,it seems the whole country is going to the shitters but singaporeans are still clueless,almost every sector in SG is down.hospital tourism is reporting its down,shipping is down,real estate and rental is down,retail is down,manufacturing is down,oil and gas is down,banking is down.....every company is axeing jobs even sph.

maybe the second coming of the BIG SHORT is coming!!!!!!