The Port of Singapore (PSA) recently announced plans to expand its Jurong Island Terminal (JIT) to build a more sustainable, efficient and resilient supply chain.
JIT, located on Jurong Island’s northwest waterfront, reportedly offers two daily barge sailings, connecting cargo owners on Jurong Island with PSA’s main hubs in Tuas, Pasir Panjang and Brani to access global markets.
Jurong Island is the center of Singapore's energy and chemical industry. The island is managed by the Singapore Industrial Estate Corporation (JTC) and has a total area of 3,000 hectares. More than 100 global companies are engaged in refining, olefin production and chemical manufacturing here.
While containerized raw materials and finished products can be transported to Jurong Island by truck, barges require less labor and will not cause road congestion. Carbon dioxide emissions will also be reduced by about 30%.
In recent years, the demand for barges at Jurong Island Terminal has continued to grow. It is reported that JIT volume increased by 13% year-on-year in 2023, setting a new record of 149,000 TEU.
It is reported that after the expansion of JIT, its annual processing capacity will be increased to 300,000 TEU to meet the forecast demand.
In addition to this, PSA will create new dangerous goods (DG) handling and cargo transfer facilities to complement its portfolio of physical and digital solutions designed to assist shippers to better manage inventory and supply chains.
The JIT expansion project is expected to be completed in 2025. It is reported that according to Singapore's green plan, this expansion will also help Jurong Island transform into a sustainable energy and chemicals park by 2030.
On March 8, PSA held a commemorative ceremony at its headquarters, PSA Horizons, with relevant stakeholders and partners attending the event.
"The port has always been a gateway and enabler to other pillars of Singapore's economy, providing reliable, resilient and competitive access to global resources and markets," said PSA Southeast Asia regional chief executive Quek Swee Lung.
"PSA and JTC's collaboration in expanding the JIT ensures that existing and future companies in Singapore's energy and chemicals industry will continue to benefit and achieve sustainable development for years to come."
JTC Assistant Executive President Chen Yongxian said: "As the demand for sustainable logistics continues to grow, Jurong Island's barge traffic will continue to rise. The expansion of JIT is in line with this growth, and the full cooperation with partners such as PSA is a good choice." This is a key step in our journey to establish Jurong Island as a sustainable energy and chemical park."
It is reported that in February this year, location data and technology platform HERE Technologies announced that it was helping PSA transform its container truck ecosystem.
