Singapore may build first mega floating oil terminal in second-half

Singapore may build its first floating oil storage unit in the second-half of this year following years of planning. JTC Corporation, a Singapore government agency, unveiled that final-stage engineering for the floating oil terminal at Pulau Sebarok has started, with tenders for its construction expected around June.


The very large floating storage (VLFS) is likely to be operated by global oil terminal operator Royal Vopak. JTC had last month awarded a tender to the Jurong Consultants/British Maritime Technology Group consortium for front-end engineering design for the VLFS. The mega floating structure would cost at least S$180m, with storage capacity of about 300,000 cubic metres, made up of two modules of 150,000 cbm of storage each.
(Source:http://www.seatrade-asia.com)