Vopak has announced it is celebrating 35 years of progress in Singapore. From one terminal with just about 30 tanks in 1983 to five terminals with nearly 500 tanks today, Vopak Terminals Singapore has grown into a leading tank storage services provider at a major hub location with over 350 professionals, storing vital products from oil, chemicals to gases through its network of terminals. It is now celebrating 35 years in Singapore.
The business environment in which Vopak operates is continuously changing and becoming more complex. For example, challenging oil markets, implementation of a 0.50 percent sulphur cap on bunker fuels by the International Marine Organization (IMO) and the changing dynamics of the energy transition, to name a few. In anticipation of these changes, Vopak has invested in a number of initiatives in recent years to strengthen Vopak and Singapore’s long term competitive position.
This includes the expansion of Sebarok terminal with 67,000 cbm of storage to cater for handling of marine gasoil, strengthening its position as the bunker hub of choice with flexibility of handling multiple fuels.
In line with MPA’s directive to improve port efficiency, Vopak is introducing a new efficient and safe concurrent bunkering service at its Sebarok terminal in Singapore. With this innovative service, vessels calling at Vopak’s Sebarok terminal can receive bunkers from bunker barges simultaneously while loading or discharging at the Vopak terminal.
Another investment is in a major service improvement project at Penjuru terminal to service the growing chemical market, as well as the development of an LPG import and distribution facility at Banyan terminal, Southeast Asia’s first such facility, to serve the petrochemical industry. Gearing towards becoming a strategic gas centre in the future, the LPG facility will also enhance the competitiveness of Singapore’s energy and chemical industry.
Finally, the upgrading of existing infrastructure and leveraging automation at various terminals to boost throughput capability and, more efficiently handle and blend different types of fuels.
Vopak currently employs over 350 employees in Singapore. On an average, employees have stayed for about 10 years and some as long as over 30 years with the organisation. “Our people are at the heart of our business. We take pride in our people-oriented culture and developing our talents as they grow with the company,” said Mr Tan.
As part of its anniversary celebration this year, Vopak employees will lead a community project Vopak WeConnect Young Achievers to help over 100 youths and primary school students in Singapore broaden their career perspectives through workshops and defray the cost of new school term necessities with stationary vouchers.
“For 35 years, we have been storing vital products ranging from oil, chemicals to gases safely for our customers and we will continue to do so. Through the years, we have grown from strength, from our facilities in Sebarok, Penjuru and Jurong Island to establishing our regional operations here in Singapore. As pioneers in our industry, we are honoured to have been a part of the economic development of Singapore and look forward to continue working with great partners including PSA, EDB, JTC Corporation and MPA* to drive new frontiers, progressing alongside Singapore towards a sustainable future.”
For more information visit: www.vopak.com
26th September 2018