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Panalpina inaugurates oil gas logistics facility in Singapore extends contract HTC
Panalpina has inaugurated its first dedicated Oil & Gas logistics facility in Singapore; and has expanded its contract with mobile phone manufacturer, HTC Taiwan. Panalpina’s new facility, which will exclusive serve shippers in the oil & gas industry, reflects the company’s commitment to the oil and gas industry – in Singapore and beyond.
According to chief operating officer Karl Weyeneth, Panalpina has a
strong focus on the South East Asian markets, and this new hub will
support the company’s global upstream network and connect the region
with other major oil and gas centres in Houston, Aberdeen and Dubai.
“Singapore remains a key strategic centre for Panalpina to sustain our
growing market share in the trans-Pacific route,” said Weyeneth.
Freight volumes between Asia and the western world are also booming, and
intra-Asian trade is forecast to grow at a compound rate of 6.2%.
The new built-to-suit oil & gas complex, located within the Loyang
Offshore Supply Base in Singapore, features a 7,000 m2 covered warehouse
and 14,000 m2 of open yard space. It increases Panalpina Singapore’s
total warehousing capacity to more than 30,000 m2.
The facility is also close to the base jetty, providing natural deep
water conditions that facilitate the handling of floating installations
and oilfield supply and service vessels.
In other news, HTC Taiwan has renewed Panalpina’s contract for a second
year to handle airfreight exports and imports of its mobile phones to
and from Hong Kong, Shanghai and Taipei.
The contract extension also represents an increase of shipping
destinations over the previous year’s contract. Panalpina will transport
HTC airfreight to and from countries in Africa, Asia, Europe and North
and South America.
Source: Eye for Transport
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