Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Press Releases / Singapore to Relocate Transhipping Operations to Bigger Port

Singapore to Relocate Transhipping Operations to Bigger Port

marine industry

Singapore is relocating its transhipment port operations to Tuas in 10 years’ time, Minister of Transport Lui Tuck Yew announced earlier this week.

Singapore company registration specialist Rikvin lauds the move, stating that this will further boost Singapore’s already thriving maritime sector and reinforce the city-state’s reputation as a leading international port.

Bigger Port, Larger Capacity

Located close to the Republic’s industrial center, Tuas is a new port development that can handle up to 65 million twenty-foot equivalent units (TEUs) annually, nearly double the 35 million TEU capacity of the city-state’s current PSA terminals.

The first phase of Tuas is scheduled to open in 10 years, just in time for the 2027 expiration of the leases for Singapore’s city terminals at Tanjong Pagar, Keppel, and Pulau Brani.

In the long term, the newly completed Terminals 1 and 2 of Pasir Panjang will be merged in Tuas as well. However, in the interim, port operator PSA Singapore will be proceeding with Phases 3 and 4 of the Pasir Panjang development, which will have 250 hectares of terminal space, plus 15 new berths and approximately 6km of quay length.

The Pasir Panjang expansion, which is estimated to cost about $3.5 billion, will increase PSA Singapore’s maximum draft from 16 to 18 meters to accommodate a new wave of mega-sized containerships that can carry 18,000 20-foot containers. By 2020, both phases will add 15 million TEUs of capacity, bringing the port total to 50 million TEUs.

This, however, is still less than the projected capacity for the Tuas Port, which, upon completion, can handle 15 million more container boxes.

In addition, according to Minister Lui, consolidating all transhipment operations to Tuas will bolster efficiency and economies of scale, eliminating the need for inter-terminal transfers, for example. A centralized system will therefore accrue enormous savings in time and expenditures for port operations, ultimately increasing efficiency and productivity.

“Singapore is renowned for its world class international ports,” remarked Mr. Satish Bakhda, General Manager and Head of Rikvin Operations. “By centralizing all port activities, we further increase our reputation as a premier maritime hub. Through this initiative, Singapore will have one of the world’s most advanced international ports. Amid this evident maritime boom, we are in good stead to attract more investors to form a Singapore company.”

Meanwhile, Singapore continues to improve its maritime industry by funding research on port system automation as well as optimizing techniques and technologies through the Port Technology Research and Development Programme.

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Government to Step up Inspections, Improve Compliance
Rich to Exit France Due to Tax Hike
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.