Singapore, to meet the upcoming IMO 2020 sulphur cap regulation, has better positioned itself by having a new larger storage capacity of clean marine fuels, reports Seatrade Maritime News.
The joint venture
Singapore’s Jurong Port and Germany’s Oiltanking officially opened JPTT, a joint venture project in the making since Phase 1 construction started in May 2017.
“We now have 252,000 cu m of tank storage under Phase 1 of the project occupying some 12 hectares at Jurong Port,” said Ooi Boon Hoe, ceo of Jurong Port and chairman of JPTT, adding that the capacity is all for clean petroleum product storage such as marine gasoil (MGO).
Why focusing on MGO storage?
Ooi said that they will be useful in supporting Singapore’s bunker hub status by way of MGO storage.
“As Singapore is likely going to be short in MGO and supply areas (of MGO) will probably be from North Asia, MGO is going to be moved in larger vessels like suezmax, and we are suezmax capable”.
About JPTT
JPTT is supported by four deepwater berths capable of handling tankers up to 180,000 dwt.
The terminal is connected via pipelines to the Jurong Island petroleum and petrochemical network, enabling seamless transfer of products for storage, distribution and trading.
Ooi said that when the refineries need to crank up production of MGO because of potentially higher demand in the future, they can directly store the product.
Direct bunkering
Ooi pointed out that JPTT is also considering the possibility of offering direct bunkering for its berths to load MGO onto bunker vessels, thereby shortening the supply chain.
Phase 1
PetroChina has taken up 100% of JPTT Phase 1 tank capacity.
Phase 2
A Phase 2, scheduled to be completed in the next 18 months, will add 310,000 cu m of clean products capacity, bringing the total storage capacity to 562,000 cu m.
World’s top bunkering ports
Chee Hong Tat, Singapore’s Senior Minister of State at the Ministry of Trade and Industry, noted that the JPTT development provides opportunities for Singapore to enhance its position as one of the world’s top bunkering ports for low sulphur fuels.
“JPTT is purpose-built to handle clean petroleum products, including bunker fuels that comply with IMO’s regulations,” Chee said.
JPTT is expected to handle about 7m tonnes of clean petroleum products annually.
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Source: Seatrade Maritime News
