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Free Trade Zones/Warehouses

Singapore has seven Free Trade Zones (FTZ); six for seaborne cargo and one for air cargo (Singapore Changi Airport), within which a wide range of facilities and services are provided for storage and re-export of dutiable and controlled goods. Goods may be stored within the zones without any customs documentation until they are released in the market, and they may also be processed and re-exported with minimum customs formalities.

The FTZ's at the port facilitate entrepôt trade and promote the handling of transhipment cargo. They offer free, 72-hour storage for import/export of conventional and containerized cargo and 14-day free storage for transhipment/re-export cargo.

The PSA Corporation Limited operates the world's largest container transhipment hub in Singapore. It provides shippers with a choice of 250 shipping lines with connections to 600 ports in 123 countries. This includes daily sailings to every major port in the world. As a testimony of its excellent efficiency and quality service, PSA Corporation was voted the 'Best Container Terminal' at the prestigious Lloyd's List Maritime Asia Awards 2000 for two consecutive years. PSA Corporation was also awarded the 'Best Container Terminal Operator (Asia)' for the 12th time, and Singapore the 'Best Seaport (Asia)' for the 13th time at the Asian Freight Industry Awards 2001. In addition to container terminal operations, the PSA Corporation provides a comprehensive range of port-related services, including cargo-handling, warehousing and distribution.

The PSA Corporation operates four container terminals in Singapore: Tanjong Pagar, Keppel, Brani and Pasir Panjang. It has 37 berths, including six berths at its mega terminal at Pasir Panjang Terminal. Equipped with 15-metre deep berths and quay cranes with an outreach of 18 rows across, the terminal can accommodate the largest container vessels available in the world today. Utilizing remote-controlled Overhead Bridge Cranes, which enable containers to be stacked up to nine-high, Pasir Panjang Terminal exemplifies the new generation of ports. The system also allows an operator to control up to six cranes, simultaneously, as opposed to one crane, previously.





  Copyright By :  Kish Trade Promotion Center  2002