Liberalization of Tug Services - Issuance of Public License to Jurong Marine Services Pte Ltd

21 August 1998

The Maritime and Port Authority of Singapore (MPA) issued a public licence for towage services to Jurong Marine Services Pte Ltd today. This is in line with MPA's liberalisation policy announced in Aug 97.

Jurong Marine Services will now join the existing companies, PSA Corporation, Sembawang Marine and Logistics Ltd (SML) and Keppel Smit Towage Pte Ltd, in providing towage services to our port users. The licence will be valid for a period of 30 years.

Since the announcement in Aug 97, MPA has carried out the liberalisation of tug services in phases, with the aim of providing port users with reliable and value-for-money tug services, thereby enhancing the competitiveness of the Port of Singapore and maintaining our status as a world premier port.

End of Statement.