Panalpina Invests in Singapore Logistics Facility

Panalpina opens a dedicated oil and gas logistics facility in the compound of Loyang Offshore Supply Base. It is designed and custom-built to cater to the needs of upstream customers like exploration and drilling companies.

Panalpina has invested an initial sum of S$15 million (US$11 million) and says that ongoing investment will be made to enhance the IT infrastructure.

Due to its strategic location next to the jetty, the facility offers ease of loading and unloading. The complex has 7,000 sqm of warehouse, 14,000 sqm of open yard and 1,100 sqm of office space. The structure is designed to withstand 30kN/sqm. It has RFID capability, wireless technology and an offshore container washing bay. 60 staff are stationed onsite.

At the official opening ceremony, Karl Weyeneth, COO, Panalpina group, said: “We have a strong focus on the Southeast Asia markets and this new hub in Loyang will support our global upstream network and connect the region with other major centers in Houston, Aberdeen and Dubai. Singapore remains a key strategic center for Panalpina to sustain our growing market share in the Far East Europe, Trans Pacific and Intra Asia routes.”

Responding to questions from LIA, Weyeneth said that Panalpina’s investment in this facility shows its commitment to Singapore. During the economic downturn in 2009, going against market sentiment, Panalpina doubled its warehousing space to 11,000 sqm, with the opening of a regional distribution facility in Changi International LogisPark. Explaining the rationale, Weyeneth said that Panalpina wants to provide better location, access and services to customers, regardless of economic situation.

Panalpina has 40 years experience in the oil and gas industry. It is operating in most of the major areas of exploration and production around the world, providing offshore and onshore logistics and related services.