Aster has officially launched Aster Port & Terminals (APT), a new storage and logistics business in Singapore, marking a significant expansion of its marine, terminal, and storage infrastructure. The initiative includes a major investment to enhance crude storage capacity at Pulau Bukom by more than 1.3 million barrels.
APT’s infrastructure features 13 marine wharves across Pulau Bukom and Pulau Ular, a tank storage capacity of up to 4.3 million cubic metres, and a Single Buoy Mooring capable of accommodating Very Large Crude Carriers with up to two million barrels of oil. This development opens Aster’s existing infrastructure to commercial customers, aligning with its strategy to create an integrated energy platform.
Contracts for the rejuvenation of crude oil storage tanks have been awarded to Overseas Technical Engineering and Construction Pte. Ltd., a subsidiary of DIALOG Group Berhad, and PEC Pte. Ltd. This project is part of Aster’s broader plan to leverage its 60-year legacy in terminal operations to foster growth and strengthen Singapore’s status as an energy hub.
Deputy CEO of Aster, Andre Khor, emphasised the strategic importance of this launch, stating: “The launch of Aster Port & Terminals is an important step in building Aster into a broader, integrated energy platform.”
Bryan Tan, Managing Director of DIALOG, expressed pride in supporting APT’s infrastructure rejuvenation, whilst PEC’s CEO, Robert Dompeling, highlighted the significance of their partnership with APT in enhancing Singapore’s energy infrastructure. Both companies were chosen for their expertise and safety performance.
