Jurong Port expects cargo volumes to return to normal in coming months after current drop
It has commenced construction of its S$200 million ready-mixed concrete port-centric ecosystem
Singapore
WHILE volumes coming through Jurong Port (JP) have dropped, the port operator said it is confident that "volumes will go back to normal in the next couple of months".
"With construction effectively coming to a halt the last few months, there has not been any cement coming through because the cement silos are full . . . For steel, we've managed to find a storage space for steel companies to bring in their inventory, and they've also taken advantage of the relatively low steel prices due to the Covid-19 impact to stock up," said Saw Kok Wei, JP's president of business units.
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