BREAKING NEWS

Bumi Marine Group Secures Three-Year Acquisition Contract for 300,000 DWT Floating Storage Tank

10 September 2024

Bumi Marine Group is pleased to announce that we have signed a three-year contract for the acquisition of 300,000 DWT (Deadweight Tonnage) floating storage tank. This strategic agreement marks a significant step forward for the company as we continue to expand its presence in the maritime and offshore storage sectors.

 

The 300,000 DWT floating storage tank will enhance Bumi Marine Group's capacity to provide flexible and efficient storage solutions for crude oil and other petroleum products. This contract aligns with the company's commitment to delivering reliable and cost-effective services to its clients in the oil and gas industry.

 

Bumi Marine Group, a leader in land reclamation, oil & gas, and commodity supply, views this contract as an opportunity to further strengthen our portfolio of services and reinforce our position in the market.

 

A floating storage tank, commonly referred to as a floating storage unit (FSU) or floating storage and offloading unit (FSO), is used primarily in the oil and gas industry for the following purposes:

  1. Storage of Crude Oil or Refined Products: Floating storage tanks are used to temporarily store crude oil, refined petroleum products, or natural gas. They are commonly stationed near oil fields or at sea to store products before they are transported to refineries, distribution centers, or export terminals.

  2. Offloading to Shuttle Tankers: These storage units often serve as an intermediate storage solution where oil or gas is offloaded from production facilities and temporarily stored until shuttle tankers can transport it to its next destination.

  3. Production Facility Support: In offshore oil and gas fields, FSUs can be used in conjunction with Floating Production Storage and Offloading units (FPSOs) or platforms to store oil produced from wells before it is processed or transported.

  4. Reducing Onshore Storage Demand: By providing offshore storage capacity, floating storage tanks help manage excess supply, especially during times of high production or low demand. This reduces the strain on onshore storage facilities and provides flexibility in supply chain management.

  5. Strategic Reserves: They can also be used by countries or companies to store strategic reserves of oil or other petroleum products, allowing them to manage market volatility, price fluctuations, or geopolitical events.

 

Overall, floating storage tanks offer flexibility and scalability for the storage and transportation of petroleum products, especially in offshore and remote areas.



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AUGUST 2024

Bumi Marine visited Chairman of the Philippines Reclamation Authority (PRA), Mr. Alexander T Lopez

Bumi Marine is proud to announce that it has received support from the Philippines Reclamation Authority (PRA) to conduct reclamation works in various locations across the Philippines. This endorsement marks a significant step forward for Bumi Marine in its efforts to contribute to the country's infrastructure development through sustainable and efficient reclamation projects.

 

With the support of the PRA, Bumi Marine is set to undertake multiple reclamation projects that will involve land expansion and coastal development. These projects are aimed at enhancing urban development, mitigating coastal erosion, and providing more space for various commercial, industrial, and residential developments.

 

“We are honored to have the backing of the Philippines Reclamation Authority for our reclamation initiatives,” said Mdm. Sarina, Chief Liaison Officer of Bumi Marine. “This support underscores the PRA’s trust in our capability to deliver sustainable and high-quality reclamation projects. We are committed to adhering to the highest environmental and safety standards, ensuring that our works not only contribute to the country's growth but also respect its natural ecosystems.”

 

The PRA’s support will facilitate Bumi Marine's access to key resources, regulatory guidance, and technical expertise necessary for the successful execution of these projects. Bumi Marine's comprehensive approach to reclamation integrates environmental considerations, advanced engineering techniques, and community engagement, aligning with the PRA’s objectives for responsible and sustainable land reclamation.

 

The reclamation works will include dredging, landfilling, and the construction of coastal defense structures, among other activities. Bumi Marine will employ state-of-the-art technology and equipment to ensure minimal environmental impact and maximum efficiency in all its projects.

 

About the Philippines Reclamation Authority (PRA)

The PRA is a government agency responsible for regulating, managing, and overseeing all reclamation activities in the Philippines. It ensures that reclamation projects are sustainable, environmentally sound, and aligned with national development goals.


AUGUST 2024

Bumi Marine Enters Joint Venture with Zhong Hai Gravel Group Limited, a Subsidiary of China Railway Construction Corporation, for Logistics Support and Reclamation Works for the Bacoor Project

Bumi Marine, is pleased to announce the signing of a joint venture agreement with Zhong Hai Gravel Group Limited, a subsidiary of China Railway Construction Corporation (CRCC). This strategic partnership aims to provide logistics support and undertake reclamation works for the highly anticipated Bacoor Reclamation Project in the Philippines.

The Bacoor Reclamation Project is a major initiative designed to expand land resources and create new development opportunities in Bacoor City, Cavite. Under the terms of the joint venture, Bumi Marine and Zhong Hai Gravel Group Limited will combine their expertise, resources, and advanced technology to execute large-scale reclamation works that will support urban development, improve coastal resilience, and enhance economic activity in the region.

“We are excited to partner with Zhong Hai Gravel Group Limited, a company backed by the extensive experience and global footprint of China Railway Construction Corporation,” said Mdm. Sarina, Chief Liaison Officer of Bumi Marine. “This joint venture represents a significant milestone for us as we expand our operations in the Philippines. Together, we aim to deliver a sustainable and innovative reclamation project that will benefit the local community and contribute to the country’s development goals.”

Zhong Hai Gravel Group Limited brings to the table decades of expertise in large-scale infrastructure projects, backed by the technical and engineering capabilities of its parent company, CRCC, one of the world’s largest construction and engineering firms. The collaboration will focus on providing comprehensive logistics support, including material supply and transportation, as well as executing the reclamation works using state-of-the-art equipment and methodologies.


AUGUST 2024

Bumi Marine Awarded Contract for Construction of the Bacoor Reclamation and Development Project (BRDP) in the Philippines

SITE VISIT

The Bacoor Reclamation and Development Project is a $150 million USD initiative, covering 90 hectares, focused on land reclamation and development in Bacoor, Cavite, Philippines. As Bacoor rapidly grows within the Greater Manila Area, this project aims to support urban expansion, improve infrastructure, and boost economic development.

Bumi Marine is proud to be shortlisted as a contractor for this challenge.

The project is expected to commence by the end of September 2024.

 

The project includes four inland reclamation islands behind the Manila-Cavite Expressway (CAVITEX), with an aggregate area of 90 hectares.

 

The project includes several key components:

Constructing Revetments: Building revetments, which are structures designed to protect the shoreline from erosion and damage caused by wave action. These will help stabilize the reclaimed land and prevent soil loss

 

Reclaiming Land: This involves transforming areas from bodies of water into usable land through the process of land reclamation. This reclaimed land will be developed for various uses, including residential, commercial, and industrial purposes.

 

Sourcing Commodities: Procuring essential materials and resources needed for construction and development. This may include sand, gravel, and other construction materials required for both the reclamation process and infrastructure development.

 

Constructing Coastal Protections: Developing infrastructure to safeguard the new land from potential coastal hazards, such as storm surges and high waves. This may involve building seawalls, dykes, or other protective barriers to ensure the longevity and safety of the reclaimed areas.

 

These components are crucial for ensuring the success of the Bacoor Reclamation and Development Project, contributing to its goals of urban expansion, infrastructure improvement, and economic growth.


MARCH 2024

Bumi Marine has signed a Memorandum Of Understanding (MOU) with

Santarli Construction Pte. Ltd (Singapore) to supply sand to infrastructure projects in Singapore

Bumi Marine has entered into a Memorandum of Understanding (MOU) with Santarli Construction, a prominent construction company in Singapore, to supply sand for various construction projects in the country.

This partnership marks a significant step for Bumi Marine, as it will provide essential raw materials needed for infrastructure development and construction activities in Singapore.

The agreement outlines the terms of collaboration, with Bumi Marine committed to delivering high-quality sand that meets the specific requirements of Santarli Construction’s projects. This collaboration is expected to enhance the efficiency and sustainability of construction operations, supporting the growth of the industry in Singapore.

Frequently Asked Questions

What services does Bumi Marine Group offer?

We specialise in marine infrastructure development, coastal reinforcement, and underwater construction.

Where is Bumi Marine Group located?

Our business is based in Singapore, providing services across the region.

What is marine infrastructure development?

Marine infrastructure development involves constructing facilities such as ports, marinas, and other structures related to the marine environment.

“We are extremely satisfied with Bumi Marine Group's professionalism and attention to detail. Their dedication has exceeded our expectations.”

[Captain K.K. Chin]

Contact us

Reach out to Bumi Marine Group for all your marine infrastructure needs in Singapore.

Location

Bumi Marine Group
Singapore, Singapore

About us

Bumi Marine Group is a leading marine construction company based in Singapore, renowned for our commitment to quality and sustainability. With years of experience, our skilled team is adept at managing complex projects, ensuring they meet both client specifications and environmental standards. We pride ourselves on delivering innovative solutions, employing the latest technologies to create infrastructures that are not only durable but also eco-friendly. Our dedication to excellence and customer satisfaction has positioned us as a trusted partner in the marine construction industry.