(EnergyAsia, May 26 2010, Wednesday) — Logistics firm Panalpina has opened a new facility in Singapore dedicated to serving the oil and gas industry, effectively raising its global warehousing capacity by 10%.

The 20,000 sq m facility in Loyang Offshore Supply Base in eastern Singapore is connected to the company’s upstream support operations in the world’s other major oil and gas centres in Houston, Aberdeen and Dubai. The Singapore facility is sited near a base jetty in natural deep water that can accommodate floating installations and oilfield supply and service vessels.

The site, leased for 10 years from Toll Offshore Petroleum Services (TOPS), includes 1,100 square meters of office space, 7,000 square meters of warehousing and an open yard space of more than 14,000 square meters.

TOPS, a subsidiary of Australia’s Toll Holdings, operates the Loyang base and investing S$400 million to develop it over the next five years.

“Despite the crisis, Panalpina in South-east Asia stayed the course and continued with various projects already started or planned for,” said Panalpina’s South-east Asia managing director Volker Sachse.

“Our strong focus on the development of specific industry verticals remains, and we are delighted by the opening of our new and advanced facility. This offers our clients a superior platform for their activities in South-east Asia and beyond.”

The Panalpina Group is one of the world’s leading suppliers of forwarding and logistics services, specialising in global supply chain management solutions and intercontinental air freight and ocean freight shipments.