SATS, the publicly listed company which
provides catering for Singapore Airlines and
several other carriers operating in Singapore,
has announced the purchase of the Singapore
Cruise Centre for S$110 million.
The operation, which includes terminals at
HarbourFront Centre, Tanah Merah and Pasir
Panjang, is currently owned by Singapore’s
state-backed investment fund Temasek.
SATS will buy the business through its SATS
Airport Services and SATS-Creuers Cruise
Services subsidiaries.
SATS-Creuers is jointly owned by SATS and
Creuers de Port de Barcelona, and already
operates the Marina Bay Cruise Centre
Singapore.
SATS said it will extend its existing Cruise-Fly
and Fly-Cruise services from Changi Airport
to the newly acquired HarbourFront terminal
which will enable easier passenger and
baggage transfers.
The deal will also enable more efficient
deployment of berths and resources, to
further promote Singapore as a regional cruise
hub and attract more operators to the city.
