SATS

[orang]

Very interesting transaction. I was under the impression that the Singapore Cruise Centre was built with public money- the way Changi Airport and the SMRT stations are built. And as such, logically it should classified as public infrastructure. So how is it that it can be sold to a private entity like SATS?

Even more interesting is the fact that SATS-Creuers has the license to operate the cruise terminal till 2027. So what happens if SATS-Creuers dun win the next operating license tender? Does the new operator (if SATS-Creuers dun win) has to pay SATS some cost in using the cruise terminal? Or is this a clever attempt by SATS to lock in and entrench their position as a cruise operator?

[EDIT] Sorry. I think I'm confusing between Singapore Cruise Centre (the infrastructure) and Singapore Cruise Centre (the terminal operator). The proposed acquisition is for the terminal operator and not the infrastructure. Sorry for the confusion.

And the vendor of Singapore Cruise Centre is none other than Temasek.

The package includes the three ferry terminals