Latest News

May 2009

ST Electronics Wins S$12M Contracts From
Bangladesh Chittagong Port Authority

Singapore, 14 May 2009 — Singapore Technologies Electronics Limited (ST Electronics) has been awarded contracts totalling about S$12m by the Chittagong Port Authority (CPA), Bangladesh to supply, install, test and commission a Container Terminal Management System (CTMS) and a Management Information System (MIS). The contracts also include the provision of maintenance services for both systems for a period of four years. The contracts to be funded by the Asian Development Bank are awarded to ST Electronics’ subsidiary, ST Electronics (Info-Software Systems) Pte. Ltd. Work will commence immediately and is expected to be completed by December 2010. This is the first Terminal Operations solution that ST Electronics is undertaking. ST Electronics is the electronics arm of Singapore Technologies Engineering Limited.

The CTMS will allow container terminal operators to achieve accurate tracking of their containers using RFID (radio frequency identification) technology within a secured wireless network. The system will streamline terminal operations by optimising vessel planning and utilisation of yard space and crane resources.

The MIS involves computerising CPA’s internal processes to maximise its efficiency and productivity.  By transiting from a manual, paper-based operational system to a transparent expeditious IT system, CPA aims to provide faster ship turnaround and shorter container dwell time, thus reducing shipping and port costs. The system is expected to help Bangladesh enhance its competitiveness as its current shipping and ports costs are higher than those of neighbouring ports (Reference : ADB Report, by Nathan Associates Inc.).

We are excited about this win as it is a good illustration of how technology empowers and improves our customers’ processes. We will continue to work towards increasing our market reach as we establish our track record.

SEAH Moon Ming
President, ST Electronics

The award of these contracts is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.

Information on CTMS

The CTMS will assist in vessel planning in which stowage factors like type and weight of containers, yard constraints and operating strategy are taken into consideration before selection of the best container to load in real-time.  It will help reduce planning time by as much as 70% and increase yard productivity and responsiveness to operational challenges.  Yard space utilisation will be better optimised with the help of the CTMS which will assign containers to an optimal position based on business rules and constraints of the terminal, reducing the wastage of yard space due to inefficient decking.

The CTMS will also provide real-time monitoring of crane schedules, vessel container moves, vessel activities, and vessel labour assignments.  Vessel planners will achieve more accurate predictions of container movement and completion times, increase productivity and benefit from a more tightly-integrated equipment control.

ST Electronics (Info-Software Systems) has 20 years of experience in designing, implementing and supporting mission critical command, control and intelligence (C2I) systems including C2 simulation. Using its Common Application Platform (CAP) and dual use technology, it delivers homeland security systems and e-Government services and solutions. Its e-Government implementations comprise managed services and turnkey solutions. Based on its Service Transformation™ framework, the company delivers premier quality solutions and services, in turn enabling its customers to better serve their customers.

ST Electronics, the electronics arm of ST Engineering, delivers innovative system solutions to government, commercial, defence, and industrial customers worldwide.  With presence in more than 30 cities in 20 countries, ST Electronics markets its solutions to more than 70 countries internationally.  It specialises in the design, development and integration of advanced electronics and communications systems, such as broadband radio frequency and satellite communication,  e-Government solutions, information communications technologies and IT, rail and traffic management, real-time command and control, modelling and simulation, interactive digital media, intelligent building management and information security. Please visit www.stee.stengg.com.

Media contact:

Magdalen Loh
AVP / Head, Corporate Communications
Singapore Technologies Electronics Limited
Tel: (65) 6413 1788 / 9822 3321
Fax: (65) 6484 8840
Email: magloh@stee.stengg.com