Horizon Singapore Terminals ranked in ‘Fastest Growing 50’
Rushika Bhatia
Industry Watch

Horizon Singapore Terminals ranked in ‘Fastest Growing 50’

Horizon Singapore Terminals, a subsidiary of Horizon Terminals Limited, a terminal operator owned by Emirates National Oil Company (ENOC), has been ranked in the prestigious Fastest Growing 50 (FG50), which features Singapore’s top 50 companies based on the outstanding corporate growth achieved in the past three years.

The FG50 Awards ranks the top 50 companies in the country that have attained the highest three-year Compounded Annual Growth Rate (CAGR) and includes all the currently ranked Singapore 1000 and SME 1000 companies.

The FG50 Awards are organised by DP Information Group (DP Info), Singapore’s leading credit and business information bureau, with Ernst & Young Solutions LLP, and supported by the Accounting and Corporate Regulatory Authority (ACRA), Infocomm Development Authority of Singapore (IDA), International Enterprise Singapore (IE), SPRING Singapore (SPRING), the Singapore Business Federation (SBF) and The Business Times.

Howard Pang, General Manager, Horizon Singapore Terminals received the award from Teo Eng Cheong, CEO of International Enterprise Singapore at a ceremony held at Raffles City Convention Centre, Singapore.

To qualify for the ranking, firms must have to demonstrate at least 10% turnover growth or better every year in the past three years and must be profitable for each of the three years. The ranking recognises the achievement of companies that have distinguished themselves consistently, and spur the companies to strengthen operations internationally.

Horizon Singapore Terminals is currently one of the largest independent bulk liquid storage terminal facilities in the Far East, and is a key partner in the development of Singapore’s oil logistics infrastructure. The terminal plays a vital role in supporting the country’s position as one of the most robust oil trading centres and the largest bunker port in the world.