Tank Storage News

/Tank Storage News/

Odfjell to Sell Rotterdam Terminals

Odfjell Terminals has announced its intention to sell its 100 percent ownership of Odfjell Terminals Rotterdam (OTR) and Odfjell Terminals Maritiem to Koole Terminals of the Netherlands for $155 million. The intended transaction would reduce Odfjell Terminals' net debt by around $35 million. Odfjell SE's share of the proceeds is expected to amount to around [...]

August 16th, 2018|Tank Terminal|

Oiltanking Africa to Expand its Saldanha Bay Oil Hub

Oiltanking Africa has announced it is expanding its crude oil storage facilities by 30% at its Saldanha Bay Oil Hub in South Africa. The hub is currently able to hold up to 45 million barrels and will see the addition of 13 million barrels of storage and blending facilities added by the end of next [...]

July 14th, 2018|Tank Terminal|

Koole Tankstorage Minerals to Expand Storage and Rail Facilities

Koole is to further expand its biodiesel storage portfolio and block train rail facility at Koole Tankstorage Minerals (KTM) in Rotterdam. This new development will enable customers to centralise their biodiesel and diesel storage portfolio at one site with “high end” logistics. This expansion will increase the rail capacity to a level unprecedented in the [...]

June 29th, 2018|Tank Terminal|

Exxon Mobil, Plains Partner on Permian Pipeline Project

Exxon Mobil is joining the race to build out pipeline networks that stretch hundreds of miles across Texas to deliver crude oil from the booming Permian Basin to refining and port hubs near Houston. Exxon Mobil said Tuesday it plans to create a joint venture with Houston's Plains All American Pipeline to construct a multibillion-dollar [...]

June 18th, 2018|Tank Terminal|

Odfjell Sees Significant Earnings Upside for its Chemical Tankers

Chemical tanker firm Odfjell sees significant upside potential to its earnings ahead as low-yielding contracts expire, new vessels are brought in and market rates for transporting chemicals recovers, it said on Tuesday. In total, 18 of Odfjell’s ships come off time-charter (TC) contracts this year, out of a fleet of 83 vessels. “We still have [...]

June 12th, 2018|Tank Terminal|

Ogra Proposes Construction of Ten New Oil Storage Facilities

10 new oil marketing companies are expected to be established next year for more effective supply of petroleum products across the country. The Oil and Gas Regulatory Authority (Ogra) has proposed the construction of 10 new oil storage facilities, having a combined capacity of 304,445 metric tons petrol and 446,335 diesel, during the financial year [...]

May 31st, 2018|Fuel Storage|

Brand-New Jetty At Rotterdam LBC Tank Terminals Ready For Vessels

LBC Tank Terminal Rotterdam recently accomplished a major milestone in their expansion project known as Rainbow with the birthing of the first vessel at a brand-new jetty, the company said in its press release. The LBC Tank Terminals Group is currently focused on expanding the LBC Rotterdam site in the Botlek area of Rotterdam, the [...]

May 24th, 2018|Tank Terminal|

Vopak Terquimsa Enters Phase II Expansion

Vopak’s Spanish joint venture Vopak Terquimsa is set to begin construction work on the second phase of its expansion project at the Tarragona terminal. With this second expansion, Vopak Terquimsa will see its capacity reach more than 40,000 cbm, reinforcing its already leading storage position in the Port of Tarragona. The expansion will take place [...]

May 19th, 2018|Tank Terminal|

HES Botlek Tank Terminal First In The Netherlands To Receive ISO 28000 Certification

The HES Botlek Tank Terminal has become the first tank terminal in the Netherlands to be awarded the ISO 28000 certificate. “And we are extremely proud of our achievement! The awarding of this certificate means that not only can we call ourselves the first tank terminal in the Netherlands to be ISO 28000 certified, but [...]

April 24th, 2018|Tank Terminal|

Dubai Trader Plans Fujairah Fuel Oil Treatment, Storage Facility to Cope With IMO 2020 Rules

Dubai-based Earth Wealth Energy plans to build a 360,000 cu m fuel oil storage and treatment facility at the port of Fujairah in readiness for International Maritime Organization’s 0.5% cap on sulfur content in bunker fuels from 3.5% currently from January 1, 2020, the company said. It plans to build 12-15 storage tanks and a [...]

April 14th, 2018|Tank Terminal|
error: