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 [...]
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 [...]
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 [...]
Geneva-based Vitol increased the volume of LNG it traded last year by 185%, to 7.4M tonnes from 2.6M tonnes in 2016. The performance pushed the company up into the top rank of LNG trading companies. Vitol has been active in LNG trading since 2006 and is now one of the four commodity merchants with a [...]
This is estimated by Mr Edwin Hupkes, who is for the Port of Rotterdam responsible for the expansion of the Botlek area. Today about 50 million tons per annum is being transferred in these docks. We expect that this will increase with 10 to 20% after the increase of the depth. The project requires an [...]
Fuel oil storage terminals are feeling the squeeze as the International Maritime Organisation (IMO) sulfur cap deadline looms ever closer. International Matex Tank Terminals, located near the port of New Orleans, has seen a number of storage leases cancelled for heavy fuel oil according to operator Macquarie Infrastructure Corporation and reported by the Financial Times. [...]
Odfjell extends and strengthens its existing jetty to accommodate vessels of the LR2 (Long Range) size with a maximum of 160,000 dwt. The expansion is done in close collaboration with the Port of Rotterdam. This functionality will underpin OTR’s mineral oil business and PID utilization ambitions as ship sizes continue to increase. As a result, [...]
Vopak on Friday said core earnings excluding exceptional items fell 7 percent in 2017 to 763 million euros ($957 million), but the Dutch oil and chemical storage company still beat forecasts and its shares rose sharply. Analysts polled for Reuters had on average expected earnings before interest, taxation, depreciation and amortisation (EBITDA), including joint ventures, [...]
The new 500,000 cbm-capacity facility at the Port of Flushing (Vlissingen), one of the ports of the new North Sea Port grouping, will offer storage for liquid bulk products, such as oil, oil products and chemicals. According to Alpha Terminals, the terminal, which will be constructed at the mouth of the Sloehaven, should be able [...]
Vopak’s Terminal Barranquilla in Colombia has received a Bonded Warehouse permit to store an additional 15,734 cubic metres of product without nationalizing. The company said this authorisation enables Vopak Colombia to better serve its customers. The Terminal Barranquilla is located near consumption and production centres and features some of the best infrastructure in the region. [...]
