Enagás has awarded a contract to Spanish engineering company Ayesa to redesign the jetty at its Huelva LNG terminal. The revamped mooring set-up will enable the loading of small-scale gas carriers, including LNG bunker vessels (LNGBVs), and the direct loading of bunker tanks on LNG-powered vessels. This will be the third such project undertaken by [...]
Zhang Weiliang, CEO of UAV company Avetics Global, explains how the use of drones & automation are increasingly becoming part of the future for tank storage maintenance. The concept of using a drone to inspect a storage tank is a concept often mentioned in the storage industry, and several potential means of implementing the technology [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
