Tank Storage News

/Tank Storage News/

Odfjell Builds New Tank Bay at Odfjell Terminal Houston

Odfjell is constructing a new tank bay at Odfjell Terminal Houston (OTH), continuing to expand and invest in its terminals platform to support ongoing regional growth in the chemical industry. The company is investing in and expanding its terminals platform with the addition of a new, modern, automated tank bay. Bay 13 at Odfjell Terminals [...]

January 14th, 2022|Fuel Storage, Tank storage, Tank Terminal, US Terminals|

Port of Rotterdam to Study Possibilities of Installing More Shore-Based Power

The Port of Rotterdam Authority and the municipality of Rotterdam have commenced studies at various terminals at the port to introduce shore-based power to the container, cruise and liquid bulk sectors. Hutchison Ports ECT Rotterdam (ECT), APM Terminals (APMT) Maasvlakte II, Vopack and Cruiseport Rotterdam terminals are all closely involved in the studies. The findings [...]

January 2nd, 2022|Rotterdam storage, Storage News|

Oil Storage Group Vopak Cuts Growth Investments Guidance after Q3 Beat

Dutch oil and chemical storage company Vopak reported on Friday a profit beat for the three months to September but lowered its full-year guidance for growth investments. The group, which runs tank terminals worldwide, said its growth investments should reach about 275 million euros ($314.57 million) in 2021, down from the range of 300 million [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

Several Rotterdam Terminals to Be Ready for Hydrogen Imports by 2025

In the Port of Rotterdam, the first companies are busily preparing for the storage, processing and transit of hydrogen: a promising energy carrier that will allow companies to make the transition to climate neutrality. Tank terminals at Europoort This is one of the findings of a study conducted by the Port Authority into the development [...]

November 28th, 2021|Fuel Storage, Rotterdam storage, Storage News, Tank storage, Tank Terminal|

VTTI to Close Antwerp Bitumen-Producing Refinery

Terminal owner VTTI is to close its bitumen-producing ATPC refinery in Antwerp, Belgium, stoking concerns about supply of the road-paving product after a string of recent capacity terminations.   Trading firm Vitol, which supplies feedstocks to and markets bitumen from the refinery, said today it had been “notified by VTTI of its intention to close [...]

October 28th, 2021|Fuel Storage, Rotterdam storage, Storage News|

Why the Oil Market is Both Bullish and ‘On Edge’ After the OPEC+ Oil Output Decision

Monitoring oil demand will be much more important than ever, after the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, on Monday kept their current agreement to gradually raise their production of crude oil. The decision led to a rally in oil prices to multiyear highs as traders anticipate that [...]

October 14th, 2021|Storage News|

New Terminals to Boost Storage Capacity

LNG import terminals, to be built in 12-15 months, will help cope with gas crisis Pakistan is all set to install two more liquefied natural gas (LNG) import terminals over the next 12-15 months to deal with the ballooning gas crisis after the government approved connection of the terminals with transmission and distribution network from [...]

October 14th, 2021|Fuel Storage, Storage News, Tank Terminal|

Port of Fujairah Expecting Record Throughput for Liquid Bulk in 2021

The Port of Fujairah, the world’s third-biggest bunkering hub, is expecting a record year in throughput for its liquid bulk volumes as the facility continues to grow its services and terminals boost their operations, its business development manager said Sept. 28.   “Liquid bulk is outperforming our expectations,” Martijn Heijboer told the Fujairah APPEC virtual [...]

October 5th, 2021|Fuel Storage, Storage News|

Top Ten: Oil Refineries in Africa by Capacity

As hydrocarbon exploration ramps up in many resource-rich basins across Africa, countries are turning to downstream developments in order to increase domestic production capacity, reduce refined product imports, and maximize the benefits of Africa’s significant oil and gas resources. Through the development of large-scale oil refineries across the continent, Africa continues to position itself as [...]

October 5th, 2021|Tank Terminal|

Stolthaven Terminals & Revivegen Announce Plans to Build New Terminal in Taiwan

Stolthaven Terminals and Revivegen Environmental Technology Co. LTD have signed a letter of intent to jointly develop a new greenfield terminal in Kaohsiung Port, Taiwan. Following Revivegen’s successful award of a land lease at the port, the two companies are currently working on a comprehensive feasibility study. Stolthaven Terminal’s interest in the new JV is [...]

September 21st, 2021|Storage News, Tank storage, Tank Terminal|
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