Tank Storage News

/Tank Storage News/

Dutch Firm Vopak 2017 Earnings Beat Expectations, Shares Surge

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, [...]

February 19th, 2018|Tank Terminal|

Alpha Terminals Commits to €250 Million Investment in New Flushing Terminal

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 [...]

February 15th, 2018|Tank Terminal|

Vopak’s Terminal Barranquilla Received Bonded Warehouse Permit

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. [...]

February 9th, 2018|Tank Terminal|

Fujairah to Publish Commercial Storage Capacity Data

Fujairah Oil Industry Zone, in a bid to become a global oil trading and storage hub, has renewed a deal with S&P Global Platts to publish its commercial storage capacity data to the market every Wednesday. S&P Global Platts, an independent provider of information, benchmark prices and analytics for the energy and commodities markets, first [...]

February 5th, 2018|Tank Terminal|

Port of Rotterdam Makes an Extra 100 Hectares Available at Maasvlakte 2 for Distribution Companies

Increasing demand for port-related logistics real estate has resulted in the Port of Rotterdam Authority classifying a further 100 hectares of land at Maasvlakte 2 as a distribution park. ‘Distripark Maasvlakte West’ is currently the only available ‘greenfield’ site for distribution in the Port of Rotterdam, the company said in its press release. “Distripark Maasvlakte [...]

January 31st, 2018|Tank Terminal|

Ineos Storage Tanks At Antwerp Port

During the past month a pusher barge moored in the Antwerp port area on the Left bank of the Scheldt carrying four large storage tanks each 50 metres long. These cylinders came from a specialist tank builder in Germany and were carried down the Rhine to Antwerp. After being unloaded they continued their journey by [...]

January 29th, 2018|Tank Terminal|

Port of Antwerp Has Its 5th-In-a-Row Record Year

Last year the port handled 223.606.610 ton of goods, a 4.4% growth compared to 2016. Jacques Vandermeiren, CEO at Port of Antwerp: “Ending up a year with such growth figures, creates trust in the future”. Our companies also fully believe in the leading role and strengths of Antwerp, as they bare testimony to the numerous [...]

January 26th, 2018|Tank Terminal|

Rotterdam: On Course For LNG Bunkering In 2020

Rotterdam expects liquified natural gas (LNG) bunkering to be an unremarkable event in the port by 2020. The Dutch trading and bunkering hub, which has invested solidly in the alternative bunker fuel, is confident that LNG bunkering will form part of the port's regular services when the global sulfur cap on bunker fuel falls to [...]

January 23rd, 2018|Tank Terminal|

German LNG Terminal Launches Open Season

Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. are in the process of establishing the joint venture “German LNG Terminal GmbH”. The purpose of the joint venture is to build, own and operate an LNG (Liquefied Natural Gas) import terminal in northern Germany. The terminal will also provide LNG distribution services. To [...]

January 18th, 2018|Tank Terminal|

Romania’s Oil Terminal Signs Services Deal with Oscar Downstream

January 16, 2018 [SeeNews] - Romanian cargo handling company Oil Terminal said on Friday it has signed a deal estimated at 24.0 million lei ($8.6 million/7.5 million euro) with local diesel fuel distributor Oscar Downstream for services to be provided by the terminal in 2018. Under the contract, Oil Terminal will handle the discharging of [...]

January 16th, 2018|Tank Terminal|