May 6, 2013 [SeeNews] - Norwegian shipping group Odfjell SE and US private equity firm Lindsay Goldberg LLC have sealed final transaction agreements for their joint venture (JV) to include substantially the whole tank terminal business of Odfjell, the latter said today.
May 06, 2013 [Indian Express] - Hardening its stance after India backed a UN resolution against Sri Lanka, Colombo has indicated that a decade-old MoU on a strategic oil tank farm in the island nation would have to be re-negotiated to include a Lankan partner in its operation.
May 06, 2013 [Reuters] - A project to connect Buckeye Partners LP's Perth Amboy, New Jersey terminal with a pipeline transportation hub in Linden is about three months ahead of schedule, Buckeye Chief Executive Officer Clark Smith said on Friday.
May 6, 2013 [Tulsa World] - Magellan Midstream Partners LP boosted first-quarter earnings by shipping more refined products through its pipelines. The Tulsa-based company Thursday reported a 20.8 percent increase in net income from a year ago, earning $113.0 million for the quarter.
May 3, 2013 [News Wire] - Gibson Energy Inc. is pleased to announce that it has received committed customer support for an additional 500,000 bbl crude oil storage tank at the Company's Hardisty Terminal.
May 03, 2013 [OPIS] - PBF Energy Inc. reported on Thursday a first-quarter operating income despite some market challenges, including the outage at the Toledo facility, narrowing crude oil differentials and increasing costs of compliance with the renewable fuels standard.
May 03, 2013 [Reuters] - TransCanada Corp, Canada's No. 2 pipeline company, said it would spend an estimated $900 million to build and operate a 200-kilometer (125-mile) pipeline and oil storage terminal to cater to growing crude production in Alberta.
May 03, 2013 [OPIS] - Enterprise Products Partners plans to significantly expand its crude storage and distribution infrastructure serving the Southeast Texas refinery market, and this will be completed by the fourth quarter of 2014, the company said Thursday.
May 1, 2013 [OPIS] - Kinder Morgan and the Port of Los Angeles have agreed to a five-year lease extension for Berths 118-119 at the Southern California Port (Kinder Morgan Carson) ahead of expiration of the previous 25-year term for Permit 708 in mid-April, officials from Kinder Morgan and Port told OPIS on Tuesday.
April 30, 2013 [OPIS] - Terminal revenues at IMTT storage facilities rose in the first quarter compared to a year ago, Macquarie Infrastructure Co. (MIC) reported late Monday, but free cash flow generation decreased principally as a result of restoration work at IMTT's terminal in Bayonne, N.J., after Hurricane Sandy.
April 29, 2013 [Oman Observer] - With construction work on a new, modern General Cargo Terminal well under way at the Port of Salalah, authorities have embarked on a plan to redevelop the old, existing general cargo terminal to make way for, among other things, a future tank storage facility, oil jetty, value-added business zone, limestone stockpile area, coal and iron ore berth, and a host of modernised berths.
April 29, 2013 [KBKW] - Greater Grays Harbor Inc hosted the Business Forum Luncheon. Health, Safety, Environment, & Quality Regional Manager Ken Shoemake from Westway Terminals laid out their plans for a $50-million dollar expansion at Terminal 1 to accommodate crude oil exports from the Port of Grays Harbor.
April 29, 2013 [Stuff] - A 20 tonne nitric acid tank was manufactured for Stolthaven Bluff, which services the dairy industry in the region, providing storage for chemicals, vegetable oils and tallow. Crown Sheetmetal transported one of its biggest products to Stolthaven's Bluff terminal today.
April 29, 2013 [Arabian Supple Chain] - Horizon Terminals Limited (HTL), the terminals business and wholly owned subsidiary of Emirates National Oil Company (ENOC), has said that its new oil terminal in Jebel Ali, with a storage capacity of over 141,000 cubic metres, is on schedule for expected completion by end-2013.
April 26, 2013 [Ship & Bunker] - Royal Vopak N.V. (Vopak) reported a pre-tax operating profit of €140.7 million ($183 million) in the first quarter of 2013, up 1 percent from the same period last year.