March 30, 2010 [SupplyChainDigital] - Service and customer satisfaction remain a priority for Vopak Terminal Durban. However, as its Financial Manager Mark Sessions reveals, the company is also focused on streamlining operations and expansion Read More>>
March 30, 2010 [Het Financieele Dagblad/TankTerminals.com] – According to the Dutch financial newspaper “Het Financieele Dagblad” Vopak acquired a tank terminal from the Puma Group in Brazil. Read More>>
29th March 2010 [Ocean Intelligence] - Some fuel oil trading firms are reported to be cutting their tank storage capacity in Singapore.
"The market has become increasingly congested with players and cargoes," a Singapore-based Western trader told Reuters.
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March 30, 2010 [al.com] - MOBILE, Ala. -- A business that owns oil terminals on Blakeley Island and in Chickasaw has filed for Chapter 11 bankruptcy reorganization, after its business soured and it couldn't repay almost $60 million in construction loans. Read More>>
March 30, 201 [Reuters] - FUELOIL-STORAGE/ASIA (UPDATE 1)
* Some fuel oil players reducing storage capacity
* Operating environment difficult this year due to oversupply
* New players seen taking up storages
Wednesday March 31, 2010 [Reuters] Fuel oil trading firms are reducing leases on storage tank capacity for the first time in at least seven years in an attempt to rein in spiralling costs in a weak market, industry sources said on Monday.
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March 29, 2010 [Fortune Oil] The Board of the South China Petroleum Company joint venture (of which Fortune Oil owns 37 percent) has approved the expansion of the West Zhuhai Oil Products Terminal which will double the terminal's storage capacity. This will involve the construction of 5 new tanks with capacity of 220,000 cubic meters, after which the terminal will have 22 tanks and a capacity of 457,000 cubic meters. Read More>>
March 30, 2010 [PortWorld] - Singapore's JTC Corporation is on course to prepare construction tenders for very large floating storages (VLFS) following the completion of phase two project studies this month, reports said. Read More>>
25 March 2010 (Business News) The competition watchdog says it will not oppose Coogee Chemicals' purchase of Gull Petroleum's Kwinana terminal, after Royal Vopak complained the transaction would lessen competition.
Coogee chief executive Phil Thick told WA Business News the Australian Competition and Consumer Commission wrapped up its investigation into the $40 million transaction earlier than expected.
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March 23, 2010 [Opis] - The estimates for the number of ocean-going vessels used for storing distillates vary among shipping analysts and brokers, but the general consensus is that the number has dropped significantly since the beginning of this year. Read More>>
March 22, 2010 [Bloomberg] - Asian Tank Terminal Ltd., a joint venture between Switzerland’s Vitol Group and Malaysian shipping group MISC Bhd., is in talks with banks for a $250 million loan, according to two people with direct knowledge of the matter.
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March 19, 2010 [Western Australian Business News] - Coogee Chemicals chief executive Phil Thick is confident a $40 million terminal transaction with Gull Petroleum will go ahead as the competition watchdog prepares to deliver its findings. Read More>>
March 18, 2010 [Port of Rotterdam] - The Port of Rotterdam Authority has started a study to develop the sites locally known as ‘Kop van de Beer’ and ‘Stenenterrein’, both along the western edge of the Europoort area. Until recently the Liongas LNG terminal was planned to be realized on the sites. There proved to be insufficient demand from the market for the terminal so the project was cancelled.
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March 18, 2010 [Botlek Tank Terminal] - The contract for the expansion of Botlek Tank Terminal’s tank storage capacity in Rotterdam, from 11,000 m3 to 200,000 m3, has been signed on 18 March. The expansion involves the construction of 130,000 m³ storage tanks for mineral oils and 70,000 m³ storage tanks for vegetable oils or biodiesel.
The contract has been awarded to Polimex-Mostostal S.A.
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March 17, 2010 [Reuters] - Saudi Arabia's Arabtank Terminal (ATTL) is boosting its oil storage capacity at the Red Sea coast port of Yanbu by 580,000 cubic metres, industry sources said on Wednesday.
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March 13, 2010 - [Simon Storage] - Simon Storage Ltd has won a prestigious contract to supply specialist gas storage and handling facilities at its Seal Sands Terminal on Teesside, England, for BOC. Read More>>