April 24, 2017 [OPIS] - Sprague Resources said that its wholly owned subsidiary, Sprague Operating Resources LLC, has completed the purchase of refined product terminal assets from Carbo Industries and Carbo Realty (Carbo) for about $70 million, plus payments for inventory and other customary items.
April 21, 2017 [OPIS] - Kinder Morgan Inc. (KMI), the nation's largest gas pipeline company, reported $401 million net income to shareholders in 1stQtr 2017. This is up 45% from $276 million in 1Q16 and more than double the $170 million reported for 4Q16.
April 21, 2017 [OPIS] - Pin Oak Terminals LLC announced Thursday that it has closed on a debt facility provided by co-lead arrangers Sumitomo Mitsui Banking Corporation (SMBC) and ING Capital LLC to complete construction of the current phase of contracted tanks at Pin Oak's site in Mt. Airy, La.
April 19, 2017 [Royal Vopak] - Vopak’s Q1 2017 financial results improved compared to the previous quarter supported by favourable exchange rate effects. Compared to Q1 2016 the financial results decreased, mainly due to divestments and the somewhat lower occupancy rates.
April 19, 2017 [Zenith Energy, L.P.] - Zenith Energy, L.P., an international liquids and bulk terminaling company, announced that it has entered into an agreement with Cargill, one of the world’s largest food and agriculture companies, for the storage and handling of palm oil in Zenith’s Palermo Tanks Terminal located in the port of Barranquilla, Colombia.
April 17, 2017 [TankTerminals.com] - This list is a weekly summary of tank storage opportunities across multiple locations. All enquiries will be handled by an independent team of Rotterdam-based brokers, who will look for suitable storage to allocate your bulk liquid cargo.
April 14, 2017 [Platts] - Singapore LNG Corporation and the Maritime and Port Authority of Singapore jointly launched the city-state's first LNG truck loading facility Wednesday, which is ready to commence operations, MPA said Thursday.
April 13, 2017 [OPIS] - Enterprise Products Partners announced Wednesday that the combined exports and imports of hydrocarbons at its marine terminals, including 18 deep-water docks along the Texas Gulf Coast, surged to what it claims is a record 146 million barrels in the first quarter of 2017.