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  • Top features from: Volume 11, Issue 5
    There’s no stopping them...
  • Top features from: Volume 11, Issue 5
    Pengerang Terminal is only the beginning..
  • Top features from: Volume 11, Issue 5
    Jewel of the Asian maritime highway
  • Top features from: Volume 11, Issue 5
    Storage wars: the international oil trading hub race

Latest News


General News
August 25, 2015
Storage operators could ultimately lose out as they work within a challenging environment despite the recent major trading play according to Yaw Yan Chong, director of Thomson Reuters Oil Research and Forecasts For the second time in two years, Asia's fuel oil market saw...

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General News
August 25, 2015
Rising global liquid stocks have been attributed to the fact that global production of petroleum and other liquids has continued to outpace consumption since August 2014.According to the Energy Information Administration, part of the US Department of Energy, total global...

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Terminal News
August 21, 2015
Royal Vopak has experienced an increase in its revenues of 8% to €53 million primarily due to a higher average occupancy rate.In its first half year of 2015 financial results, the storage operator noted that this increase was due to the 'positive sentiment' in the market...

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Terminal News
August 21, 2015
Oil trader Vitol's investment arm has acquired MISC Bhd's 50% share in VTTI BV for $830 million.Vitol already owns 50% of VTTI BV and the company will continue to operate as an independent, standalone company under the leadership of CEO Rob Nijst.Nijst says: 'Since inception,...

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Terminal News
August 20, 2015
The Energy Information Administration (EIA) has lowered its crude oil price forecasts amid an increase in global liquids inventories and continuing supply growth.The changed forecast expects that West Texas Intermediate (WTI) crude oil will average $49 (€43) per barrel...

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Terminal News
August 20, 2015
The final defendants, including the president of Freedom Industries, have pleaded guilty to a string of federal environmental crimes in connection with the 2014 Elk River chemical spill.Gary Southern (53), the president of Freedom Industries at the time of the spill in January...

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Terminal News
August 19, 2015
A newly commissioned jetty at Delta Rubis' Ceyhan Terminal will transform the facility into a world class oil storage hub.The jetty allows the company to build and break bulk large vessel cargoes from the outer Mediterranean region, increase its vessel throughput volume...

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Terminal News
August 19, 2015
A surge in the transhipment of oil products in Amsterdam has played a major role in the overall growth of transhipments in the North Sea Canal area.The seaports in the area, including the ports of Amsterdam, Ijmuiden, Beverwijk and Zaanstad have recorded a growth in transhipments...

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Terminal News
August 19, 2015
South Africa's Strategic Fuel Fund Association (SFF) plans to refurbish almost 40 storage tanks near Cape Town.According to Reuters, in documents handed to the government's energy committee, the SFF, which manages the country's emergency crude stocks, plans to refurbish...

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Terminal News
August 19, 2015
The CLH Group is developing new optimisation techniques relating to the movement of oil products to reduce emissions.The Spanish storage company launched the research, development and innovation project in 2014 following approval from the Centre for the Development of Industrial...

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Terminal News
August 18, 2015
The Saldanha Bay oil storage facility has been allocated R9.2 billion (€650 million) by South African President Jacob Zuma to turn it into an oil and gas hub.He made the announcement as he detailed the government's blueprint to unlock South Africa's coastal and oceanic...

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Terminal News
August 18, 2015
A 20% stake in the Acu Port Oil Terminal in Rio de Janeiro has been sold to Oiltanking for $200 million (€180 million).Oiltanking will manage the oil operations as part of the deal. The terminal is licensed to handle up to 1.2 million barrels per day and has the capacity...

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Terminal News
August 18, 2015
Tanzania International Petroleum Reserves (TIPER) is expected to double its storage capacity with the addition of two tanks.The tanks, with a capacity of 36,000 m3 each are expected to go on stream later this month. Both underwent a major refurbishment at a cost of $11 million...

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Terminal News
August 14, 2015
Prostar Capital's ownership in Fujairah Oil Terminal has been increase to 40% as a result of a follow-on investment.The private equity firm acquired its initial 18.6% stake in the terminal in late 2013 during the early stages of construction of the terminal. Operations at...

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Terminal News
August 13, 2015
The second phase of an expansion project at an oil storage facility in the Port of Tanjung Pelepas has been completed.Another 262,000 m3 of storage capacity has been added to the ATT Tanjung Bin facility in Johor, Malaysia, owned by VTTI.In addition to the extra capacity,...

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