One of the ultimate shareholders of Oiltanking Odfjell Terminal Singapore has completed the transfer of its shares in the facility to an infrastructure fund managed by Macquarie Infrastructure and Real Assets (MIRA).
Odfjell Terminals has completed the share transfers following the announcement in May last year of its intent to sell.
Following the transfer, the terminal's name has been changed to Oiltanking Singapore Chemical Storage. Both Oiltanking and MIRA each have a 50% shareholding in the facility.
The terminal, on Jurong Island, offers 82 tanks with capacities ranging from 800 m3 to 18,000 m3, making up a total capacity of 402,000 m3.
Growing Contanda's storage footprint in HoustonPetrochemical production fuels a bright storage future Oil market eyes November Iran sanctions hiatus A new name in Cushing Unleashing the potential of American energy Storage for the US's largest refining market Expanding the US global market share Trade war questions temper US midstream sector growth plans Safe & productive solutions for tank cleaning Ground improvement plays supporting role for storage tanks