A new ship dock will be built at Stolthaven Houston which will increase access to the terminal and minimise waiting and turnaround times.
The dock project, which will be capable of handling tankers and barges, is part of company-wide upgrades and expansions to its global network of 19 owned and joint-venture facilities.
Construction of the dock is expected to begin in the third quarter of 2017, with operations expected to start in the fourth quarter of 2018.
Infrastructure improvements form part of Stolthaven's long-term strategic plans for the facility in the Port of Houston, where congestion is a key challenge.
Guy Bessant, president of Stolthaven Terminals, says: 'This new dock will efficiently accommodate tankers of up to 50,000 deadweight tonnes, and represents the latest of our ongoing multi-million dollar infrastructure investments at Stolthaven Houston.
'Over the last several years we have added over 100,000 m3 of storage capacity, and doubled the capacity of our existing barge dock. These and other investments will enable us to deliver further improvements in safety, quality and efficiency going forward. At the same time, this new tanker and barge dock will allow us to develop currently vacant property, in order to offer additional storage to our customers.'
The company is also completing capital projects at its terminals in the UK, South Korea and Moerdijk, the Netherlands, which will increase global storage capacity by 180,000 m3.
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