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Terminal News


Terminal News
October 16, 2019
DJ South Gathering announces crude oil pipeline expansion
DJ South Gathering is expanding its crude oil gathering and transportation system in the DJ Basin with a series of pipeline projects.The Badger Pipeline, one of three large diameter transmission lines currently being constructed by DJS, started receiving crude oil this month...

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DJ South Gathering is expanding its crude oil gathering and transportation system in the DJ Basin with a series of pipeline projects.

The Badger Pipeline, one of three large diameter transmission lines currently being constructed by DJS, started receiving crude oil this month. With a throughput of 90,000 barrels per day, Badger transports production from southwestern Weld County and deliver into 300,000 barrels of dedicated crude oil storage at Platteville, the key crude oil hub within the DJ Basin in northeastern Colorado.

The DJS system includes the 220,000 barrel per day Matador pipeline, Bennet Station, the 150,000 barrel per day bi-directional Freedom pipeline and the Platteville storage and distribution network. Matador is due to be in service in late 2019. Bennet Station provides truck and gathered barrel origination into Matador, and crude qualities are segregated into onsite tankage. Freedom pipeline is the bi-directional, large diameter transmission line that will link Platteville to Lucerne West. This is the delivery point of ARB's existing Platte River gathering system in the northern DJ.

At Platteville, DJS is developing a header system that interconnects with multiple long-haul takeaway pipelines and delivers crude oil to downstream markets.



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Terminal News
October 16, 2019
Enterprise to expand ATEX ethane pipeline
Enterprise Products Partners will expand its Appalachia-to-Texas ethane pipeline based on customer commitments following a successful open season.The 1,200-mile ATEX pipeline transports ethane from the Marcellus/Utica Basin of Pennsylvania, West Virginia and Ohio to Enterprise's natural gas liquids storage complex in Mont Belvieu, Texas...

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Enterprise Products Partners will expand its Appalachia-to-Texas ethane pipeline based on customer commitments following a successful open season.

The 1,200-mile ATEX pipeline transports ethane from the Marcellus/Utica Basin of Pennsylvania, West Virginia and Ohio to Enterprise's natural gas liquids storage complex in Mont Belvieu, Texas.

Michael 'Tug' Hanley, senior vice president, pipeline and terminals for Enterprise's general partner, says: 'The success of the open season reflects the demand for additional, reliable ethane takeaway capacity from the Appalachian region of the country. The expansion of ATEX will facilitate growing production from the Marcellus/Utica Basin and will provide access to attractive markets on the Gulf Coast through Enterprise's integrated midstream network.'

Enterprise is currently evaluating expansion alternatives to increase capacity of the current 145,000 barrels per day pipeline by 45,000 barrels per day. The incremental capacity is expected to be achieved through improvements and modifications to existing infrastructure. The incremental capacity will be available by 2022.



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Terminal News
October 16, 2019
A Mediterranean outlook
The strategic benefits of the Mediterranean region as a southern regional hub for the petrochemical and chemical supply chain in Europe will be the key focus of the third hub day workshop.Following on from the success of previous editions, the next hub day will further explore the unique advantages of the Mediterranean for liquid bulk activity as well as the outlook for key product flows in the region...

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The strategic benefits of the Mediterranean region as a southern regional hub for the petrochemical and chemical supply chain in Europe will be the key focus of the third hub day workshop.

Following on from the success of previous editions, the next hub day will further explore the unique advantages of the Mediterranean for liquid bulk activity as well as the outlook for key product flows in the region.

The workshop aims to gather key experts and professionals from across the supply chain to identify what should be improved to increase the competitiveness of the region and help it become a sustainable alternative to the ARA.

The Port of Tarragona, along with the Tarragona Chemical Companies Association, is situated within the ChemMed cluster, a Mediterranean industrial, logistical, academic and scientific chemical cluster, which is actively promoting the regions chemical parks and facilities.

This year delegates will gain insights on the outlook for petroleum product flows in the Mediterranean area, the current chemical liquid bulk trends, perspectives from shipper, haulier and storage representatives, an outlook on intermodal transport developments, presentations from the ports of Tarragona and Marseille as well as an Italian port and the advantage of Mediterranean ports compared to the ARA for the liquid bulk supply chain.

Additionally, delegates will also be given a tour of the port of Tarragona and its facilities as well as taking part in a speed networking session.

Speaking to Tank Storage Magazine, Genoveva Climent, commercial and business development director at the Port of Tarragona, says: 'We want to continue to provide a platform for those of us that share the same vision, interests and assets and collaborate to help capture new flows for the Mediterranean region.

'We believe that the region has a great deal of potential and can play a key role as a logistics platform for the petrochemical supply chain. The insights that have been shared and discussed at previous hub days have helped provide a better understanding of what can be done to elevate the attractiveness of the region and we want to continue that debate.'

The hub day will take place in Tarragona, Spain on November 21 and 22. For more information visit www.hubdaytarragona.com.



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Terminal News
October 15, 2019
Stolthaven Terminals reports stable financials
Stolthaven Terminals has reported solid revenue and utilisation rates in its third quarter financials as storage markets remained stable.Third quarter revenue for the terminal division of Stolt-Nielsen was $62.9 million compared with $63.1 million in the second quarter of 2019...

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Stolthaven Terminals has reported solid revenue and utilisation rates in its third quarter financials as storage markets remained stable.

Third quarter revenue for the terminal division of Stolt-Nielsen was $62.9 million compared with $63.1 million in the second quarter of 2019. Utilisation at its wholly owned terminals was unchanged at 91%, with average storage and throughput revenue per cubic meter up slightly.

Its third-quarter operating profit of $19.5 million included a $0.6 million gain on the sale of Stolthaven's terminal in Altona, Australia. Equity income from joint ventures increased by $0.4 million in the quarter, driven by increased utilisation at the division's joint venture terminal in Antwerp, Belgium.

Niels G. Stolt-Nielsen, CEO of Stolt-Nielsen, says: 'At Stolthaven, we expect continued improvements in our results, driven by increased capacity and enhancements in operational performance and efficiency.

'The implementation of the IMO 2020 regulations to reduce sulphur oxide emissions is now less than three months away. Based on discussions in recent contract renegotiations, we expect to recover the increase in our fuel costs through bunker-surcharge clauses, thanks to a shared understanding among all parties that it is economically unfeasible for the shipping industry to absorb these costs.'



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Terminal News
October 14, 2019
BPGIC secures land to triple storage capacity
Brooge Petroleum and Gas Investment Company has secured an initial lease agreement for land to more than triple storage capacity at its terminal.This agreement for land in Fujairah will enable the company to carry out its phase III storage expansion and build the remaining 90% of a 250,000 barrel per day greenfield refinery...

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Brooge Petroleum and Gas Investment Company has secured an initial lease agreement for land to more than triple storage capacity at its terminal.

This agreement for land in Fujairah will enable the company to carry out its phase III storage expansion and build the remaining 90% of a 250,000 barrel per day greenfield refinery.

The first 24,000 barre phase of the refinery is being built in an adjacent location and is set to be finished in the first quarter of 2020.

Currently, BPGIC has 400,000 m3 of crude oil products storage and is constructing an additional 600,000 m3 of storage space in its phase II expansion for crude oil. This phase is due to be complete by the second or third quarter of 2020.

The company says in a statement: 'BPGIC expects that phase III alone could add storage and services capacity of 3.5 million m3, the size of BPGIC's projected operations post-phase II, which will be one million m3.

'BPGIC believes it could execute a final lease agreement, which would permit commencing plans and construction, for this land sometime in 2019. Concurrently, BPGIC has had discussions with top global oil majors, which have expressed interest in securing portions of the capacity of a phase III facility.'



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Terminal News
October 14, 2019
Total expands LNG partnership with Adani Group
Total has expanded its partnership with Adani Group that includes several assets across the gas value chain includes two LNG terminals.The partnership between Adani (50%) and Total (50%) has been established to contribute to the development of the Indian natural gas market, which has grown over the last three years by more than 5% per annum...

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Total has expanded its partnership with Adani Group that includes several assets across the gas value chain includes two LNG terminals.

The partnership between Adani (50%) and Total (50%) has been established to contribute to the development of the Indian natural gas market, which has grown over the last three years by more than 5% per annum.

Indian has a target of increasing the share of natural gas in its energy mix to 15% by 2030. The partnership includes two import and regasification LNG terminals, Dharma in East India and potentially Mundra in the West, as well as Adani Gas, one of the four main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Total will bring its LNG and retail expertise and will supply LNG to Adani Gas. Total and Adani will also establish a joint venture to market LNG in India and Bangladesh.

Nicolas Browne, Wood Mackenzie research director, says: 'Total's investment in Adani is undoubtably a show of faith in India's gas demand growth. Gas currently accounts for just under 6% of energy demand in India. Wood Mackenzie forecasts LNG demand will double from some 37 billion m3 in 2018 to reach 75 billion m3 by 2030, equivalent to 7% of the energy mix. LNG will meet approximately 50% of this demand growth, providing a major growth opportunity for Total.'



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Terminal News
October 10, 2019
Record numbers for Tank Storage Asia
Tank Storage Asia 2019 boasted record visitor numbers as terminals, traders, petrochemical producers and equipment suppliers gathered in Singapore.The event saw a 35% increase in visitors this year, attracted by a strong conference line-up, new one-to-one networking opportunities and a whole host of ground-breaking technologies on the show floor...

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Tank Storage Asia 2019 boasted record visitor numbers as terminals, traders, petrochemical producers and equipment suppliers gathered in Singapore.

The event saw a 35% increase in visitors this year, attracted by a strong conference line-up, new one-to-one networking opportunities and a whole host of ground-breaking technologies on the show floor.

Over 50 exhibitors were present on the show floor, with many new names appearing in 2019, including Matrix Applied Technologies, DoveChem, FQE Chemicals and APMS.

The show attracted decision-makers from across the region including representatives from Shell, Saudi Aramco, Total, Dialog, Chevron, BP Singapore, BASF, ExxonMobil, Singapore LNG, Horizon, Thai Oil Group, Rotary Engineering, Cargill, Neste Singapore, Pertamina, Odfjell Terminals and many more.

'It is a good event to meet with the industry's key players,' says Vincent Quek, regional manager at Dixon Valve. 'It saves us time and resources to meet in one place.'

Insights from industry leaders

The two-day conference programme featured speakers from key terminals in the region, including Vopak, Stolthaven and Oiltanking, who discussed crucial topics ranging from new sustainability initiatives, innovations and first-hand experiences on implementing new safety case regulations.

Edwin Ebrahimi, innovation engagement leader at Vopak spoke about the significant shift in innovation the terminal has seen in the last five years – from exploring proof of concepts in 2015 to having innovation truly embedded in the company's culture by 2020.

In this time Vopak has explored drones, wireless open and close sensors, digital checklists and remote-operated vehicles. 'We don't innovate for the sake of it,' Ebrahimi explained. 'First and foremost, we introduce new technology to create a safer environment at our terminals.'

'The industry has a joint responsibility to continue improving its safety performance. Sharing stories of successful deployments of innovations at events such as Tank Storage Asia helps raise awareness and speeds up the acceptance of innovation in our industry.'

Innovation and forward-thinking were key themes throughout the event, with Mark Stuart, the conference keynote speaker, giving a presentation on how the tank storage industry can move into the digital age.

Stuart asked the audience for their input on what is most important when it comes to driving the tank storage sector forward, and responses included the use of drones as well as ensuring companies 'fail fast' when it comes to testing out new initiatives.

He spoke about data being the next big commodity, saying that companies need to invest in data and have a comprehensive data strategy to ensure results.

Mark Lim, commercial manager at Stolthaven, along with Chye Poh Chua, CEO at ShipsFocus provided a unique insight into how Stolthaven is already using big data to its advantage. The partnership has been able to collect and use data to improve jetty scheduling - identify and reduce wait times, reduce demurrage and improve utilisation.

'This is the perfect event for the terminal industry,' Lim said. 'It's a great way of getting the industry together – terminal operators, our customers, and vendors – to share experiences. It has been a great success and we'll definitely be back next year.'

New business opportunities

With the event held just days after the drone strikes that knocked out half of Saudi Arabia's oil supply, it is no surprise that geopolitical tensions and volatile market conditions featured highly in the conference room.

Paul Hickin, associate director at Platts spoke of the fragile balance between supply & demand in today's marketplace. Oil demand worries continue in the wake of the global slowdown and the recession risk is now at 35%, Hickin explained. However, IMO2020 could provide a demand spike and oil demand growth could remain above 1 million b/d in 2019 and 2020.

S&P Global Platts predicted that oil prices are likely to break out of the $55-$65/barrel range, more likely testing the high of $70/barrel, if not up to $80/barrel. However, longer-term prices will head back to an average of around $55/barrel.

Sushant Gupta, director of Asia-Pacific refining at Wood Mackenzie echoed this, adding that product imbalances and changes to trade flows represent significant new opportunities for storage operators.

Gupta also spoke of the significant slowdown in oil demand growth, with current world demand growth at its slowest level for the past 10 years. Added to this, demand for gasoline is also expected to slow post-2030, as a result of higher penetration of electric vehicles & better fuel efficiency.

Overbuilding of refineries has created further imbalances, with around 3 million bpd of surplus capacity expected over the next 5 years.

The conference was attended by terminals, oil majors, analysts and regulators from across the region. 'The Tank Storage Asia conference provided us with an insight into the regional and global storage market' says Ramadan Fan, domestic marketing consultant at Saudi Aramco. 'This gave us the opportunity to connect with peers from across the industry'

New initiatives for 2019

Tank Storage Asia introduced TSA Connect, a one-to-one networking platform, which proved a huge success with exhibitors and visitors alike. Over 1,550 meeting requests were submitted through the networking platform in the lead-up to the event.

'This networking platform was a great addition to this year's Tank Storage Asia,' says Jon Verlander, regional sales manager at Saferack, 'It has helped us meet the people we needed to see at the show.'

This year's show attracted visitors from across the region, including Singapore, Malaysia, Indonesia, China, Vietnam, Australia, Thailand and the Republic of Korea.

'The southeast Asia market is a large market for us, but we don't have a lot of penetration here,' says Jeff Heath, general manager at Matrix Applied Technologies. 'Historically we've done very well in the region and we're looking to grow the business in the very near future. Tank Storage Asia helps us do this. This event pulls in the people we need to talk to in order to help us become more recognised in this region.'

After such a successful show, planning has already started on next year's event, which will be held on 7 & 8 October at the Marina Bay Sands in Singapore. Find out more at www.tankstorageasia.com



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Terminal News
October 10, 2019
Vopak divests Algeciras terminal to First State Investments
Vopak has sold all shares in Vopak Terminal Algeciras after acquiring to 20% of shares held by minority shareholder Vilma Oil.Once the transaction, valued at €125 million, is complete, it is expected to generate a net pre-tax cash inflow for Vopak of €120 million at completion...

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Vopak has sold all shares in Vopak Terminal Algeciras after acquiring to 20% of shares held by minority shareholder Vilma Oil.

Once the transaction, valued at €125 million, is complete, it is expected to generate a net pre-tax cash inflow for Vopak of €120 million at completion. The total expected exceptional gain before taxation will be around €10 million.

The news follows the sale of Vopak's terminals in Hamburg and Amsterdam to First State, which have been rebranded to Evos Hamburg and Evos Amsterdam respectively.



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Terminal News
October 9, 2019
Enterprise to expand Midland to Echo crude oil pipeline
Enterprise Products Partners has secured long-term agreements that support a further expansion of the Midland to Echo crude oil pipeline system. The company will build a pipeline that connects the partnership’s six-million-barrel Midland, Texas storage facility to its Echo terminal through its Eagle Ford system in South Texas...

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Enterprise Products Partners has secured long-term agreements that support a further expansion of the Midland to Echo crude oil pipeline system.

The company will build a pipeline that connects the partnership’s six-million-barrel Midland, Texas storage facility to its Echo terminal through its Eagle Ford system in South Texas.

This pipeline will have an initial capacity of 450,000 barrels per day and can be expanded up to 540,000 barrels per day. Enterprise’s Houston crude oil distribution system includes more than 45 million barrels of storage and four million barrels per day of export capacity from its network of marine terminals and connects to every refinery in the Houston Texas City and Beaumont/Port Arthur area, representing 4.5 million barrels per day of capacity. It is expected to begin service in the first half of 2021.

The pipeline will also allow Enterprise to optimise its entire Midland to Echo system, which will be comprised of four pipelines, by moving barrels in the most cost-efficient manner. The expansion will also enable the company to maximise the operation flexibility of the Seminole Red pipeline in either crude oil or NGL service based on the needs of the respective markets.

A.J ‘Jim’ Teague, CEO of Enterprise’s general partner, says: ‘Enterprise continues to benefit by providing customers with integrated crude oil services. Our system allows us to provide producers in the Permian Basin and Eagle Ford shale with segregated storage, transportation, distribution and marine terminal services. This integrated model supports customers’ need for flow assurance and market choices, whether the markets are domestic or international. It also enhances the value of production destined for international markets by assuring product segregation, quality and consistency based on the customer’s production.

‘Crude oil and NGL production from the Permian Basin and the Eagle Ford is expected to increase by five million barrels per day by 2025. This project gives us the flexibility to respond to changing customer demand for crude oil and NGL pipeline capacity over the long-term.’



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Terminal News
October 4, 2019
Holly Energy & Plains form pipeline and terminal JV
Plains All American Pipeline and Holly Energy Partners have created a joint venture company Cushing Connect Pipeline & Terminal to develop a new crude oil pipeline and operate a Cushing storage terminal.The 50/50 joint venture has been created to build a new 160,000 barrel per day common carrier crude oil pipeline that will connect the Cushing, Oklahoma crude oil hub to the Tulsa, Oklahoma refining complex owned by a subsidiary of HollyFrontier...

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Plains All American Pipeline and Holly Energy Partners have created a joint venture company Cushing Connect Pipeline & Terminal to develop a new crude oil pipeline and operate a Cushing storage terminal.

The 50/50 joint venture has been created to build a new 160,000 barrel per day common carrier crude oil pipeline that will connect the Cushing, Oklahoma crude oil hub to the Tulsa, Oklahoma refining complex owned by a subsidiary of HollyFrontier. It will also build and operate a 1.5-million-barrel crude oil storage terminal in Cushing, Oklahoma.

The terminal is expected to be in service during the second quarter of 2020, and the pipeline is expected to be in service during the first quarter of 2021. Long-term commercial agreements have been entered into to support the joint venture assets.

The JV will contract with an affiliate of Holly Energy to manage the construction and operation of the pipeline and with an affiliate of Plains to manage the operation of the JV terminal. The total joint venture investment will be shared proportionately among the partners and is estimated to total $130 million, including the existing JV terminal contributed by Plains valued at $40 million.

George Damiris, CEO of the general partner of Holly Energy, says: 'The new joint venture will provide growth to Holly Energy by insourcing logistics spend and provide the capability to supply 100% of HFC's Tulsa refinery crude throughput. Our partnership with Plains generated Holly Energy growth while providing HFC long-term control of a strategic asset.

Plains All American executive vice president – commercial Jeremy Goebel adds: 'This win-win joint venture aligns with our strategy of optimising existing assets to provide value-chain solutions for long-term industry partners in a capital efficient manner.

'This investment expands our relationship with a key operational hub service customer and provides additional long-term alignment on movements to the Tulsa refinery.'



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Terminal News
October 3, 2019
Evos Amsterdam terminal launches following Vopak acquisition
The former Vopak Terminal Amsterdam Westport facility has changed ownership and has been rebranded to Evos Amsterdam after it was acquired by First State Investments.The tank terminal, which was established in 2011, offers a total storage capacity of more than 1...

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The former Vopak Terminal Amsterdam Westport facility has changed ownership and has been rebranded to Evos Amsterdam after it was acquired by First State Investments.

The tank terminal, which was established in 2011, offers a total storage capacity of more than 1.2 million m3 for various liquid products. Ramon Ernst, who will remain as managing director of the terminal, is existed about the future business prospects for the terminal.

'The Evos Amsterdam terminal is an industry-leading facility for the storage and handling of clean petroleum products. We will continue to deliver outstanding service to our customers and adhere to the highest standards in safety, environment protection and efficiency.

'We are part of a worldwide energy supply chain that serves a broad range of thriving markets. Amsterdam is already a major hub for energy products and is well positioned to become a frontrunner in the transition to new forms of energy production, storage and distribution. With our new owners we look forward to contributing to these exciting developments.'

Alex Nassuphis, director of infrastructure investments, First State Investments, adds: '[The terminal] provides an excellent fit with First State's long-term infrastructure investment philosophy. FSI looks forward to working with the highly skilled management team and employees on site and continuing to develop and grow the business.'



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Terminal News
October 2, 2019
NextEra Energy acquires Meade Pipeline
NextEra Energy Partners will acquire Meade Pipeline and its interest in the Central Penn Line for $1.37 billion.The agreement includes $90 million in future capital contributions through 2022, which are related to an expansion opportunity at the existing pipeline...

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NextEra Energy Partners will acquire Meade Pipeline and its interest in the Central Penn Line for $1.37 billion.

The agreement includes $90 million in future capital contributions through 2022, which are related to an expansion opportunity at the existing pipeline.

Meade Pipeline owns a 39.2% interest in the Central Penn Line, a 185-mile intrastate natural gas pipeline that is an integral part of a pipeline system regulated by the Federal Energy Regulatory Commission that provides the Marcellus natural gas producing region across to large demand centres in the mid-Atlantic and Southeastern regions of the US.

The pipeline has the capacity to transport and deliver up to 1.7 billion cubic feed of natural gas per day. The pipeline, which is backed by a minimum 14-year contract with an investment-grade-equivalent customer, is jointly owned by Transcontinental Gas Pipe Line Company, which operates the pipeline as a segment of its larger Atlantic Sunrise project.

Central Penn is a long-term contracted natural gas pipeline that is a critical resource to transport low-cost Marcellus natural gas to Mid-Atlantic demand centres.

Jim Robo, chairman and CEO of NextEra Energy, says: 'We are pleased to have reached a definitive agreement to acquire Meade Pipeline and its interests in the Central Penn Line, which is backed by an attractive fixed-lease payment with a high-credit quality customer, and further expand NextEra Energy Partners' investment in long-term contracted natural gas pipelines, helping mitigate any potential resource volatility in the portfolio.

'Meade Pipeline is a very attractive acquisition for NextEra Energy Partners, and is expected to yield a double-digit return to NextEra Energy Partners' limited partner unitholders and generate a cash available for distribution yield of roughly 14%.'



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Terminal News
October 1, 2019
Odfjell Terminals to provide terminal services for new Ineos plant
Odfjell Terminals Houston has been selected to provide bulk liquid terminal services for the ASA plant feed products at Ineos Styrolution's new plant.In March 2017, Ineos Styrolution announced plans to increase production capacity of Acrylonitrile Styrene Acrylate (ASA) and Acrylonitrile Butadiene Styrene (ABS) in the Americas...

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Odfjell Terminals Houston has been selected to provide bulk liquid terminal services for the ASA plant feed products at Ineos Styrolution's new plant.

In March 2017, Ineos Styrolution announced plans to increase production capacity of Acrylonitrile Styrene Acrylate (ASA) and Acrylonitrile Butadiene Styrene (ABS) in the Americas. This includes construction of a new 100-kta capacity ASA plant at its Bayport Texas plant site. This will be the first new plant to be constructed by Ineos Styrolution since its founding in 2011, having acquired its many production facilities through acquisitions of existing plant sites.

The facility will be constructed within the Ineos Styrolution Bayport site, which currently houses the world's largest styrene monomer plant. The new ASA plant is expected to be operational in 2021.

Odfjell Terminals Houston will provide terminal services for the ASA plant feed products, Butyl Acrylate and Acrylonitrile. This includes the receipt, storage and pipeline transfer fo these critical feed products from the terminal o the ASA plant.

The ASA plant site will include packaging and warehousing for the finished pelletised products for final distribution to their customers.



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Terminal News
October 1, 2019
New website launched for 2020 Global Tank Storage Awards
The Global Tank Storage Awards returns for its fourth edition boasting a whole host of new features including extra judges, a new interactive website, enhanced categories and video nominations.The awards ceremony and gala dinner returns to the Floating Pavilion on March 10, 2020 after the first day of StocExpo Europe...

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The Global Tank Storage Awards returns for its fourth edition boasting a whole host of new features including extra judges, a new interactive website, enhanced categories and video nominations.

The awards ceremony and gala dinner returns to the Floating Pavilion on March 10, 2020 after the first day of StocExpo Europe.

New judges joining the panel this year include:

• Leo Brand, chief information officer for Vopak

• Guy Bessant, president, Stolthaven Terminals

• Hugh Carmichael, director feedstocks trading and shipping at Ineos

• Earl Crochet, director of engineering and operational optimisation at Kinder Morgan

• Craig Garbutt, terminal manager for North East terminals at Navigator Terminals UK

• Fahad Askar, COO of Horizon Terminals

An all-new website has been created to make submitting nominations quicker and easier. A key feature of the new website is an easy, user-friendly platform where you can save, amend and track your nominations. All entrants will have their own account, allowing access to a live tracking feature, displaying the status of each nomination.

For the first time in 2020, companies are also able to enter their nomination via video.

Once nominations close in February 2020, all 15 judges will be able to log on to this website to view nominations and videos, submit their feedback and ultimately decide on the award winners.

More categories

Following feedback from previous years, two new categories have been launched for 2020. The Port Innovation Award will recognise the port that is working the hardest to create a circular economy, digitalise its offering or use new technology to improve overall customer service & efficiency.

The Emerging Technology Award will recognise a cutting-edge technology that allows forward-thinking storage terminals to keep pace with a rapidly changing working environment.

Why nominate?

Submitting a nomination is absolutely free. It gives people the opportunity to present their company or technology to a panel of 15 respected experts within the tank storage sector, as well as receiving worldwide exposure.

Winners will be acknowledged as leaders in their field, generating excellent marketing opportunities, boosting the company's reputation and helping to attract new customers.

Previous winners at the Global Tank Storage Awards include Saudi Aramco, LBC Cepsa, Euro Tank Terminal Rotterdam, Shell Haven UK, Vopak Terminal Eemshaven, Emerson, Implico, EEMUA and many more.

For more information, to see the new website and to submit a free nomination visit www.tankstoragemag.com/awards.



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Terminal News
September 30, 2019
German LNG shortlists four EPC contractors for tender
Four internationally operating EPC contractors have been shortlisted to continue the tender process for the German LNG Terminal project.Essential qualifications that have been assessed are safety track record, experience in design and construction of similar projects, awareness of German codes and practices and financial strength...

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Four internationally operating EPC contractors have been shortlisted to continue the tender process for the German LNG Terminal project.

Essential qualifications that have been assessed are safety track record, experience in design and construction of similar projects, awareness of German codes and practices and financial strength.

The shortlisted companies are: Cobra Instalaciones y Servicios – Sener Ingeniería y Sistemas, Hyundai Engineering - Korea Gas Corporation, Sacyr Fluor - Entrepose Contracting / VINCI Construction Grands Projects - Sacyr Somague and Tecnicas Reunidas - Heitkamp HIKB.

The EPC tender closing is on December 5, with the contract award planned before the end of April 2020.

The scope of the contract contains a jetty with two berths for LNG caqrriers ranging from 1,000 up to 265,000 m3, both with LNG unloading and loading capabilities, LNG storage tanks, LNG vapourisation and distribution facilities for a total capacity of up to 8 bcm per annum.

The permit approval process for the German LNG Terminal project is moving steadily forward and serious commercial interest in the project is shown by heads of agreements signed by major European and non-European LNG players.



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Terminal News
September 30, 2019
Vopak completes sale of Amsterdam & Hamburg terminals
Vopak has completed the divestment of its storage terminals in Amsterdam and Hamburg to First State Investments for €600 million.The total agreed transaction includes a contingent consideration of $15 million, which is subject to certain revenue conditions...

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Vopak has completed the divestment of its storage terminals in Amsterdam and Hamburg to First State Investments for €600 million.

The total agreed transaction includes a contingent consideration of $15 million, which is subject to certain revenue conditions. The transaction generates a cash inflow for Vopak of €55 million.

Vopak is currently in talks with the current minority shareholder of the Algeciras for the sale of its 80% share interest fore the same purchase price and terms and conditions as agreed with First State Investments.

At the completion of the transaction of the terminal in Algeciras, the use of the total sales proceeds will be announced in line with the company's strategy and financial framework.



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