Royal Vopak's Japanese joint venture Nippon Vopak, in which it has a 40% ownership, has reached an agreement with Mitsui & Co to acquire 100% of the assets in the Nagoya and Moji Tank Terminals in Japan.
Both terminals operate as distribution terminals, handling the import of chemical and oil products via incoming vessels and providing the required storage and loading of outgoing vessels, tank trucks or drums.
With the acquisition of the terminals Nippon Vopak strengthens its position as provider of independent bulk liquid storage in Japan, which is the largest chemicals market in Asia.
The terminal in Nagoya, which is located in the Chubu region, consists of 31 tanks with a total capacity of 37,300m³ and one jetty for seagoing vessels.
The terminal in Moji, which is located in the Kyushu region, consists of 22 tanks with a total capacity of 46,400 m³ and two jetties, one for seagoing vessels and one for barges.
Both terminals are currently fully used by a number of Japanese oil and chemical companies.
The facilities will become part of Nippon Vopak's Japanese terminal network, which already consists of three terminals in Kawasaki, Kobe, and Yokohama. Together with the terminals in Nagoya and Moji the total storage capacity in Japan increases to 220,500m³.