VTTI’s ATT Tanjung Bin has positioned itself to absorb the growing demand for fuel oil in Asia following an expansion of its facility in 2015
ATT Tanjung Bin capitalises on offering logistical assets for Asia’s biggest energy product, fuel oil, as well as being part of the world’s biggest market for excess fuel.
Situated in the heart of the FOB Straits, Asia’s most dynamic trading hub, the facility has expanded its operations further with an extra 260,000 m3 of capacity for fuel oil as well as constructing an additional berth.
In addition to handling greater volumes of vessels as a direct consequence of its expansion, the facility is also reaping the benefits of being part of Platts’ changed FOB Straits oil price assessment last year.
PLATTS PRICING BENEFITS
The new assessment came on the back of further storage expansion in nearby Johor and the Riau Islands and meant that the trading of products extended beyond Singapore’s traditional boundaries.