Sign up
Log in Sign up
This is a legacy page. Please click here to view the latest version.
Mon 20 Jul 2009, 17:04 GMT

Vopak signs Malaysia oil terminal agreement


Proposed terminal will be a tank facility for storing, blending and distributing oil products.

Royal Vopak has announced that it has signed a Memorandum of Understanding (MoU) with Dialog Group Berhad (Dialog) from Malaysia. Both companies will jointly study the feasibility to develop an independent storage terminal for oil products in Pengerang, Johor in southern Malaysia.

The MoU enables Vopak to become a strategic business partner in the equity ownership and development of this independent deepwater storage terminal. The Pengerang region is located at the southern tip of Johor state, close to international shipping routes and Singapore’s international oil products hub.

The proposed terminal in the south-eastern Pengerang district will have an initial storage capacity of 1.4 million cubic meters (cbm). The terminal will be a tank facility for storing, blending and distributing crude oil and oil products with port facilities capable of handling very large crude carriers. Ultimately, there is an area of 200 hectares available for the development of a world class deepwater storage terminal for oil products.

If the findings of the feasibility study turn out to be positive, the companies will form a joint venture company that will partner with the State Government of Johor Darul Ta’zim and the State Secretary, Johor (Incorporated) to undertake the development of the terminal. This follows a Memorandum of Understanding signed on 8 June 2009 between Dialog, the State Government of Johor Darul Ta’zim and the State Secretary, Johor (Incorporated).

Dialog and Vopak are currently equity partners in Kertih Terminals in Malaysia. It is a 395,900 cbm storage facility for chemical products and liquefied gas in Kertih, which is located in the Malaysian province of Terengganu. Vopak also operates a fully owned 20,600 cbm storage terminal for chemical products in the free trade zone within the Johor Port at Pasir Gudang, Malaysia.

Deal   Vopak   Malaysia  Netherlands 
World Fuel logo. World Fuel seeks marine lube operations and sales executive in Greece  

US firm is recruiting for a commercial role focused on marine lubricants, based out of its Glyfada office.
ECSA Parliamentary Breakfast event. European shipowners call for fuel supplier mandates and ETS revenue investment ahead of policy revision  

Industry body urges EU policymakers to redirect carbon revenues into clean marine fuel production.
Coral Energy vessel at Klaipeda LNG terminal. Gasum secures LNG terminal capacity at Klaipėda through 2040  

Nordic energy company locks in long-term LNG supply access to serve northwestern European markets.
Torm Corrido vessel. Chimbusco Pan Nation extends B100 biodiesel bunkering to oil tankers as quarterly volumes triple  

Hong Kong bunker supplier CPN says Q2 B100 deliveries have exceeded Q1 totals by more than 300%.
TMD Energy Limited logo. TMD Energy extends bioenergy MOA with Double Corporate by two years  

Malaysian bunkering firm seeks to advance waste-to-energy marine fuel collaboration in EU and Asian markets.
Antwerpen vessel. Exmar takes delivery of world’s first dual-fuel ammonia oceangoing vessel  

Belgian shipowner Exmar has taken delivery of what it says is the first oceangoing vessel powered by a dual-fuel ammonia engine.
Seaglider vessel render. MOL and JAL partner with Lloyd’s Register and REGENT to advance Seaglider certification in Japan  

Four organisations join forces to establish regulatory pathways for electric wing-in-ground craft ahead of a targeted 2030 commercial launch.
Geoff Wagner and Byung-Hun Kwon. ABS and HD Hyundai entities secure battery hybrid approval for 16,000-teu container vessel  

Approval in principle issued for electrical design of ultra-large container ship at Posidonia.
Steel cutting ceremony of vessel with builder's hull no. H1955A. Keel laid for world’s largest LNG carrier at China’s Hudong-Zhonghua shipyard  

Construction begins on a 271,000-cbm QC-Max vessel, the largest LNG carrier ever built.
Mercedes Pinto vessel truck-to-ship (TTS) bunkering. Port of Las Palmas completes first LNG bunkering operation  

Baleària Canarias’ new fast ferry receives LNG via tanker truck in milestone delivery.

↑  Back to Top


 Recommended