Thu 7 Aug 2014, 12:35 GMT

VTTI Energy Partners announces closing of IPO


Common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1.



VTTI Energy Partners LP (VTTI) has announced the closing of its initial public offering (IPO) of 20,125,000 common units representing limited partner interests in VTTI at $21.00 per common unit.

The common units sold at closing included 2,625,000 common units sold pursuant to the underwriters' option to purchase additional common units, which was exercised in full prior to closing.

The common units were sold by VTTI MLP Partners B.V., a wholly owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1, 2014 under the ticker symbol 'VTTI'.

The common units sold to the public represent a 49.0% limited partner interest in VTTI. VTTI MLP Partners owns, directly or indirectly, a 2.0% general partner interest and the remaining limited partner interest in VTTI.

Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities acted as joint book-running managers for the offering, and Rabobank, MUFG, BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole CIB, and ING acted as co-managers for the offering.


Chart showing Singapore TTM bunker sales, November 2025. Singapore bunker sales break new ground as TTM volumes surpass 56m tonnes  

Trailing 12-month bunker sales rise to new all-time record at Asian port.

Bow Leopard vessel. Odfjell launches operational green corridor between Brazil and Europe using biofuel  

Chemical tanker operator establishes route using B24 sustainable biofuel without subsidies or government support.

United LNG I vessel. Somtrans christens 8,000-cbm LNG bunker barge for Belgian and Dutch ports  

United LNG I designed for inland waterways and coastal operations up to Zeebrugge.

Photograph of a red container vessel. BIMCO adopts FuelEU Maritime and ETS clauses for ship sales, advances biofuel charter work  

Documentary Committee approves regulatory clauses for vessel transactions, progresses work on decarbonisation and emerging cargo contracts.

ABS, Eneos, NYK Line and Seacor Holdings logos side by side. Four companies launch study for US methanol bunkering network  

ABS, Eneos, NYK Line, and Seacor to develop ship-to-ship methanol supply operations on Gulf Coast.

CMA CGM Antigone naming ceremony. CMA CGM names dual-fuel methanol vessel for Phoenician Express service  

CMA CGM Antigone to operate on BEX2 route connecting Asia, the Middle East and Mediterranean.

Capt. Kevin Wong, Golden Island. Golden Island appoints Capt Kevin Wong as chief operating officer  

Wong to oversee ship management and low-carbon fuel development at Singapore-based marine fuels company.

LPC and Gram Marine launch operations in Argentina graphic. LPC launches Argentine marine lubricants hub with Gram Marine  

Motor Oil Hellas subsidiary partners with maritime services provider to supply products to regional ports.

Chicago Express vessel. Hapag-Lloyd orders eight methanol-powered container ships worth over $500m  

German carrier signs deal with CIMC Raffles for 4,500-teu vessels for 2028-29 delivery.

Global Ethanol Association (GEA) and Vale logo side by side. Vale joins Global Ethanol Association as founding member  

Brazilian mining company becomes founding member of association focused on ethanol use in maritime sector.