Sign up
Log in Sign up
Thu 10 Dec 2015 12:46

Oiltanking acquires stake in Mozambique terminal projects


Terminals in Matola and Beira are to be used for the storage and handling of bulk petroleum and chemical products.

Oiltanking GmbH has announced that it has reached an agreement for the purchase of a stake in Galana Mozambique Ltd. The transaction gives Oiltanking an indirect shareholding in two terminal projects for the storage and handling of bulk petroleum and chemical products in the ports of Matola and Beira.

The terminal in Matola is currently under construction and is due to be operational in the second quarter of 2016. Its initial capacity will be 51,000 cubic metres with land available for further development.

The terminal has access to a jetty with a draft of 11 meters. In addition, the terminal will be equipped with rail- and truck-loading facilities to serve southern Mozambique and neighbouring countries like Swaziland, Zimbabwe, Botswana, and the northern provinces of South Africa.

Another terminal is slated to be built in Beira, located centrally along the Mozambican coast. The terminal, which is currently at the development stage, will facilitate imports into the central part of Mozambique, Zimbabwe, Malawi, Zambia and the Democratic Republic of Congo.

Following the acquisition, which is expected to be completed by mid- December 2015, Oiltanking says it will advance the development and construction of the terminal in Matola. After completion, the terminal is to be operated by Oiltanking and branded as Oiltanking Mozambique.

"Mozambique is one of the main transit hubs for petroleum products on Africa's east coast. The present transaction will further strengthen Oiltanking's presence in Africa and enhance its ability to serve new market segments on the east coast of the continent," Oiltanking said.

Galana Mozambique Ltd. is a Mauritius company and a subsidiary of the Galana Group, a privately-owned group of companies specializing in trading, shipping, terminal storage and distribution of refined petroleum products in East and Southern Africa, as well as the Indian Ocean Islands.

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based company that operates in the fields of energy supply, trading and logistics.

Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 22 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. It has an overall storage capacity of 19 million cubic metres.

Aicha Azad, Flex Commodities. Flex Commodities hires Aicha Azad as trader in Dubai  

Bunker firm appoints multilingual trader with bunker trading and cargo operations experience.
Desk calendar with the word “TAX”. 'Excess' fossil fuel profits should be taxed and given back to citizens, says T&E  

Campaign group calls for sustained taxes on excess profits or end to subsidies that keep demand high.
NYK Line’s Padma Leader vessel. Imabari Shipbuilding delivers LNG-fuelled car carrier to NYK Line  

Padma Leader expected to achieve up to 30% CO2 reduction through dual-fuel propulsion and exhaust gas recirculation.
Tallink’s MyStar vessel. Tallink targets full bio-LNG transition for Baltic shuttle vessels within a year  

Estonian ferry operator aims to replace all fossil LNG with renewable fuel on the Helsinki-Tallinn route.
Grimaldi's Grande Melbourne vessel. Grimaldi takes delivery of third ammonia-ready car carrier from Chinese shipyard  

Grande Melbourne is the third of seven vessels ordered from Shanghai Waigaoqiao Shipbuilding for Asia-Europe service.
BPCL and Cochin Port sign MoU. BPCL and Cochin Port sign MoU for LNG bunkering facilities  

Indian oil company and port authority agree to develop LNG refuelling infrastructure for vessels.
ClassNK Guidelines front cover. ClassNK publishes world-first guidelines for membrane-based onboard CO2 capture systems  

Classification society expands guidelines to cover membrane separation method for capturing ship exhaust emissions.
April Tan, Flex Commodities. Flex Commodities hires April Tan as lead trader for China  

Dubai-based marine fuels trader appoints experienced professional to Singapore office to drive regional expansion.
Contract signing ceremony. Yang Ming finalizes contracts for six methanol dual-fuel-ready boxships  

Taiwanese carrier signs deals with Japanese shipbuilders for vessels scheduled for delivery from 2028.
China’s Da Qing 268 vessel. China's first newbuild dual-fuel methanol bunkering vessel launched in Zhoushan  

Da Qing 268 can supply methanol and conventional fuels to ships at anchorage.




 Recommended