Tue 14 Dec 2010 16:32

Odfjell eyes Rotterdam terminal expansion


Operator says it is evaluating a number of strategic alternatives for its tank terminal in Rotterdam.

Odfjell has revealed that it is currently looking at a number of strategic alternatives for the expansion of its storage terminal [pictured] in the port of Rotterdam.

In a statement the company said: "We intend to grow our tank terminal business further. We have therefore started a process of evaluating various strategic alternatives for our Rotterdam tank terminal, with the objective to secure further growth and enhancement of shareholders’ value."

Investment bank DnB NOR Markets has been appointed as financial advisor to assist the company in this process.

Odfjell Terminals (Rotterdam) B.V. is already one of the largest independent tank storage terminals in Europe. It consists of nearly 300 tanks, ranging in size from 735 to 40 000 cubic metres (cbm). The total capacity of the terminal encompasses more than 1.63 million cbm.

The terminal has five jetties for deep-sea tankers, with a maximum depth of 39.6 ft alongside. There are also 7 berths for short-sea tankers, 14 berths for barge activities and 19 platforms for the handling of road tank trucks. The facility has been operational since 1957.
Opening of the IMO Marine Environment Protection Committee (MEPC), 83rd Session, April 7, 2025. IMO approves pricing mechanism based on GHG intensity thresholds  

Charges to be levied on ships that do not meet yearly GHG fuel intensity reduction targets.
Preemraff Göteborg, Preem's wholly owned refinery in Gothenburg, Sweden. VARO Energy expands renewable portfolio with Preem acquisition  

All-cash transaction expected to complete in the latter half of 2025.
Pictured: Biofuel is supplied to NYK Line's Noshiro Maru. The vessel tested biofuel for Tohoku Electric Power in a landmark first for Japan. NYK trials biofuel in milestone coal carrier test  

Vessel is used to test biofuel for domestic utility company.
Pictured (from left): H-Line Shipping CEO Seo Myungdeuk and HJSC CEO Yoo Sang-cheol at the contract signing ceremony for the construction of an 18,000-cbm LNG bunkering vessel. H-Line Shipping orders LNG bunkering vessel  

Vessel with 18,000-cbm capacity to run on both LNG and MDO.
Stanley George, VPS Group Technical and Science Manager, VPS. How to engineer and manage green shipping fuels | Stanley George, VPS  

Effective management strategies and insights for evolving fuel use.
Sweden flag with water in background. Swedish government bans scrubber wastewater discharges  

Discharges from open-loop scrubbers to be prohibited in Swedish waters from July 2025.
The ME-LGIA test engine at MAN's Research Centre Copenhagen. MAN Energy Solutions achieves 100% load milestone for ammonia engine  

Latest tests validate fuel injection system throughout the entire load curve.
Terminal Aquaviário de Rio Grande (TERIG), operated by Transpetro. Petrobras secures ISCC EU RED certification for B24 biofuel blend at Rio Grande  

Blend consisting of 24% FAME is said to have been rigorously tested to meet international standards.
Avenir LNG logo on sea background. Stolt-Nielsen to fully control Avenir LNG with acquisition  

Share purchase agreement to buy all shares from Golar LNG and Aequitas.
Seaspan Energy's 7,600 cbm LNG bunkering vessel, s1067, built by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. Bureau Veritas supports launch of CIMC SOE's LNG bunkering vessel  

Handover of Seaspan Energy's cutting-edge 7,600-cbm vessel completed.

↑  Back to Top


 Related Links