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Tue 14 Dec 2010, 16:32 GMT

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.

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