Sign up
Log in Sign up
Tue 8 Mar 2011, 08:33 GMT

Vopak Fujairah terminal 'fully occupied'

Terminal operator Royal Vopak has said that all of its storage tanks at the Vopak Horizon Fujairah Ltd. terminal have been leased and are currently storing products.

"We're fully occupied," an official at Vopak, the world's largest independent storage tank operator, said this week, requesting anonymity.

"All tanks are storing oil products," he added.

Netherlands-based Vopak has 48 tanks in Fujairah, the leading bunker port in the Middle East, with a total capacity of 1.5 million cubic metres. The tank sizes range between 6,000 and 60,000 cubic metres.

Vopak Horizon Fujairah is a joint venture between Horizon Terminals Ltd., Royal Vopak, the Government of Fujairah and Kuwait's Independent Petroleum Group.

The company announced last year that it would be expanding its storage capacity in Fujairah by a further 606,000 cubic meters. The additonal storage [pictured], currently under construction, is set to come on stream by the end of 2011 and has already been leased out, Vopak said.

According to industry sources, the new tanks have been leased to BP, ConocoPhillips and Litasco.

Illustration of balance scale with cargo ship and penalty block. FuelEU penalties spark contract disputes as first-year compliance costs emerge  

Shipowners and charterers negotiate biofuel handling, payment timing, and multiplier penalties under new regulations.
Marina Bay Sands, Singapore. Singapore tops first global container port ranking by DNV and Menon Economics  

The port leads across all five assessment pillars in inaugural industry report.
Jack Spyros Pringle, Lloyd’s Register. Marine fuel procurement becomes strategic imperative as regulatory pressures mount: LR  

Operators must adopt comprehensive fuel strategies amid supply constraints and compliance costs, says Lloyd's Register.
Xinfu124 ultra-large LNG carrier. Private Chinese shipbuilder plans to deliver eight dual-fuel boxships  

Yangzi Xinfu is fully booked until May 2029 and expected to post annual sales revenue exceeding $1.4 billion.
Østensjø Rederi newbuild tug render. Østensjø Rederi orders methanol-ready tug from Spanish shipyard  

Norwegian operator contracts Astilleros Gondán for vessel with diesel-electric hybrid propulsion system.
Bound4blue worker in safety gear. Bound4blue establishes China production base for wind propulsion systems  

Spanish wind propulsion firm targets Asian shipbuilding market with outsourced manufacturing network.
Alfa Laval and Hanwha Ocean Ecotech sign MoU. Alfa Laval and Hanwha Ocean Ecotech partner on ammonia fuel systems  

Collaboration aims to develop ammonia fuel technology for dual-fuel vessels in the Asian market.
Meg Dowling, Lloyd's Register. Nuclear-powered boxships could deliver $68m annual savings: Lloyd's Register  

Small modular reactors could eliminate fuel costs and carbon penalties while boosting cargo capacity, says report.
Minerva Bunkering and Autoridad Portuaria de Las Palmas (APLP) signing ceremony. Minerva Bunkering extends Las Palmas terminal concession by 15 years  

Bunker supplier adds barge capacity and explores new terminal for energy transition fuels.
Liam Blackmore, Lloyd's Register. Ammonia Energy Association releases gas detection whitepaper with Lloyd's Register input  

Lloyd's Register contributed expertise to new guidance on ammonia detection systems for the maritime sector.




 Recommended