Sign up
Log in Sign up
Tue 9 Oct 2012 14:09

Chemoil to sell Jurong Island terminal


Oiltanking enters into an agreement to acquire a 100% shareholding in Chemoil's Helios Terminal.

Oiltanking GmbH has today announced that it has entered into an agreement to acquire a 100% shareholding in Helios Terminal Corporation Pte. Ltd. and its holding company Chemoil Storage Limited, subject to regulatory approvals.

Located on Jurong Island in Singapore, the terminal has a total capacity of 503,000 cubic metres (cbm). Commissioned in 2008 it is a built-for-purpose fuel oil storage and blending facility. The terminal is equipped with a finger jetty with six berths that can handle up to two Suezmax-size vessels simultaneously.

Oiltanking is a subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned. It 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, India as well as Asia. It has an overall storage capacity of 19.7 million cbm.

Oiltanking already operates two terminals in Singapore with a combined storage capacity of more than 1.7 million cbm.

Commenting on the Helios Terminal agreement, Oiltanking said: "The acquisition will further strengthen Oiltanking’s market position for petroleum products in Singapore and Southeast Asia."

Marius Kairys, CEO of Elenger Sp. z o.o. Elenger enters Polish LNG bunkering market with ferry refuelling operation  

Baltic energy firm completes maiden truck-to-ship LNG delivery in Gdansk.
Samsung Heavy Industries (SHI) virtual reality (VR) training program developed in collaboration with Evergreen. SHI develops VR training solutions for Evergreen's methanol-fuelled ships  

Shipbuilder creates virtual reality program for 16,500 TEU boxship operations.
Illustratic image of Itochu's newbuild ammonia bunkering vessel, scheduled for delivery in September 2027. Itochu orders 5,000 cbm ammonia bunker vessel  

Japanese firm targets Singapore demonstration after October 2027, with Zeta Bunkering lined up to perform deliveries.
Bunkering of the Glovis Selene car carrier. Shell completes first LNG bunkering operation with Hyundai Glovis in Singapore  

Energy major supplies fuel to South Korean logistics firm's dual-fuel vessel.
Orient Overseas Container Line (OOCL) vessel. CPN delivers first B30 marine gasoil to OOCL in Hong Kong  

Chimbusco Pan Nation claims to be first in region to supply all grades of ISCC-EU certified marine biofuel.
The Buffalo 404 barge, owned by Buffalo Marine Service Inc., performing a bunker delivery. TFG Marine installs first ISO-certified mass flow meter on US Gulf bunker barge  

Installation marks expansion of company's digitalisation programme across global fleet.
Sogestran's fuel supply vessel, the Anatife, at the port of Belle-Île-en-Mer. Sogestran's HVO-powered tanker achieves 78% CO2 reduction on French island fuel runs  

Small tanker Anatife saves fuel while supplying Belle-Île and Île d'Yeu.
Crowley 1,400 TEU LNG-powered containership, Tiscapa. Crowley deploys LNG-powered boxship Tiscapa for Caribbean and Central American routes  

Vessel is the third in company's Avance Class fleet to enter service.
The inland LNG bunker vessel LNG London. LNG London completes 1,000 bunkering operations in Rotterdam and Antwerp  

Delivery vessel reaches milestone after five years of operations across ARA hub.
The M.V. COSCO Shipping Yangpu, China's first methanol dual-fuel containership. COSCO vessel completes maiden green methanol bunkering at Yangpu  

China's first methanol dual-fuel containership refuels with green methanol derived from urban waste.

↑  Back to Top


 Recommended