Tanks & terminals

Vopak Horizon Fujairah has added a considerable amount of crude oil capacity, increasing its total capacity to 2.6 million cubic metres.

Markets experienced heightened activity in the aftermath of Monday’s Colonial Pipeline explosion, the second outage on the important pipeline in less than two months.

Tank Storage Germany returns to the Hamburg Messe on 16 - 17 November, with much of the conference programme touching on health, safety and environment (HSE).

Fluid Components International has announced the establishment of Fluid Components Saudi Arabia Ltd, a joint venture with GAS Arabian Services Co., Ltd.

VTTI and Energia Naturalis Holding (ENNA) have signed an agreement for the purchase by VTTI of 70% of the Adriatic Tank Terminal (ATT) in the Port of Ploce, the main Adriatic deep water port.

The API has announced its support of competitive rail switching that would allow market forces to have greater influence over rail shipment rates.

ExxonMobil’s investment of over US$1 billion in a new hydrocracker system strengthens the leading position of its Rotterdam refinery within the European refining sector.

Recent expansion of the global crude oil and petroleum product tanker fleet has resulted in falling or lower tanker rates for much of 2016, according to the EIA.

TANK by Intergraph PP&M is a comprehensive, easy to use program for the design, analysis and evaluation of welded steel oil storage tanks.

The global oil storage market capacity will reach over 2.16 billion m3, according to Grand View Research.

Buckeye Partners, L.P. has announced it will acquire a 50% interest in VTTI B.V.’s global marine terminal business.

According to Frank Schreurs, developments in investor markets will be good for terminals.

KBR, Inc. has announced that the company will proceed with front end engineering design (FEED) for the Woodfibre LNG project.

Hoover Container Solutions, Ferguson Group and CHEP Catalyst & Chemical Containers have completed their merger transaction.

Martin Midstream Partners has announced an agreement with NuStar Energy to sell its terminal assets.