rss icon Subscribe
desktop mobile

Odfjell Finalizes Sale of Rotterdam Tank Terminal

(Photo: Odfjell)

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has finalized the sale of its tank terminal in Europe's largest port.

The company announced in July that Odfjell Terminals entered into an agreement with Koole Terminals B.V. of the Netherlands to sell its 100 percent ownership of Odfjell Terminals Rotterdam in a move to help reduce debt. Odfjell said the sale has generated $100 million of cash proceeds.

The terminal in the Port of Rotterdam has total storage capacity of 1,622,000 cbm in 270 tanks. It features five berths for deep-sea tankers with a maximum depth of 12 meters alongside, with seven positions for short-sea vessels and 14 positions for barges. An extended jetty to accomodate LR2 tankers is expected to become operational in the last quarter if 2018.

Sep 20, 2018

 

Tankers

Iran: British-flagged Tanker Seized in Gulf

File Image of the Stena Impero (CREDIT: MarineTraffic.com / © Erwin Willemse

Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the

IMO Condemns Tanker Attacks in Gulf

Pic: International Maritime Organization (IMO)

The Council of the International Maritime Organization (IMO) has condemned recent attacks on

US DOS: Iran Must Release Seized Ship, Crew

The VLCC Riah, thought by stakeholders to be the seized vessel held by Iran. CREDIT: MarineTraffic.com / © Marinko

Iran must immediately release a vessel it seized in the Gulf and its crew, a U.S. State Department

Mergers & Acquisitions

TRIG Acquires French Wind Farms

Pic: Watson Farley & Williams LLP

UK-based investment fund  The Renewables Infrastructure Group (TRIG) has acquired stakes in four

Odfjell Sells Stake in Chinese Terminal

Pic: Odfjell SE

Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its indirect 55%

MacGregor Cleared to Buy TTS Unit

(Photo: MacGregor)

Marine and offshore equipment and services form MacGregor announced on Monday it has received a

Maritime Apps