BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





Turkey's largest liquid terminal sold

16 Jun 2016 09:53 GMT

Facility, which also stores bunker fuel, has been acquired by Yilport Holdings.



Turkey's largest liquid storage terminal, the Solventas Terminal, has been acquired by Yilport Holdings, a subsidiary of Yildrim Group.

Following the acquisition, Solventas will now be integrated into Yilport Gebze's liquid terminal to form 'Yilport Dilovasi Liquid Terminal'. This new complex will offer the most advanced storing and handling capabilities in Turkey.

Located in Kocaeli's Dilovasi District, Solventas - established in 1967 as a type A Customs Bonded Warehouse for the storage of bulk liquids - has 217 chemical tanks with a storage capacity of 333,000 cubic metres. The liquid terminal serves tankers and vessels on two jetties of 273 and 235 metres in length. In addition to bunker fuels, the facility stores over 70 types of products including chemicals, acids, base oils, mineral oils, vegetable oils, and food products.

Yilport Gebze liquid terminal currently houses 85 chemical tanks with 120,000 cubic metres of storage capacity.

Following the consolidation, the new Yilport Dilovasi Liquid Terminal will serve the industry with more than 300 tanks and over 450,000 cubic metres of liquid storage.

Thanks to its strategic position at Izmit Bay on the main shipping routes of the Marmara Sea, the combined facility will offer expedient exit for all kinds of transit trade with Russia, Central Asian Republics, the Middle East and the Balkans.

With this new acquisition, Yilport Holding continues its growth towards its stated goal to be ranked among top 10 international port operators by 2025. In addition, the merger will contribute to growth of the chemical industry - a vital segment in Turkey's 2023 vision. The terminal is also significant as the first specialised port of Yilport Holdings exclusively dedicated to handling and storing chemicals and liquid cargo.

The signing ceremony took place in Istanbul on 14th June 2016. The handover is expected to commence following the Turkish Competition Authority's approval.






Related Links:

Turkey's 'biggest' single delivery of MGO
Arkas achieves 53% jump in sales to take market share up to a third
OMV Petrol Ofisi up for sale
Turkish supplier reports 38% growth in 2015
Arkas adds Turkey's biggest bunker vessel

Latest News:

Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line
Vermont Bunkering and staff charged over fraudulent transactions in Singapore
Oil market seems to be struggling to find direction
Oil and fuel oil hedging market update
Aegean expects to launch 'at least one' new bunker supply service in H1 2018
Peninsula signs storage agreement in Houston with HOFTI
Another day in bearish territory?
Oil and fuel oil hedging market update
Aegean posts net loss and 23.2% drop in gross profit
Wartsila launches gas-fuelled version of world's most efficient four-stroke engine
Singapore updates restrictions on selling bunkers to North Korean ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events