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



VTTI sells 10% stake in ETT

Terminal operator sells stake in Rotterdam terminal to SK Energy International.



Image credit:


Updated on 12 Jul 2010 13:16 GMT

Vitol Tank Terminals International (VTTI) has announced that it has sold a 10 percent stake in its Rotterdam Europoort terminal, Euro Tank Terminal BV (ETT), to SK Energy International, a 100 percent subsidiary of SK Energy, based in Singapore.

Rob Nijst, CEO of VTTI, said “We are pleased to have concluded this sale with SK Energy International. As a customer at ETT, we have always enjoyed a close working relationship with SK Energy International. Now that they are an equity partner, this relationship will become even closer, to our mutual benefit.”

ETT is based in Rotterdam, one of the world’s busiest ports. The first two phases of its development are now complete, providing storage capacity for 645,000 cubic metres of oil products.

The third phase of development will provide an additional 465,000 cubic metres of storage and will be completed by the end of 2011.

Last month VTTI announced that it had acquired additional, adjoining land and facilities at Euro Tank Terminal BV.

The purchase from EVET BV, an affiliated company of De Rijke Group, gave the Rotterdam terminal access to rail and truck loading facilities, more land, the capability to store low flash products, as well as barge jetties and warehouse capacity.

Speaking at the time, Rob Nijst said “Our ambition is to grow the Rotterdam terminal to over 1 million cubic metres of storage, with state of the art facilities, that provide customers with what they want, to the highest safety and environmental standards."






Related Links:

VTTI announces Rotterdam expansion
MISC acquires 50 percent of VTTI
Vitol enters into JV to build Malaysia terminal
Vitol reaches tank storage 'milestone'
Rotterdam
Netherlands

Latest News:

Oil and fuel oil hedging market update
Mixed news keeps Brent in the upper seventies
MAN contracted to supply IFO 380 propulsion system for seven Russian trawlers
Green Corridor project ends with closing ceremony
DNV GL replaces LNGi with AFI alternative fuels platform
Sale of Odfjell Terminals Rotterdam completed
Oil and fuel oil hedging market update
Oil stocks fall, trade war escalates
Tri-party MoU signed to advance LNG fuel adoption
HHI's LPG-fuelled VLGC granted AiP
ABS gas-as-marine-fuel seminars travel to Europe, Hong Kong
Freight association slams 'yet another surcharge' by box carriers




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
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