Thu 16 Jun 2016, 12:35 GMT

Vopak hosts Capital Markets Days


Terminal operator presents report on partnerships and study of the changing energy landscape.



Royal Vopak, the independent tank storage company, will be hosting its Capital Markets Days for analysts and investors in Singapore and Malaysia on 16 and 17 June, 2016.

All presentations will be available online through the Vopak website. Presentations will include Vopak Asia's competitive position; strategic considerations regarding disciplined capital allocation; a report on joint venture partnerships and developments in the company's readiness for the future.

The executive board will present the results of a thorough market study of the changing energy and petrochemical landscape and the ongoing shift from West to East and how Vopak will react to that - infrastructure needs being indicated.

Vopak explained that it is well positioned to capitalise on new opportunities in existing and new locations based on its network positions, its strategic partnerships and a strong balance sheet. However, the company says it is also continuously assessing new opportunities in regard to timing and in light of the need to maintain financial flexibility in order to sustain disciplined growth into the future.

Vopak's divestment program, which was one of the strategic priorities for the period 2014 - 2016, is said to be on schedule and due to be completed in 2016.

With a diversified portfolio, both geographically and in different product groups (oil, chemicals and gas), healthy contract coverage and a strong supply chain, Vopak says it fully expects to exceed a 90 percent occupancy rate across its global terminal network in 2016.


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