Sign up
Log in Sign up
Wed 2 Jun 2010, 09:17 GMT

ENOC subsidiary to build terminal in Malta


Terminal operator plans to construct oil terminal in Marsaxlokk.

Horizon Terminals Limited (HTL), a wholly owned subsidiary of Emirates National Oil Company (ENOC), has announced that it plans to construct a new oil storage terminal in Malta.

Malta is the Mediterranean hub for shipping lines, located at the crossroads of some of the world's busiest shipping routes that carry over 120 million tonnes of oil products.

The new terminal, located near Marsaxlokk Port, will have a capacity of 600,000 cubic meters for black and clean products, with one jetty for VLCCs (very large crude carrier) and two for vessels up to 120,000 DWT.

Commenting on the company's expansion plans, Saeed Abdullah Khoory, ENOC's Group Chief Executive, said: "This is significant move that will consolidate HTL's position as a global leading terminal operator. ENOC's investment in this facility through HTL, reiterates our confidence in Malta as a strong business model and as our gateway to the European market. We are confident that such investments will put us in good stead to take advantage of growth opportunities offered by Europe's oil sector."

HTL said it is currently in the process of obtaining the necessary permits, including the Environmental Impact Assessment (EIA) permits.

According to the company, work on the site is planned to commence in the second half of 2011.

HTL, the independent terminal arm of ENOC, manages more than 5 million cubic metres of storage with a network of seven terminals around the world. It provides world-class terminal services for bulk liquids storage as well as a range of logistics services.

Hapag-Lloyd and DSV logo side by side. Hapag-Lloyd and DSV sign 18,000-tonne CO2e reduction agreement for sustainable marine fuels  

Two-year framework allows inclusion of alternative fuels beyond biofuels in shipping decarbonisation partnership.
Bangkok city skyline. Uni-Fuels opens Thailand office as part of Southeast Asia expansion  

Marine fuel supplier establishes Bangkok entity, appoints managing director with 15 years’ industry experience.
Washington State Hybrid-Electric 160-Auto Ferry vessel render. Corvus Energy to supply battery systems for Washington State Ferries hybrid vessels  

ABB selects Corvus for two new 160-vehicle ferries as part of $3.98bn electrification plan.
Vinssen and Mana Engineering sign MoU. Vinssen, Mana Engineering partner on hydrogen fuel cell retrofit for 800-teu feeder vessel  

South Korean and Dutch firms to pursue Lloyd’s Register approval for hybrid retrofit concept.
Hercules Elisabeth vessel. Hercules Tanker Management takes delivery of second Ultra-Spec vessel in China  

Hercules Elisabeth is the second of 10 hybrid-ready tankers designed for alternative fuels.
Wolf 1 vessel. Petrol Ofisi launches fuel supply tanker Wolf 1  

Turkish bunker supplier adds 1,750-dwt vessel with alternative fuel infrastructure to fleet.
BIMCO meeting. BIMCO to convene for adoption of biofuel clause and ETS provisions at February meeting  

Documentary Committee to consider new contractual frameworks for alternative fuels and emission trading scheme compliance.
Sea Change II vessel render. Incat Crowther and Switch Maritime develop 150-passenger hydrogen ferry for New York  

Design work begins on 28-metre vessel with 720 kg hydrogen capacity and 25-knot speed.
Aerial view of a container vessel. HIF Global signs heads of agreement with German eFuel One for 100,000 tonnes of e-methanol annually  

Deal covers supply from HIF’s Uruguay project, with e-methanol meeting EU RED III standards.
Welcoming of Kota Odyssey at Jordan’s Aqaba Container Terminal. PIL’s LNG-powered vessel makes maiden call at Jordan’s Aqaba port  

Kota Odyssey is Pacific International Lines’ first LNG-fuelled ship to call at the Red Sea port.




 Recommended