Sign up
Log in Sign up
Thu 6 Oct 2011 07:48

Lithuanian oil terminal posts 21% income rise


Klaipeda facility announces income surge for the first nine months of 2011.

Lithuanian oil terminal operator Klaipedos Nafta has announced that preliminary income in the first nine months of 2011 was 21 percent higher than during the corresponding period in 2010.

Income up until the end of September rose to LTL 109,3 million (EUR 31,6 million), up from LTL 90,1 million (EUR 26,1 million) during the first nine months of 2010.

Revenues for Klaipedos Nafta last month amounted to LTL 8,6 million (EUR 2.5 million), 13 percent less than in September 2010. The company said this was due to a trial batch of 78,000 tonnes of crude oil being imported from Venezuela to Byelorussia during the month of September.

In September 2011 the company said it reloaded 547,000 tonnes of oil products into tankers - 12 percent less than in September 2010 - and discharged 581,000 tonnes of oil products into its storage tanks, representing a 1 percent decline on last year.

The Klaipeda facility mostly ships exports of oil products from Russian, Lithuanian, and Belarusian refiners. Last year it handled 7.9 million tonnes of oil products.

Product tanker Artizen, owned by Hong Lam Marine. Hong Lam Marine takes delivery of Artizen tanker in Japan  

Singapore-based firm receives new vessel from Kegoya Shipyard.
Birdseye view of containership. Panama Canal launches NetZero Slot to incentivize low-emission transits  

New reservation category prioritizes dual-fuel vessels capable of using alternative fuels from November.
Van Oord's Vox Apolonia. Van Oord deploys bio-LNG dredger for Dutch coastal project  

First bio-LNG powered trailing suction hopper dredger operation begins in the Netherlands.
Model testing for Green Handy methanol-powered vessel. Methanol-fuelled Green Handy ships pass model tests ahead of 2026 construction  

Baltic carrier reports model testing exceeded performance targets for 17,000 dwt methanol-powered vessels.
Miguel Hernandez and Olivier Icyk at AiP for FPSO. SBM Offshore's floating ammonia production design gets ABS approval  

Design converts offshore gas to ammonia while capturing CO2 for maritime and power sectors.
Philippe Berterottière and Matthieu de Tugny. GTT unveils cubic LNG fuel tank design for boxships with BV approval  

New GTT CUBIQ design claims to reduce construction time and boost cargo capacity.
Wilhelmshaven Express, Hapag-Lloyd. Hapag-Lloyd secures multi-year liquefied biomethane supply deal with Shell  

Agreement supports container line's decarbonisation strategy and net-zero fleet operations target by 2045.
Dual-fuel ship. Dual-fuel vessels will dominate next decade, says Columbia Group  

Ship manager predicts LNG-powered vessels will bridge gap until zero-carbon alternatives emerge.
Stril Poseidon vessel. VPS campaign claims 12,000 tonnes of CO2 savings across 300 vessels  

Three-month efficiency drive involved 12 shipping companies testing operational strategies through software platform.
Birdseye view of a ship. Gard warns of widespread cat fines surge in marine fuel  

Insurer reports elevated contamination levels, echoing VPS circular in early September.




 Recommended