Sign up
Log in Sign up
Tue 9 Oct 2012, 14:09 GMT

Chemoil to sell Jurong Island terminal


Oiltanking enters into an agreement to acquire a 100% shareholding in Chemoil's Helios Terminal.

Oiltanking GmbH has today announced that it has entered into an agreement to acquire a 100% shareholding in Helios Terminal Corporation Pte. Ltd. and its holding company Chemoil Storage Limited, subject to regulatory approvals.

Located on Jurong Island in Singapore, the terminal has a total capacity of 503,000 cubic metres (cbm). Commissioned in 2008 it is a built-for-purpose fuel oil storage and blending facility. The terminal is equipped with a finger jetty with six berths that can handle up to two Suezmax-size vessels simultaneously.

Oiltanking is a subsidiary of Marquard & Bahls AG, Germany, a leading petroleum company, privately owned. It is the second-largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 22 countries within Europe, North and South America, Middle East, India as well as Asia. It has an overall storage capacity of 19.7 million cbm.

Oiltanking already operates two terminals in Singapore with a combined storage capacity of more than 1.7 million cbm.

Commenting on the Helios Terminal agreement, Oiltanking said: "The acquisition will further strengthen Oiltanking’s market position for petroleum products in Singapore and Southeast Asia."

Deal   Oiltanking   Singapore  Singapore (SG) 
Bunker vessel alongside a ship during fuel transfer. Nippon Biofuel secures METI funding for Africa-based marine biofuel supply chain  

Japanese company to establish Jatropha cultivation and biofuel production facilities in Mozambique and Ghana.
Everllence B&W 6G60ME-LGIA HPSCR engine. Everllence’s ammonia-fuelled engine passes factory acceptance test ahead of October delivery  

Engine built by HHI-EMD will power Eastern Pacific Shipping’s very large ammonia carriers.
LPC and Gram Marine launch operations in Cameroon graphic. LPC and Gram Marine launch marine lubricants hub in Cameroon  

Partnership will supply Cyclon and Avin Oil marine lubricants to vessels at West African ports.
Melchior Poszumski, Bunker One. Bunker One expands ULSFO 0.10% supply across northern Germany  

Supplier adds Weser River ports to network, including Bremerhaven, Bremen, Brake, and Nordenham.
Partnership signing between NYK Line, Golden Island and Yara Clean Ammonia. NYK Line, Golden Island and Yara Clean Ammonia sign term sheet for Singapore ammonia bunkering venture  

Three companies agree to explore marketing and supply of low-carbon ammonia fuel in Singapore.
International Maritime Organization (IMO) headquarters. IMO committee to discuss Net-Zero Framework and North-East Atlantic NOx ECA  

MEPC 84 to consider 57 documents submitted for consideration on the reduction of greenhouse gas emissions.
Constantinos Capetanakis, Star Bulk. Capetanakis: Bunker Buyers Working Group not a pricing forum  

Past Chair says aim of working group is to ensure the perspective of buyers is reflected in policy work.
Petronor and H2SITE agreement signing. Petronor and H2SITE to deploy membrane technology for hydrogen separation at Spanish refinery  

Partnership aims to integrate membrane reactor into steam methane reforming process to enhance efficiency.
Peninsula 30 Years graphic. Peninsula marks 30 years of marine fuel supply operations  

Bunker supplier's network now covers more than 50 physical supply ports and 21 commercial offices.
Kurotakisan Maru III vessel. MOL completes world’s first retrofit installation of Wind Challenger sail system on operating coal carrier  

Hard-sail propulsion system installed on Kurotakisan Maru III during service for J-Power coal transport operations.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG/LBM Biofuel Biogas Biomethanol Dual-fuel E-fuel E-methane/e-NG Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind power



 Recommended