News
Oiltanking and Stolthaven announce Antwerp terminal joint-venture
20.03.2006 - Antwerp:
The new joint venture company will be renamed Oiltanking Stolthaven Antwerp NV and will continue its present strategy of an independent liquid storage provider. The present terminal organization will remain unchanged.
Oiltanking Stolthaven Antwerp is located on the right bank of the Schelde river in the midst of the world’s second largest petrochemical complex after Houston and has a well established dedicated infrastructure for marine and land logistics. The terminal has a total capacity of 500,000 m3 tank storage serving the liquid chemicals, chemical gasses and petroleum markets and is connected with the surrounding industry by 26 pipelines.
The new company will be further developed as the ‘Specialty Chemical Hub’ in the ARA. Therefore the earlier announced expansion plans will be fully implemented in 2006. This expansion includes the building of 21 new chemical tanks, increasing the existing chemical capacity by 50,000 m3, 2 loading racks for trucks and railcars and a new finger pier with 4 berths.The new finger pier will add two extra berths for parcel tankers and allow the facility to bring in vessels up to 125,000 tons DWT.
‘The joint venture with Stolthaven Terminals will allow us to further grow our position in the ARA chemical storage market’ says Gust Spaepen, Managing Director of the Oiltanking Group.‘Together with Stolthaven Terminals, we will be able to further improve the terminal’s performance, allowing us to better serve our existing customers and to attract new customers’.
“This is a logical investment for Stolthaven Terminals within our strategy of expanding our terminal network to serve our customers better as well as facilitating the turnaround and improving the utilization of our parcel tanker fleet,” said Walter Wattenbergh, Managing Director of Stolthaven Terminals. “Oiltanking Stolthaven Antwerp will be the hub for our growing transportation and storage business in Europe.”
Oiltanking, a division of German Marquard & Bahls AG, is the second largest independent tank storage provider for petroleum products, chemicals and gases world-wide. Oiltanking owns and operates 71 terminals in 21 countries in Europe, North and South America, and Asia. The group has an overall capacity of 11.1 million cbm.
Stolt-Nielsen S.A. is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids.The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly-owned subsidiary Stolt-Nielsen Transportation Group, provides integrated transportation for its customers.Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot and Southern bluefin tuna.The Company also owns 25% of Marine Harvest, the world's largest aquaculture company.
For more information about Oiltanking GmbH, Marquard & Bahls AG and Stolt-Nielsen Transportation Group please visit www.oiltanking.com, www.mbholding.com and www.sntg.com.
For media enquiries, please contact:
Huib Jansen
Managing Director
Oiltanking Antwerp NV
Tel: + 32 3 561 1500
E-mail: huib.jansen@oiltanking.com
Daan Vos
General Manager Far & Middle East and Europe
Oiltanking GmbH
Tel: + 49 40 370 990
E-mail: daan.vos@oiltanking.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words like "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project," "will," "should," "seek," and similar expressions. The forward-looking statements reflect our current views and assumptions and are subject to risks and uncertainties. The following factors, and others which are discussed in our public filings and submissions with the U.S. Securities and Exchange Commission, are among those that may cause actual and future results and trends to differ materially from our forward-looking statements: the general economic conditions and competition in the markets and businesses in which we operate; changes in the supply of and demand for parcel tanker, tank container and terminal capacity in the markets in which we operate; changes in the supply of and demand for the products we transport, particularly the bulk liquids, chemicals and other specialty liquids that form the majority of the products we transport; prevailing market rates for the transportation services we offer and the fish products we sell; the cost and feasibility of maintaining and replacing our older ships and building or purchasing new ships; uncertainties inherent in operating internationally; the outcome of legal proceedings; Stolt-Nielsen S.A.'s relationship with significant customers; the impact of negative publicity; environmental challenges and natural conditions facing Stolt-Nielsen S.A.'s aquaculture business; the ability to complete the Marine Harvest sale transaction; the impact of laws and regulations; and operating hazards, including marine disasters, spills or environmental damage. Many of these factors are beyond Stolt-Nielsen S.A.'s ability to control or predict. Given these factors, you should not place undue reliance on the forward-looking statements. Should one or more of these risks or uncertainties occur, or should management's assumptions or estimates prove incorrect, actual results and events may vary materially from those discussed in the forward-looking statements.