News
Oiltanking expands its storage petroleum storage and jetty capacity
15.06.2006 - Malta:
Oiltanking GmbH announces that it is currently expanding its petroleum storage and jetty capacity within its terminal facility in Malta with 90,000 cbm and an additional berth to accommodate its customers increasing demand for fuel oil storage capacity.
The central location of Oiltanking Malta close to the main international shipping lanes is much appreciated by the market for its efficient distribution to the various Mediterranean countries and for leveraging on long-haul arbitrage opportunities both going East and West.
The 90,000 cbm currently under construction will further strengthen its hub position within the Mediterranean petroleum storage market. The new tanks will increase the total storage capacity of Oiltanking Malta to 560,000 cbm.
The additional berth can accommodate vessels ranging up to 50,000 dwt and allows for a draft of 13.5 meters. In total Oiltanking Malta offers 4 berths for vessels up to 120,000 dwt with a draft of 16 meters.
Oiltanking, a division of German Marquard & Bahls AG, is the second-largest independent tank storage provider for petroleum products, chemicals and gases worldwide. Oiltanking owns and operates 71 terminals in 21 countries in Europe, North and South America, the Middle East and Asia. The group operates a total storage capacity of 11.1 million cbm worldwide.
For more information on Oiltanking and Marquard & Bahls, please visit: www.oiltanking.com and www.mbholding.com
For media enquiries, please contact:
Mr Sönke Stein
Managing Director
Terminal Malta
Tel:+356 21 650 230
sonke.stein@oiltanking.com
Mr Daan Vos
GM Far & Middle East and Europe Oiltanking
Oiltanking GmbH
Tel: +49 40 370 990
daan.vos@oiltanking.com
The central location of Oiltanking Malta close to the main international shipping lanes is much appreciated by the market for its efficient distribution to the various Mediterranean countries and for leveraging on long-haul arbitrage opportunities both going East and West.
The 90,000 cbm currently under construction will further strengthen its hub position within the Mediterranean petroleum storage market. The new tanks will increase the total storage capacity of Oiltanking Malta to 560,000 cbm.
The additional berth can accommodate vessels ranging up to 50,000 dwt and allows for a draft of 13.5 meters. In total Oiltanking Malta offers 4 berths for vessels up to 120,000 dwt with a draft of 16 meters.
Oiltanking, a division of German Marquard & Bahls AG, is the second-largest independent tank storage provider for petroleum products, chemicals and gases worldwide. Oiltanking owns and operates 71 terminals in 21 countries in Europe, North and South America, the Middle East and Asia. The group operates a total storage capacity of 11.1 million cbm worldwide.
For more information on Oiltanking and Marquard & Bahls, please visit: www.oiltanking.com and www.mbholding.com
For media enquiries, please contact:
Mr Sönke Stein
Managing Director
Terminal Malta
Tel:+356 21 650 230
sonke.stein@oiltanking.com
Mr Daan Vos
GM Far & Middle East and Europe Oiltanking
Oiltanking GmbH
Tel: +49 40 370 990
daan.vos@oiltanking.com