Change of Shareholding in Oiltanking Odfjell Terminal Singapore
Following Odfjell SE’s public announcement in May 2017 of its intent to sell, Odfjell Terminals BV, one of the ultimate shareholders of Oiltanking Odfjell Terminal Singapore Pte Ltd (OOTS), has completed the share transfer of its shareholding in OOTS to an infrastructure fund managed by Macquarie Infrastructure and Real Assets (MIRA). In light of the transfer, the name of the terminal has been changed to Oiltanking Singapore Chemical Storage Pte Ltd (OTCS). Both Oiltanking GmbH and MIRA each have a 50 percent shareholding in Oiltanking Singapore Chemical Storage.
The state-of-the-art terminal is an integral part of Jurong Island amidst one of the most established and fastest growing chemical and petrochemical complexes in the world. It offers 82 tanks with individual storage capacity ranging from 800 cbm to 18,000 cbm, equivalent to a total storage capacity of 402,000 cbm.
Oiltanking Singapore Chemical Storage has access to 5 jetties with a maximum draft of 15.70 m, capable of berthing vessels up to a maximum displacement of 80,000 mt. The terminal is connected to the pipeline network on Jurong Island thereby extending its reach to support the refining and petrochemical industries on the island.