Storage tanks

Odfjell Terminals have announced that Frank Erkelens will join the company as the new CEO of global activities.

Supported by slow fleet growth and ongoing positive refinery margins, VLCC earnings in 1Q16 were up from a year ago, but down from 4Q15.

USD Partners LP has announced their results for the first quarter 2016.

Fox Petroleum has proposed India’s first FSRU LNG terminal to the Karnataka Government.

Zenith Energy and Grupo Coremar have completed the first phase of the Palermo Tanks Terminal in Colombia.

Penspen has signed an agreement with ADNOC Distribution to provide engineering services for the upgrade of various terminals and depot facilities in the UAE.

Essar Ports Hazira Terminal has received approval from GMB to handle 15 million tonnes of third party merchant cargo.

Lodestar Energy Group has announced its new multi-modal site at the Gulf Inland Logistics Park, Texas.

Zenith Energy has completed its acquisition of BP's Amsterdam terminal.

On 23 April, General Dynamics NASSCO hosted a christening ceremony for the second ECO Class tanker for American Petroleum Tankers (APT).

Plains All American Pipeline and Cheniere Energy have announced a long term storage agreement.

The Mountaineer NGL Storage project has begun its non-binding open season for 1.6 million barrels of storage with great success.

Emerson marked the official opening of its new US$24.5 million office and radar technology centre in Gothenburg, Sweden, on 21 April.

New awards for the first quarter include scope an LNG project, refinery maintenance work, crude oil storage and petrochemical licensing.

Research and Markets have released the ‘Global Oil Storage Industry Strategic Analysis 2016’.