Published by
Alex Hithersay,
Editorial Assistant
Tanks and Terminals,
Odfjell Terminals has announced that Koole Terminals B.V. has acquired 100% ownership of Odfjell Terminals Rotterdam.
Reference is made to the stock exchange announcement of 2 July 2018, in which Odfjell Terminals entered into an agreement with Dutch company Koole to sell its 100% ownership of OTR.
The sale will generate US$100 million of cash proceeds to Odfjell.
Read the article online at: https://www.tanksterminals.com/terminals/21092018/odfjell-finalises-sale-of-rotterdam-tank-terminal/
McDermott's storage business, CB&I, was presented with two Field-Erected Tank of the Year awards by the Steel Tank Institute/Steel Plate Fabricators Association during its annual meeting in New Orleans, US.