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Terminals

Ottco and Royal Vopak sign agreement for SEZAD

Oman Tank Terminal Co. (OTTCO), a subsidiary of OQ Group, and Royal Vopak have signed a shareholder agreement to establish a new company in the Special Economic Zone at Duqm, Oman (SEZAD).

 
 
 
 

US ethane exports projected to grow through 2026

US ethane exports are poised for significant growth through 2026, driven by robust global demand for ethane as a petrochemical feedstock, substantial US export capacity expansions, and larger vessels to carry ethane exports, the EIA has reported.

 
 
 
 
 
 

Eagle Venice arrives at Tranmere terminal

Tranmere terminal, UK, has welcomed the Eagle Venice, a very large crude carrier (VLCC) – one of the largest vessels to visit the terminal.

 
 
 

Petredec to divest Petredec (Mauritius) to STC

Petredec Onshore Pte. Ltd. has signed an agreement to divest 100% of the shares in Petredec (Mauritius) Ltd (PML) to the State Trading Corp. (STC) of Mauritius, subject to customary completion steps.