TANK

TERMINALS

Odfjell has ten operational, part owned tank terminals at strategic locations around the world, as well as terminal projects under development in China. Nine of the operational tank terminals are part owned by 51% through Odfjell Terminals BV Joint Venture. In addition, Odfjell Terminals has a cooperation agreement with 14 tank terminals in South America. These tank terminals are partly owned by related parties.


Tank terminals in

24 Ports*

1,393 Tanks

of storage *

4.1 Mill.

CBM Storage Capacity


* Gross figures including related tank terminals partly owned by related parties.

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Our tank terminal network has more than 800 employees, and 4.1 million cubic meters of storage space in 1,393 tanks at 24 ports around the world. In combination with our shipping business, this makes Odfjell one of the world leaders of transportation and storage of bulk liquids.

In addition to the storage business, the Rotterdam tank terminal has a petroleum industrial distillation (PID) service that offers toll distillation for the petrochemical and petroleum industry. Tank terminals also offer cargo-consolidation programmes designed to reduce time in port and fuel consumption in port for our ships.

The combination of shipping and tank terminals puts Odfjell in a unique position to offer our customers increased safety, reliability, product stewardship, efficiency and improved arrival accuracy. We are experiencing a steady increase in demand, for cargo consolidation, as a result of the industry’s ongoing pursuit of efficiency improvements along the entire supply chain.

HIGHLIGHTS – BUSINESS DEVELOPMENTS

In 2016, Odfjell Terminals (Rotterdam) expanded its toll distillation capacity from 1,800,000 tonnes to 2,190,000 tonnes annually to meet customer demands. A large  part of the new capacity was contracted. In 2016, available tank capacity expanded from 970,000 cbm to 1,000,000 cbm and the commercial occupancy rate was 96% throughout the year.

Odfjell Terminals (Houston) (OTH) had a steady year with expected high utilisation including the new tank bay, Bay 10 – 1,900 cbm carbon steel liquid tanks designed to API 650F standards, which was commissioned on 1 October 2015. All tanks were 100% commercially committed the day they were commissioned.

In 2012, Odfjell started the construction of a new terminal in the Bohai Bay region near Tianjin, China through the joint venture with Tianjin Economic-Technological Development Area. The terminal received the necessary operational permit in 2016 and is currently in start up operations.

In line with Odfjell Terminals’ strategy, further terminal projects across the world are under evaluation.

ODFJELL TERMINALS EUROPE

ODFJELL TERMINALS (ROTTERDAM) (OTR), THE NETHERLANDS

Located at Botlek, the heart of Rotterdam's harbour and the most important chemical distribution centre in Europe, OTR has a total gross storage capacity of about 1,636,498 cbm in 284 storage tanks. Current capacity approved for use is 1,198,000 cbm of which 1,000,000 are commercially available. The tank terminal stores both chemicals and mineral oil products.

The Rotterdam PID service controls a large share of the independent product distillation market in Northwest Europe, and operates four distillation columns with a combined total annual distillation capacity that was expanded to 2,190,000 tonnes during 2016.

The Odfjell Terminals Maritiem (OTM) site is located almost directly opposite OTR, on the south bank of Rotterdam’s main shipping artery Nieuwe Waterweg, surrounded by the port’s largest global-scale refineries. It is connected to OTR via pipeline, and is used to conduct transshipments.

Overall, the Rotterdam tank terminal enjoys an extensive infra- structure, with five berths for deep-sea tankers, seven positions for short-sea vessels and 14 positions for barges. The terminal also has extensive facilities for handling trucks, ISO containers and rail cars. The site has its own wastewater treatment plant, which also serves third parties.

In 2016, OTR continued to implement its long-term business plan. The upgrading of the facility to meet the new industry PGS29 standards is according to schedule. The distillation facility represents the new opportunities in the petroleum market and has concluded several contracts that represent historically high throughput.

NOORD NATIE ODFJELL TERMINALS (NNOT), BELGIUM

NNOT, in which Odfjell Terminals acquired a 25% share in 2012, offers a unique combination of storage and related value-added services for several types of liquids. The terminal has a strategic location in the port of Antwerp with easy access to the sea, inland waterways, roads and railways.

With 240 tanks and a total capacity of 348,499 cbm, NNOT provides storage and related activities for chemicals, liquids for human or animal consumption, mineral oils, base oil, oleochemicals and biofuels.

ODFJELL TERMINALS NORTH AMERICA

ODFJELL TERMINALS (HOUSTON) (OTH), USA

Houston is the major international hub for import and export of chemicals to and from the USA. OTH is also the hub for Odfjell’s global and regional trades to and from the US Gulf. The realisation of synergies is always a priority and the tank terminal has multiple shared customers with Odfjell Tankers, which demonstrates the benefit of cargo consolidation and expedited shipment for all parties.

The tank terminal in Houston was completed by Odfjell in 1983, and has since expanded to 119 tanks with a total capacity of 379,982 cbm at the end of 2016. The tank terminal boasts one of the largest stainless steel storage capacities of any independent tank terminal in the world, in total 113,180 cbm. The facility also has spheres to handle various LPGs.

ODFJELL TERMINALS (CHARLESTON) (OTC), USA

Charleston is located near the major shipping lanes on the US East Coast. The port is one of the best maintained ports in this region, and is dredged every two years by the US Army Corps of Engineers.

The terminal started operations in early 2014, and had nine tanks with a total capacity of 79,243 cbm at the end of 2016. 

ODFJELL TERMINALS ASIA

ODFJELL TERMINALS (DALIAN) (OTD), CHINA

OTD started operation in 1998, but was relocated from its original site to Dalian New Port in Xingang in 2007. The tank terminal’s capacity is 51 tanks with 119,750 cbm storage capacity. The stainless steel capacity is 18,350 cbm. The tank terminal has four berths for sea-going tankers with up to 50,000 dwt capacity. The location is well connected by rail to the vast hinterland of Northeast China, and the tank terminal can manage up to 120 rail wagons concurrently.

Odfjell Terminals holds 50% of the shares in OTD, while Dalian Port Company Ltd (PDA) is the other shareholder in the company. 

Odfjell and PDA have jointly established a training academy for terminal operators for operations in China.

ODFJELL TERMINALS (JIANGYIN) (OTJ), CHINA

OTJ is located in the Jiangyin Economic Development Zone on the south bank of the Yangtze River, approximately 150 km west of Shanghai and 12 hours by ship upriver from the estuary. The 99,800 cbm terminal became operational in late 2007 and has excellent facilities for handling a wide range of petrochemicals from ships, barges and trucks. OTJ comprises 22 tanks. The stainless steel capacity is 30,000 cbm. The terminal has the largest jetty on the Yangtze River at its disposal. In total, there are eight berths for the handling of deep-sea tankers, coasters or barges. OTJ can accommodate up to 50,000 dwt ships.

ODFJELL TERMINALS (KOREA) (OTK), KOREA

OTK is strategically located in Ulsan, the most important petro- chemical distribution and transshipment hub in Northeast Asia. The tank terminal entered operation in 2002 and has 85 tanks, with a total storage capacity of 313,710 cbm.

OTK is one of the most sophisticated terminals in Ulsan, and has a 15,860 cbm stainless steel capacity. The tank terminal owns and operates six berths, with user rights to another two berths, that can handle vessels of up to 80,000 dwt. OTK also has modern drumming facilities for break bulk operations.

Odfjell Terminals holds 50% of the shares. Local partner Korea Petrochemical Ind. Co. Ltd (KPIC) owns 43.6%. The remaining 6.4% shareholding is held by two other Korean companies.

ODFJELL NANGANG TERMINALS (TIANJIN) (ONTT), CHINA

ONTT is a joint venture project between Odfjell Terminals Asia and Tianjin Nangang Industrial Zone Port Co. Ltd. The terminal is strategically located at Tianjin Port on Bohai Bay, in the Nangang Industrial Zone. It is the nearest port to the production areas of the North and Northwest China hinterland, and the link to Middle/ West Asia. It is also the closest port to Beijing.

Nangang Industrial Zone (NIZ) is a green field development, and planned by the Chinese Central Government to be the largest petrochemical zone in Northeast China. It is expected to accommodate the production of over 200 different petrochemicals. ONTT will service customers within NIZ and customers using the zone for local distribution or export. It will have connections to road and rail, as well as having a large marine infrastructure.

Phase 1 started operation in November 2016 and will have three ship docks and 28 tanks with a total storage volume of 137,800 cbm.

ODFJELL CHANGXING TERMINALS (DALIAN) (OTCX), CHINA

OTCX is a joint venture project between Odfjell Terminals Asia (40%), Dalian Port (PDA) Company Ltd (40%) and Dalian Changxing Island Administrative Commission (CXI Committee) (20%). The potential terminal will be strategically located at the Changxing Island, which is a major national petrochemical industry base. Total land area of OTCX is about 52 hectares, reclaimed from the sea.

ODFJELL TERMINALS (QUANZHOU) (OTQ) FUJIAN, CHINA

In June 2013, Odfjell signed an agreement to enter into a joint venture with the Founder Group, to become 50/50 partners for the development of a petrochemical tank terminal in Quanzhou, Fujian Province, China. Odfjell Terminals acquired, from the Founder Group, a 50% equity share in the existing Fujian Fangtong Terminals Co Ltd., including land and an existing jetty.

OILTANKING ODFJELL TERMINAL SINGAPORE (OOTS), SINGAPORE

As one of the busiest ports in the world, Singapore plays a major role in the distribution of petroleum and petrochemicals in Southeast Asia. OOTS is located on Jurong Island, where most of Singapore’s petrochemical industry is concentrated.

The tank terminal became operational in 2001. The total current capacity is 402,000 cbm in 82 tanks and spheres for petrochemical gases, varying from 800 cbm to 18,000 cbm. The stainless steel capacity is 13,520 cbm. OOTS has three deep-sea jetties. The berths can accommodate double-banking and board-to-board cargo transfers, as well as delivery of bunker fuels from shore tanks. The tank terminal also performs operational management and has access to two additional berths. The tank terminal is a 50/50 joint venture between Odfjell Terminals and Oiltanking.

EXIR CHEMICAL TERMINAL (ECT), IRAN

Exir Chemical Terminal is a joint venture between Odfjell SE (35%), Oiltanking (35%) and Nuian, a private Iranian investor (30%). It is the first independent tank terminal for bulk liquid chemicals in Iran.

ECT is strategically situated in the Petrochemical Special Economic Zone (PETZONE) in the port of Bandar Imam Khomeini. The terminal is connected by pipelines to jetties in the PETZONE, and can accommodate vessels up to 45,000 dwt. The terminal consists of 18 tanks, in total 22,000 cbm, and has been operational since January 2010. 

ODFJELL TERMINALS PARTLY OWNED BY RELATED PARTIES, SOUTH AMERICA

The tank terminals, partly owned by related parties, first became operational in Buenos Aires in 1969. Today, they consist of 14 tank terminals spread along the coasts of Brazil, Argentina, Chile and Peru, with a strong market position for chemical storage in the region. These terminals are partly privately owned by the Odfjell family together with other investors, and have its operational headquarters in São Paulo.

The eight Brazilian tank terminals are located in Santos, Rio Grande, Triunfo, São Luis, Teresina, Triunfo, Ladario and Palmas. Argentina is home to two tank terminals, one in Buenos Aires and the other, a state-of-the-art terminal in Campana, about 80 km upriver from Buenos Aires. The Chilean tank terminals are located in San Antonio and Mejillones, and the Peruvian terminal in Callao.

 

These extensive tank terminal activities in South America provide an excellent complement to Odfjell’s frequent and traditionally strong shipping activities within the region. Where practical, shipping and storage services are marketed from shared offices, facilitating logistical solutions as comprehensive as required by our customers.

TANK TERMINALS*

Figures in

 

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

Gross revenue

USD million

 

123

112

94

129

145

227

 245 

 248 

 232 

 180 

Operating result before depreciation and

gain (loss) on sale of fixed assets (EBITDA)

USD million

 

47

40

(4) 

21

27

96

 110 

 109 

 95 

 74 

Operating result (EBIT)

USD million

 

53

4

(31) 

(73) 

(8) 

62

 75 

 68 

 68 

 54 

Total assets

USD million

 

578

629

650

685

1 062

 1 092 

 987 

 691 

 634 

 481 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tank capacity (owned 100%)

1 000 cbm.

 

3 539

4 672

 4 643 

 4 658 

 4 551 

 4 221 

 3 732 

 3 719 

 3 100 

 2 553 


* Reflection of actual historical Odfjell ownership share