October 9, 2012 [Oiltanking GmbH] - Oiltanking GmbH today announces that it has entered into an agreement to acquire a 100% shareholding in Helios Terminal Corporation Pte. Ltd. and its holding company Chemoil Storage Limited subject to regulatory approvals.
Located on Jurong Island in Singapore the terminal of Helios has a total capacity of 503,000 cbm. Commissioned in 2008 it is a built-for-purpose fuel oil storage and blending facility. The terminal is equipped with a finger jetty with six berths that can handle up to two Suezmax-size vessels simultaneously.
Oiltanking already operates two terminals in Singapore with a combined storage capacity of more than 1.7 million cbm. The acquisition will further strengthen Oiltanking’s market position for petroleum products in Singapore and Southeast Asia.
