Change of Shareholding in Oiltanking Odfjell Terminal Singapore
21.12.2017 - Singapore:
Following Odfjell SE’s public announcement in May 2017 of its intent to sell, Odfjell Terminals BV, one of the ultimate shareholders of Oiltanking Odfjell Terminal Singapore Pte Ltd (OOTS), has completed the share transfer of its shareholding in OOTS to an infrastructure fund managed by Macquarie Infrastructure and Real Assets (MIRA).
In light of the transfer, the name of the terminal has been changed to Oiltanking Singapore Chemical Storage Pte Ltd (OTCS). Both Oiltanking GmbH and MIRA each have a 50 percent shareholding in OTCS.
The state-of-the-art terminal is an integral part of Jurong Island amidst one of the most established and fastest growing chemical and petrochemical complexes in the world. It offers 82 tanks with individual storage capacity ranging from 800 cbm to 18,000 cbm, equivalent to a total storage capacity of 402,000 cbm.
OTCS has access to 5 jetties with a maximum draft of 15.70 m, capable of berthing vessels up to a maximum displacement of 80,000 mt. The terminal is connected to the pipeline network on Jurong Island thereby extending its reach to support the refining and petrochemical industries on the island.
Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 80 terminals in 24 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.
Macquarie Infrastructure and Real Assets (MIRA) is part of Macquarie Asset Management Group, the asset management arm of Macquarie Group (Sydney), a diversified financial group providing clients with asset management, banking, advisory and risk and capital solutions across debt, equity and commodities. As at September 30, 2017, MIRA has assets under management of more than $A141.5 billion invested in 137 portfolio businesses, ~300 properties and 4.5 million hectares of farmland.
For media inquiries, please contact:
Douglas van der Wiel
Oiltanking Asia Pacific Pte Ltd
+65 6305 8608
Jan Willem van Velzen
Director East of Suez & Africa
+49 40 37004 424