Odfjell Terminals (Rotterdam) (OTR) has been fined €3m by Rotterdam’s Public Prosecutor for breaches of safety and licensing requirements.
Odfjell has put on hold further re-commissioning of tankage at its Rotterdam terminal.
Odfjell SE has reported EBITDA of $37m for the third quarter 2013, virtually unchanged from the prior period but well ahead of the $7m recorded in the third quarter 2012.
CONSTRUCTION Several new tank terminal projects have been announced in Brazil in recent months. However, squabbles over the country’s new Ports Law could put these projects on hold
PREVIEW Tank Storage Asia returns to Singapore for what organisers call the biggest and best show in Asia ever. HCB looks at all the things visitors can expect
SHIPBUILDING This quarter has been a busy time for Asian shipyards – September and October saw a sudden rush of LPG carrier operators clamouring to place orders for new capacity. What’s going on?
Widespread expectation of a firming gas tanker market as a result of shale-gas inspired trade developments has encouraged more ordering in the market this week.
SHORTSEA SHIPPING The LPG tanker market continues to hold firm and the chemical tanker market sees a slight upward trend
MARKET Europe’s storage market is ticking along nicely, in spite of adverse macroeconomic conditions across the continent. Meanwhile, terminal operators are waiting to see what the shale revolution in the US will bring to their business
Odfjell’s tank terminals posted EBITDA of $7m for the second quarter, down from $13m a year earlier, as reconstruction work at the Rotterdam terminal continues to be a drain on cash.