investment

Global growth

INVESTMENT Odfjell has an ambitious growth strategy for its tank terminal business, developing a new facility in Charleston while expanding in Houston and working on several possible new projects in China that could add another 2m m3 of tank storage capacity to its portfolio 

Aerial view of OTC

Odfjell to extend ties with Lindsay Goldberg

Odfjell and Lindsay Goldberg are planning to extend their existing joint venture to cover almost all of Odfjell's storage terminal assets.

Azelis gets backing for growth

Azelis reports that its existing group of shareholders have "injected a capital increase of €30m, with the majority being provided by 3i".

GATX adding rail tanks in Europe

GATX Rail Europe, a subsidiary of US-headquartered rail tank lessor GATX, has placed a “sizeable multi-year order” for newly built tank cars from a Bulgaria-based supplier.

DEOT deal closes

Inter Pipeline Fund, owner of Simon Storage, has closed the acquisition of the four Danish petroleum storage terminals from Dong Energy A/S at a price of some $459m.

Private cash for IOT

IOT Infrastructure & Energy Services, the 50/50 Indian Oil Corp/Oiltanking joint venture, has raised Rs 100 crore ($20m) from India Infrastructure Development Fund, the private equity arm of UTI AMC.

VTTI to take stake in Petrotank

VTTI has agreed to buy a 50% interest in PetroLux Sarl, indirect owner of a majority interest in Petrotank Neutrale Tanklager GmbH.

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