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
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.
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.
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.
