Oil Sector Growth Prompts Marseilles-Fos Investments

Friday, February 08, 2008
Oiltanking Mediaco Marseille has confirmed plans to construct $294.5m refined products depot at the Port of Marseilles Authority’s Fos oil terminal. With a first phase due on stream in 2010, the 800,00 cu m facility offers additional throughput potential of six million tons a year at Marseilles-Fos – already the world’s third biggest petroleum port – reinforcing its Mediterranean hub role in refined products trades.

The partners in the new company are Oiltanking, a subsidiary of Hamburg’s Marquard & Bahls, and Marseilles-based Mediaco. Oiltanking is said to be the world’s second largest independent tank farm operator, with 73 storage terminals in 21 countries, while Mediaco is the leading company of its kind in France, with a string of storage terminals including a Marseilles depot for oil and non-hazardous chemical products. Their joint project will be located on an 18-hectare site in the Cavaou zone at Fos.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Modernization for Two Swedish Icebreakers

Protacon, a company based in Jyväskylä, Finland, informs it has received an order from Swedish Maritime Administration for the modernization of electric and automation systems of two icebreakers.

Maersk Issues 'letter of undertaking' to Iran

Maersk Line said on Wednesday it had provided a letter of undertaking in relation to uncollected cargo that has led to the seizure by Iranian authorities of the vessel Maersk Tigris.

Iran: Maersk Boxhip Dispute Near Settlement

Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of Hormuz last month,

Ports

Shell Declares Force Majeure on Forcados Crude Exports

Shell has declared force majeure on exports of Nigeria's Forcados crude oil stream, a spokesman for the company said on Wednesday.   It declared force majeure

April Ice Hinders Great Lakes Ore Trade

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 4.3 million tons in April, nearly 15 percent below the month’s long-term average, the

At Greek port, Migrants Try for Italy

Rapper Mahdi Babika Mohamed's journey to a better life in Europe started in his native Sudan and passed through Libya and Turkey before abruptly ending in a squalid

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0902 sec (11 req/sec)