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Wednesday, September 26, 2018

Mol Chemical Tankers, SEA-Invest to Build Tank Storage Farm

Maritime Activity Reports, Inc.

September 12, 2018

Image: Port of Antwerp

Image: Port of Antwerp

The Japanese group MOL Chemical Tankers is coming to the port of Antwerp. Together with the port group SEA-Invest it is to invest some 300 to 400 million euros in construction of a tank storage terminal for liquid chemicals. This is yet more confirmation of the port's power of attraction for big investors.

Mol Chemical Tankers, a member of the Japanese group Mitsui O.S.K. Lines, will team up with SEA-Invest to build a tank storage terminal in the port of Antwerp. The Sea-Mol joint venture has been set up for this purpose, for which it will invest some 300 to 400 million euros. The new investment is expected to create 100 direct jobs.

The tank terminal will be located on a 45 hectare site in the Delwaide dock. This is only one part of the concession for which the Port Authority issued a Request for Proposals in 2018. Six candidates were selected as a result, one of them being Sea-Mol.

Negotiations were started with the latter with a view to signing a concession agreement. Negotiations with the other five candidates are ongoing with a view to making the best use of the remaining part of the site.

"This investment is further confirmation of our port's ability to attract major investors. It will also boost our position as one of the largest chemical clusters in the world. This is very good news for the port, and for our economy," concluded Jacques Vandermeiren, CEO of Antwerp Port Authority.

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