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Scorpio Tankers receives
STI Gladiator, Highlander 

Scorpio Tankers Inc has taken delivery of STI Gladiator and STI Highlander. The aggregate purchase price for both vessels was $50.0 million. STI Gladiator and STI Highlander are the final two of the six vessels the company previously agreed to acquire in April and May 2010...

CB&I receives LNG
storage tank contract 

CB&I has been awarded a contract, valued in excess of US $190 million, for two LNG (liquefied natural gas) storage tanks associated with a major liquefaction project in the Asia Pacific region...

ArcLight closes financing
for HFOTCO expansion 

AL Gulf Coast Terminals, LLC, a majority owned portfolio company of ArcLight Capital Partners LLC, has closed a $305 million financing supported by the ownership interests in its subsidiary, Houston Fuel Oil Terminal Company LLC (HFOTCO)...

Oiltanking, Dupré Logistics
establish joint venture firm 

Oiltanking and Dupré Logistics announced the formation of a joint venture company named Oiltanking-Dupré. This new organization, dedicated to serving customers in need of material handling for pet coke...

EMLL acquires petroleum terminal in eastern Pennsylvania 

El Maniel International Inc announced the acquisition of an oil terminal in eastern Pennsylvania. The acquisition will include five acres of land, buildings,...

Fleets & Terminals 

The Truck Safety Coalition, a partnership between Citizens for Reliable and Safe Highways (CRASH) and Parents Against Tired Truckers (PATT), awarded its...

Despite signs of saturation, storage tank numbers still growing 

OVER THE past three years, significant increases in storage tank capacity were added worldwide for crude oil and refined petroleum products. Still more...

Explosion in San Juan, Puerto Rico, shows importance of knowing emergency responder limitations and utilizing skills of experts 

, By Rick Weber

WHEN a fuel-air explosion ignited the Buncefield fire in December 2005 at the Hertfordshire Oil Storage Terminal and destroyed 20 large storage tanks...

Experts in tank foundations and bottoms analyze designs, problem remedies 

, By Rick Weber

ALAN Watson, an internationally recognized expert in storage tank lifting and foundations, said the best advice he can give owner-operators is to stress...

Navios agrees to acquire
seven VLCC tankers 

Navios Maritime Acquisition Corporation has signed a securities purchase agreement that contemplates the acquisition of a fleet of seven VLCC tankers for an aggregate purchase price of $587.0 million...

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