Vopak opens Singapore-Banyan Terminal
May 1, 2006 12:00 PM
Royal Vopak's fourth terminal in Singapore has been officially opened by Lim Hng Kiang, minister of trade and industry for that nation. With completion of the first phase of the Vopak Singapore-Banyan Terminal, the company adds 370,000 cbm capacity to its network. Strategically located, the Banyan terminal will meet the need for storage facilities in this region in both the oil and chemical industries.
The new terminal is on Banyan Avenue, Jurong Island. Facilities comprise 340,000 cbm of oil storage capacity in 16 tanks and 30,000-cbm chemical storage capacity in 10 tanks. The two jetties can berth up to 120,000-dwt vessels.
From the start of operations, the capacity of its chemicals and oil tanks of the new Banyan terminal has been fully contracted out to its customers for which Vopak offers market-driven systems. Vopak now operates four terminals with a total capacity of 1.9 million cbm through its subsidiary Vopak Terminals Singapore, the first of which started operations in 1982.
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