A second phase of expanding ATT Tanjung Bin (ATB) oil terminal in the Port of Tanjung Pelepas, Malaysia, has been completed, adding 262,000 m³ to its storage capacity.
With 12 new tanks, the completed terminal has 1.15 million m³ of storage capacity and six marine berths able to accommodate very large crude carriers (VLCCs), according to a statement from ATB, a wholly owned subsidiary of Vitol Tank Terminals International (VTTI).
“The expansion was completed on budget, on time, and in a superlatively safe manner,” said ATB in the statement.
VTTI is a 50-50 joint venture between trading house Vitol Group and Malaysia-listed shipping company MISC.
The extra storage space is expected to boost regional demand for storage.
The terminal’s first phase, which started in April 2012, was fully leased and has capacity to store fuel oil, middle distillates, and gasoline, while its jetty can accommodate a partly laden VLCC or a fully laden Suezmax.
Meanwhile, the terminal’s newly completed phase two has added a jetty to accommodate 120,000 dwt Aframax vessels.
This post was sourced from IHS Maritime 360: View the original article here.
