Oiltanking GmbH is pleased to announce the acquisition of 100 percent of the shares of Vopak Chemicals Logistics Finland Oy, consisting of two terminals for the storage and handling of bulk chemicals and petroleum products. This transaction will more than triple Oiltanking’s capacity in Finland.

The two terminals with a combined capacity of 175,400 cbm are located in Kotka and Hamina, at the South East coast of Finland at the Baltic Sea. Oiltanking already owns and operates a terminal in this area under the name Oiltanking Sonmarin Oy, with a total storage capacity of 81,700 cbm.

After the acquisition, the terminals of both companies will be consolidated into one company under the name of Oiltanking Finland Oy.

Finland is one of the main transit hubs for the export and import of chemical and petroleum products in relation to Russia and the other FSU countries. This transaction will further strengthen the ability of Oiltanking to serve this market segment by combining the existing well equipped storage capacities with the newly acquired tank terminals.

Following this acquisition, the total storage capacity of Oiltanking Finland terminals increases to 257,100 cbm with 75 tanks in various sizes from 500 to 10,000 cbm. The terminals in Kotka are connected to two jetties (10.0 and 13.5 m draft) in Kotka and two others (9.0 and 10.0 m draft) in Hamina. All products can be received and loaded out by sea, tank containers, railtank cars and trucks.

About Oiltanking

Oiltanking GmbH is a subsidiary of Marquard & Bahls, a Hamburg-based family-owned company that operates in the fields of energy supply, trading and logistics. Oiltanking is the second largest independent tank storage provider for petroleum products, chemicals and gases worldwide. The company owns and operates 73 terminals in 22 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 19.4 million cbm.

About Royal Vopak

Royal Vopak is the world's leading independent tank storage provider for the oil and chemical industry. As of 13 July 2015, Vopak operates 74 terminals in 27 countries with a combined storage capacity of 32.7 million cbm, with another 5.8 million cbm under development, to be added during the period 2015 - 2019. Vopak's mission is to ensure safe, reliable and effective storage and handling of bulk liquid products at key marine locations that are critical to its customers around the world. The majority of its customers are companies operating in the oil, chemicals and gas sector, for which Vopak stores a large variety of products destined for a wide range of industries. Vopak's strategic focus is on four categories of terminals: Major hubs, supporting intercontinental products flows. Terminals facilitating growth in global gas markets. Import distribution terminals in major markets with structural deficits. Industrial and chemicals terminals, in the Americas, the Middle East and Asia.

See the site of the terminal in Hamina