Stolt-Nielsen acquires Dagenham storage terminal

Stolt-Nielsen has announced the acquisition of a storage terminal at Dagenham from Norbert Dentressangle.
Completion is subject to the transfer of licences and permits, and the receipt of necessary approvals to operate the facility.  The transaction is expected to close during the company’s fourth quarter of 2012. 
The terminal consists of 195 tanks with a total of 134,000cbm.
Walter Wattenbergh, president of Stolthaven Terminals, said: “This terminal, our first in the UK, joins Stolthaven’s growing global network of bulk-liquid storage facilities.  The Dagenham terminal gives us a foothold in the UK market and will provide added support to the Stolt Tankers’ inter-European coastal fleet.  Our initial plans include an immediate upgrade programme, with the decommissioning of several old tanks and the construction of new tanks.”