News
The Prax Group acquires Total oil terminal
The Prax Group has worked closely with Total Belgium over the last few months to ensure the smooth acquisition of the terminal. The facility will be re-branded as Prax Terminals Belgium, with Harvest Energy Marine managing all bunkering and commercial operations performed at the terminal.
With a 20,000 cubic metre capacity, the Prax Group will use the terminal for the storage of marine bunker fuels. Its strategic location in the outer port of Zeebrugge means the company can cater to many customers throughout North West Europe, including car carriers, cruise ships, container lines and RORO vessels, offering ship owners and operators a minimum turnaround time in one of the world’s busiest ports.
The terminal is ideally situated to enable the Prax Group to focus on its strategic plans to expand its presence in northwestern European coastal waters.
Sanjeev Kumar, CEO of the Prax Group, said; “I am delighted to announce the acquisition of the terminal in the port of Zeebrugge, which reflects our strategic objective to move into a new stage of accelerated investment, growth and development. This acquisition demonstrates our proactive approach to the ever-changing needs of our customers in the marine fuels environment and our commitment to build a robust and reliable supply chain to meet those needs. It is the natural evolution in our progression towards making Harvest Energy Marine a leading player in the global marine market.”
Geert Boden, general manager of Harvest Energy Marine, said; “As we continue to serve customers from right across the north west of the continent, it is imperative for us to maintain the strong brand reputation and high standards of safety, supply and service for which we are known. The acquisition of the terminal in Zeebrugge means that Harvest Energy Marine is readily able to adapt to the changes in the current bunkering market. We are in a great place to respond to the requirements of our customers, both new and existing, in order to continue to deliver innovative solutions to reduce refueling times, whilst providing customers with their most important resource.”