Successful Commissioning of PT Oiltanking Karimun in Indonesia

PT Oiltanking Karimun, a joint venture between Oiltanking GmbH and Gunvor Group, is pleased to announce that it has commissioned its new state-of-the-art terminal with the successful receipt of 60,000 metric tons of gasoline and gasoline components. The terminal, which is strategically located within the Straits Hub, has a total storage capacity of 730,000 cbm designed to serve the growing demand for petroleum
products in Asia.

With land scarcity in Singapore, Oiltanking selected the island of Karimun in Indonesia as the optimal location for its latest green field terminal to serve regional trade. Karimun is ideally located along the Malacca Strait and is in close proximity to Asia's main oil trading hub in Singapore.

PT Oiltanking Karimun caters to the storage and handling of the full range of clean petroleum products as well as fuel oil and has ample ready-to-build land available to allow for expansions. Positioned within a Free Trade Zone, the terminal avails of four deep-water berths, including VLCC capability and excellent onshore infrastructure; thereby ensuring its customers of the highest quality of service and record turn-around times
for their ships.

The new terminal in Karimun is a welcomed addition to Oiltanking’s existing facilities in the Straits Hub and will be operated in line with the Groups’ HSSE standards. Highly complementary to each other in terms of location and functionality, the facilities are fully equipped to serve various markets and product segments ranging from clean petroleum products to fuel oil, chemicals and gases and possibly crude oil, thereby offering great flexibility and choice to Oiltanking’s customers.

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 19.2 million cbm.

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals and bulk materials from where they are sourced and stored to where they are demanded most. With strategic investments in industrial infrastructure (refineries, pipelines, storage, terminals, mining and upstream), Gunvor further generates sustainable value across the global supply chain for its customers.