This terminal will have an annual capacity of 250,000 kilo litres (KL) and will store petroleum, non-petroleum and petrochemical cargoes in the northern part of India.
The first phase has a capacity of 110,000 KL and the second phase, with a capacity of 140,000 KL, will be commissioned by mid-March.
“The location of our terminal offers a strategic and logistical advantage to our customers in the North Western markets. This project stands as a stepping stone for the terminal storage sector within the Indian market, further consolidating our plans for India, future investments and further strengthening Gulf Petrochem’s position as a leading player in the global oil space” said Manan Goel, director, Gulf Petrochem.
The terminal has 46 tanks of different capacities, which are able to contain all classes of petroleum products, chemicals, petrochemicals, vegetable oil, lube base oil, fuel oil and also bitumen.
To serve the terminal, it is fitted with an exclusive oil berth with a draft of 12 m for handling MRs, carrying up to 40,000 tonnes of cargo.
According to reports from Russia, Gazprom Neft has made its first winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula.
A tanker carrying 16,000 tonnes of crude oil, escorted by an Atomflot nuclear icebreaker, will deliver the cargo at the beginning of March.
Over 50,000 tonnes of oil is to be shipped during the winter delivery period, which is due to end in May of this year.
The trial winter oil shipment by sea tankers was approved at public hearings in December 2014, following an environmental review, local media said.
Before the shipments commenced, the team were put through a number of special training exercises to prepare them to respond to any accident or emergency situation.
Novy Port is one of the largest oil and gas condensate fields being developed on the Yamal Peninsula. It is located above the Arctic Circle and some distance away from the oil pipeline transport infrastructure.
NewLead Holdings has announced that it has agreed its first Contract of Affreightment (coa) for the bitumen tanker ‘Katerina L’, to ship, within a 10-month period, of a minimum of 31,000 tonnes of bitumen over 10 voyages, or, at the charterer's option, up to a maximum of 49,600 tonnes of bitumen over 16 voyages.
The first shipment was scheduled to commence by the end of this week.
‘Katerina L’ is to trade in the Mediterranean and United Arab Emirates areas between major refineries. She has secured employment for a minimum of 100 and a maximum of 300 days in 2015, depending on the respective trading routes.
Philly Tankers, which is majority owned by Aker Philadelphia Shipyard, has entered into long-term timecharter contracts with an unnamed US concern for the two 50,000 dwt Jones Act MRs it has on order at the shipyard. The charters will commence after delivery of the vessels in 2016 and 2017.
Philly Tankers also holds an option for two additional product tankers with deliveries in 2017, which it expects to declare, subject to raising the necessary equity capital.
In other chartering news, BP reportedly fixed the 2001-built VLCC ‘Shinyo Kannika’ for 12 months at $40,000 per day.
Several Aframaxes were fixed for period business, including the near sisters ‘DHT Cathy’ and ‘DHT Sophie’ said to have been taken by Shell for two years at $22,500 per day each, the ‘Ratna Namrata’ fixed to Koch for 12 months at $22,700 per day and the ‘Iblea’charteredc to Penfield for three years at $20,500 per day.
In the S&P sector, Prime Management was said to be the purchaser of the two Ice Class 1A LR1s ‘STI Heritage’ and ‘STI Harmony’ for $30 mill each. A previous sale was believed to have failed.
Two 2009-built MRs - ‘Gold Express’ and ‘Silver Express’ - were said to have been sold to Maersk Tankers for $23 mill each and the Mexican MR ‘Tulum’ was believed committed to unknown buyers at $14 mill.