The agreement is entered with a fund managed by Macquarie Infrastructure and Real Assets. The 50% share will a price of around USD 300 million. This implies an enterprise value of around USD 330 million for Odfjell Terminal's share in the Singapore terminal.
Oiltanking Odfjell Terminal Singapore (OOTS) is located on Jurong Island. As one of the busiest ports in the world, Singapore plays a major role in the distribution of petrochemicals in Asia. Singapore also has a high concentration of refinery capacity as well as a large and diversified chemical production. OOTS is fully integrated with Jurong Island’s chemical and petrochemical plants via its pipeline connections with Bukom, Seraya, Merbau and Ayer Chawan.
OOTS became operational in September 2001, has 82 tanks, ranging from 800 cbm to 18,000 cbm and a total capacity of 377,000 cbm. The terminal's stainless steel capacity is around 13,520 cbm. Further growth is secured through its prime location and good infrastructure.
The flexible storage and transfer services offered by the terminal, along with excellent marine facilities, creates a hub for the global and regional shipping services in Asia. OOTS has five dedicated chemical berths for vessels ranging from 1,000 to 80,000 dwt maximum displacement.
Tank trucks can reach the terminal via the new road link with the mainland. The terminal provides six loading bays for the handling of trucks and iso-tank containers. In addition, OOTS also renders drum filling services.
*Odfjell Terminals B.V. is owned by Odfjell SE (51%) and Lindsay Goldberg (49%).