Oiltanking Aquires Vopak Terminals in Finland
Hamburg, July 15, 2015 – Oiltanking GmbH is pleased to announce the
acquisition of 100 percent of the shares of Vopak Chemicals Logistics Finland
Oy, consisting of two terminals for the storage and handling of bulk
chemicals and petroleum products. This transaction will more than triple
Oiltanking’s capacity in Finland.
The two terminals with a combined capacity of 175,400 cbm are located in Kotka and
Hamina, at the South East coast of Finland at the Baltic Sea. Oiltanking already owns
and operates a terminal in this area under the name Oiltanking Sonmarin Oy, with a
total storage capacity of 81,700 cbm.
After the acquisition, the terminals of both companies will be consolidated into one
company under the name of Oiltanking Finland Oy.
Finland is one of the main transit hubs for the export and import of chemical and
petroleum products in relation to Russia and the other FSU countries. This transaction
will further strengthen the ability of Oiltanking to serve this market segment by
combining the existing well equipped storage capacities with the newly acquired tank
Following this acquisition, the total storage capacity of Oiltanking Finland terminals
increases to 257,100 cbm with 75 tanks in various sizes from 500 to 10,000 cbm. The
terminals in Kotka are connected to two jetties (10.0 and 13.5 m draft) and two
others (9.0 and 10.0 m draft) in Hamina. All products can be received and loaded out
by sea, tank containers, railtank cars and trucks.
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 19.4 million cbm.
For more information, please visit www.oiltanking.com and www.marquard-bahls.com.