The tank terminal was completed earlier this summer and has a strategic location in the most important petrochemical distribution and transhipment hub in Northeast Asia. Odfjell is one of the largest carriers of bulk liquid chemicals to and from Korea and makes a significant number of port calls and transshipment operations in the region.
The new terminal has 39 tanks with a total storage capacity of 109 000 m3 and land avaliable for future expansions. The total investment on a 100% basis is about USD 41 million.
Our investment in Odfjell Terminals (Korea) coinsides with our strategy to own and operate storage facilities at important chemical distribution centres around the world. In view of the company’s existing tank terminals in Houston, Rotterdam, Singapore and in China, achieving a foothold in Korea represents another important step in this direction.
Odfjell is a leading company in the global market of transporting and storing of chemicals and related logistical services. The fleet totals 90 ships, trading both globally and regionally, of which 51 are owned by the group. Odfjell’s global services link the continents together and an expanding regional fleet, operated from Singapore, trades extensively within Asia, Australia and New Zealand. Odfjell Terminals has a worldwide network of chemical tank terminals with a total storage capacity of 2,5 million cbm. Odfjell additionally owns and operates tank containers.