HOUSTON, Jan. 8, 2018 /PRNewswire/ — Zenith Energy, L.P. (“Zenith”), an international liquids and bulk terminaling company, today announced that it has signed an agreement to acquire a liquids storage terminal facility in Hamburg, Germany from Royal Dutch Shell plc (“Shell”). The transaction is expected to close in the first half of 2018. Terms of the transaction were not disclosed.
The terminal assets are located in the Port of Hamburg, Germany’s largest seaport and the third largest container port in Europe. The facility, located on 55 hectares, serves as a refined product import and blending terminal in North Germany with an expected storage capacity of over 480 thousand cubic meters / 3.0 million barrels for gasoline, diesel and jet fuel; inbound and outbound ocean vessel, barge, rail and truck; and pipeline connectivity in the Port of Hamburg. After transferring ownership to Zenith, Shell will remain a significant customer of the terminal. read more
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