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Vopak acquires remaining interest in DUPEG terminal (Hamburg) from Lehnkering

01 November 2005 01:00

Rotterdam, the Netherlands, 1 November 2005

  • Vopak acquires remaining 50% interest in DUPEG (Hamburg) from Lehnkering
  • As a result, Vopak takes full ownership of this storage company

Koninklijke Vopak N.V. announces its agreement with its partner Lehnkering GmbH, earlier today, to acquire the latter’s 50% interest in DUPEG Tank-Terminal Deutsch-Ueberseeische Petroleum GmbH & Co (DUPEG). Following this acquisition, Vopak takes full ownership of this terminal established in Hamburg (Germany).

Kees van Seventer, President of Vopak Chemicals Europe, Middle East & Africa, says: “DUPEG is a perfect terminal for the worldwide network of Vopak terminals. That is why we immediately seized the opportunity to take full ownership of the terminal. Vopak has been co-owner of DUPEG since 1997. Under the name Vopak DUPEG Hamburg, we will continue to serve our clients in the same excellent manner as before.”

The DUPEG terminal holds 120 tanks with a combined capacity of 137,000 m3. The terminal has two deep-sea jetties and various loading stations for cars and railway carriages.

This terminal mainly processes a wide range of chemical products. In addition, Vopak operates another terminal for oil products at the same port (720,000 m3).

Profile

Royal Vopak is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products. Upon request, Vopak can provide complementary logistics services for customers at its terminals. Vopak operates 73 terminals with a storage capacity of more than 20 million cbm in 29 countries. The terminals are strategically located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.