Gateway Terminals LLC, a subsidiary of SEACOR Holdings Inc, announces an agreement with MV Purchasing, LLC (MVP) to provide storage and transfer services for MV Purchasing’s Bakken crude oil shipments at Gateway's intermodal storage and shipment facility located in Sauget IL. The service is expected to commence on December 1, 2012.
Tim Power, president of Gateway Terminals LLC, says: "Gateway has a proven track record of safely moving large volumes of product from rail to storage and into barge and we are looking forward to working with MVP well into the future."
Gateway offers truck, rail (including unit trains), and barge in and out capability. The facility can offload 100-car unit trains in less than 24 hours and is located on the Alton & Southern Railroad, providing convenient access to all major Class I railroads. The terminal opened in 2008 and has been primarily used in clean petroleum products and fuel ethanol service. The terminal began offering storage and transfer services for shale oil in June 2012.