Oiltanking sells 45% of its shares in Helios Terminal in Singapore

 Oiltanking GmbH has entered into an agreement to sell 45% of its shares in Helios Terminal Corporation Pte Ltd to Macquarie Capital, subject to regulatory approvals.

Helios is a world-class fuel oil storage terminal, strategically located on Jurong Island in Singapore--one of the world’s busiest ports and the main oil hub in Asia. Helios is a built-for-purpose fuel oil storage and blending facility with a total shell capacity of 503,000 cbm.

It is a state-of-the-art facility which was built in accordance with the highest technical, operational and environmental standards. The terminal is equipped with 18 storage tanks, and it is capable of handling VLCC-sized vessels.

Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital’s investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit.