RSS - LBC Tank Terminals : The latest news from LBC Tank Terminals http://www.lbctt.com Wed, 10 Oct 2012 00:00:01 GMT http://www.lbctt.com/images/logo_strapline.png http://www.lbctt.com Fri, 10 Jan 2013 00:00:01 GMT LBC Tank Terminals has moved another step closer to expanding its Bayport Terminal in Seabrook Texas. The Port of Houston and the Army Corps of Engineers have completed their review of the permits and have approved the addition of a marine ship dock and two barge docks. On completion of these facilities, the Bayport terminal will have a total of 4 ship docks and 7 barge docks. In addition to these state of the art marine facilities, LBC will begin construction of new storage capacity, adding in the range of 3 million to 4 million barrels (477 000 to 636 000 m3) targeting both the chemical and petroleum industries. Once completed, the additional capacity will increase the Bayport site to approximately 10 million barrels (1 600 000 m3). New truck and rail loading facilities are also a key part of these expansion plans. LBC's terminal in Bayport is conveniently located in the Bayport Industrial Complex in Seabrook, Texas and is the first stop for all ships tendering through Galveston Bay (Houston Gulf). http://www.lbctt.com/news.html#DockHouston Fri, 28 Sep 2012 00:00:01 GMT LBC Shanghai has received an award for its excellent economic and export performance by the Shanghai Municipal Commission of Commerce and the Shanghai Association of Enterprises with Foreign Investment. This is the 5th time the business has received this award, since 2006. LBC is one of over 1 200 foreign invested enterprises in the region, managing volume imports and exports in excess of (US) $10 million. The award continues to underpin LBCs commitment to first class quality and service for its customers and marks the firm's broader commitment to invest across the region. http://www.lbctt.com/news.html#RecognitionExcellenceShanghai Tue, 11 Sep 2012 00:00:01 GMT LBC Tank Terminals will be attending the 28th annual Asia Pacific Petroleum Conference in Singapore, and are again confirmed as gold sponsors. The event, which has become one of the most important annual forums for the pan-Asian oil and gas industry, is attended by industry executives, experts and practitioners. This year, LBC's Asian team, led by Peter Lim, Anthony Ho and Shelley Yang, will be supported by LBC's Group CEO Brett Simpson and Group Director of Strategic Development, Dr Simon Madgwick. http://www.lbctt.com/news.html#LBCAPPECSingapore Mon, 10 Sep 2012 00:00:01 GMT LBC Group today confirms that a consortium advised by Access Capital Advisers (Access) comprising Dutch pension fund asset managers APG Algemene Pensioen Groep N.V. (APG), PGGM (through its PGGM Infrastructure Fund 2012) (PGGM) and Australian superannuation investors has completed its acquisition of the remaining 70% of LBC Terminals Jersey Limited (LBC) from Challenger Infrastructure Fund and Challenger Life. This follows the parties signing a binding sale and purchase agreement on 4 June and obtaining European Commission clearance earlier this month. The move marks a significant endorsement for LBC Group's long-term ambitions for global development and growth. LBC Group CEO, Brett Simpson, commented 'I am very excited to see this transaction close. Our new shareholders share our group-wide vision for growth and fully support our drive to accelerate our ambitions.' http://www.lbctt.com/news.html#LBCAnnouncesNewShareholders Wed, 22 Aug 2012 00:00:01 GMT LBC Tank Terminals has announced plans to expand its operations at its Baton Rouge terminal, located in the Geismar Industrial Complex, on the Mississippi. This expansion is another step for LBC Group's long-term global growth program; continuing to build out its USA facilities. Construction in Baton Rouge has already started with permitting of the first tanks and will eventually include 3 million barrels of additional storage capacity, as a response to the growing demand for tank storage in the area. The site's rail facilities are also being further enhanced with the building of additional rail unloading spots, steaming spots and increasing rail storage capacity to meet the rise in customer demand as a response to the growth in the movement of heavy crude oil and fuel oil products. LBC's investment drive in the Baton Rouge site is extensive, including plans for another 4 carbon steel storage tanks, capable of handling truck, rail and marine movements. Plans are currently being finalized, with the first 2 tanks expected to be operational in April 2013. http://www.lbctt.com/news.html#NewStorageCapacityBatonRouge