Zenith Energy acquires Hamburg terminal from Shell

Zenith Energy, L.P. (Zenith) is set to acquire Royal Dutch Shell’s liquid storage terminal facility in Hamburg, Germany. The sale is due to close during the first half of this year.  

The terminal is in the Port of Hamburg, Germany’s largest seaport and the third largest container port in Europe. It is housed on a 55 hectares site and 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.  

Chief Executive Officer of Zenith, Jeffrey R. Armstrong said: “We are pleased to further Zenith’s geographic expansion with the acquisition of these terminalling assets strategically located in the Port of Hamburg, one of the world’s largest trading ports and a key terminaling center for crude and refined products in Europe. This is a natural progression in our growth strategy and underscores our commitment to expand into key European markets. We are excited to be working with Shell, a leader in the global oil and gas industry, and all of our customers in Hamburg, as well as welcoming our new colleagues in the region and further investing in the terminal facility.”

For more information visit www.zenithem.com

8th Jan 2018