Vopak starts terminal operations in Panama

Royal Vopak announces that it has reached a long-term agreement with Chevron to manage and operate for Chevron its existing 509,000 cbm terminal in Panama. Chevron continues to be the owner of the terminal. Vopak’s operatorship is expected to start in Q3 2016.
Next to this agreement with Chevron, the key regulatory approvals have been obtained for the development of a first phase 360,000 cbm independent oil terminal, owned by Vopak, at Bahia Las Minas at the same location. A long term contract has already been signed for part of this new capacity. ….