Vopak has reported third quarter revenues of €309.5m, up from $297 one a year ago, with operating profit edging ahead by 1.4% at €128.4m.
During the quarter Vopak commissioned the new 144,000-m3 Corpus Christi terminal, designed to serve the ExxonMobil/Sabic joint venture Gulf Coast Growth Ventures. It also added 57,000 m3 of new tankage at the Linkeroever site in Antwerp and the Botlek terminal in Rotterdam, and started ammonia operations at the Vopak Moda Houston joint venture terminal. Vopak also took a strategic decision to discontinue its active participation in the German LNG project, booking an exceptional loss of €11.1m, though it says it remains optimistic in other LNG projects in which it is involved.