WASHINGTON: Storage revenues for Rubis Terminal have increased by 1.6% as the company looks to expand capacity at Rotterdam. In its third quarter financial results its overall storage revenues, taking into account 100% of all terminals under management, reached $46 million.
In France, revenue from all products combined increased by 2.6%. Since August 2016 Rubis signed a management contract for the Gironde oil depot, which has a capacity of 135,000 m3 and annual traffic of 1.9 million tonnes, capitalising on its HSE and managerial track record. Revenues from the sale of chemicals, heavy products and edible oils were broadly stable, with a rebound in demand for edible oil storage in Dunkirk. In Rotterdam, revenues were stable over the period. The terminal is about to commission new storage capacity, for which operating leases have been signed. Stable growth of 17% was recorded in Antwerp as a result in the ramp-up of new contracts but Turkey recorded a slowdown of -10%.
