Abu Dhabi based Liwathon acquires Vopak E.O.S.
Today, Royal Vopak N.V. and Global Ports Investments PLC publicly announced the sale of Vopak E.O.S., the largest independent oil products terminal operator in the Baltic region. Abu Dhabi based Liwathon acquired all shares in the company, which will be renamed Liwathon E.O.S.
Vopak E.O.S. Ltd. is the largest independent oil products terminal operator in the Baltic states. The company is located in a geographically favorable location, which allows to provide our customers with a very wide range of services in the area of handling, terminalling, throughput and storage of oil products traded for worldwide destinations.
Vopak E.O.S. Ltd. operates four modern terminals with a total storage capacity of 1,051,800 cbm. The terminals are situated in a strategic, easily accessible location, in the ice-free Port of Muuga within the Port of Tallinn on the southern shore of the Gulf of Finland. The proximity of Russia and the infrastructure of the Port of Muuga enable Vopak E.O.S. to offer excellent opportunities for sea transportation of liquid fuels from Eastern Europe to Western Europe, America and Southeast Asia. The terminals have direct connection to Estonian railways. Additionally, all railway operations and logistics are managed by Railway company E.R.S. Ltd., a wholly owned subsidiary of Vopak E.O.S. Ltd.
AS Vopak E.O.S. is the promoter of the planned Tallinn LNG Terminal project developed in cooperation with Port of Tallinn (the port authority) and Vopak LNG in Muuga harbour, Tallinn, Estonia. The project is planned to be implemented in accordance with the market needs and security of supply requirements.