Pin Oak Corpus Christi, a three way partnership between Dauphine and commodities dealer Mercuria Energy Group, acquired its first vessel Wednesday at its newly commissioned oil dock on the Port of Corpus Christi.
The dock, able to accommodating totally laden bulk liquid tankers as much as Suezmax class with loading charges in extra of 40,000 barrels per hour, was inaugurated by the 2005-built Aframax tanker Pacific Dawn.
The 105,700 dwt tanker is a part of Teekay Axramax Pool, in line with the information from VesselsValue.
The dock development was a joint effort between the Port of Corpus Christi Authority and Pin Oak Terminals. The Port Authority constructed the dock, mooring constructions and executed dredging whereas Pin Oak put in the topside dealing with gear, the storage amenities, and the frequent service pipeline interconnects.
“We set out on this course roughly two years in the past to execute on a big capital improvement program along side the Port of Corpus Christi to create a world-class multi-modal terminal firm,” mentioned Corey Leonard, Chief Executive Officer of Pin Oak.
“Bringing Oil Dock 14 on-line for Suez-max class vessels is a key part of our technique, and this week’s achievement marks a big milestone in our efforts to change into the premier terminal and logistics firm within the South Texas market.”
“As the Energy Port of the Americas, it’s extra very important now than ever that we proceed to assist facilitate commerce to assist our nation and the remainder of the world on the street to restoration,” mentioned Charles W. Zahn, Chairman of the Port of Corpus Christi Commission.
Pin Oak Corpus Christi owns and manages the Pin Oak Corpus Christi and Pin Oak Taft Terminals.
Pin Oak’s Corpus Christi Terminal has three.eight million barrels of heated and unheated storage (rising to five million barrels) connecting to Suezmax succesful docks.
In January 2019, Pin Oak acquired 236 acres close to its terminal in Corpus Christi to offer further storage for bulk liquids in extra of 10 million barrels.
The web site is about to be linked by means of a brief distance pipeline to the primary web site on the Corpus Christi Ship Channel and it’s located subsequent to the primary rail line and Corpus Christi rail yard.
Pin Oak’s Taft Terminal commenced development on 1.7 million barrels of crude oil tankage, together with pipeline interconnections to EPIC, Red Oak, and Gray Oak Pipelines final yr.
The terminal is geared toward complementing Pin Oak’s Corpus Christi Terminal with an roughly four million barrel storage facility, that includes export-capable Suezmax and MR docks.
The put up Pin Oak Corpus Christi hundreds 1st vessel at new oil dock appeared first on Offshore Energy.