Ningbo - Van Ommeren Tank Terminal Ningbo (VOTTN)

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Ningbo Zhenhai Port has become an important international transfer base of liquefied products. In the Zhenhai Port area there are 4 docks of liquefied chemical products, and the 50,000 ton dock constructed last year is the biggest dock for liquefied products in China. Storli ASA (which changed its name to Odfjell ASA in 1998) has a 12.5% stake in the first foreign-owned chemical storage terminal in China, the van Ommeren Tank Terminals unit at Ningbo, which was completed in 1994. A second phase was completed in 1997, increasing capacity from 26,500 cu meters to 64,450 cu meters. Van Ommeren later raised its stake in Ningbo Terminal from 7.5% to 37.5%. Helm AG owns 35% and the Ningbo Port Authorities further 15%. None None