Pan European Terminals PLC Contract Win (3401P)
01 October 2013 - 4:00PM
UK Regulatory
TIDMPAN
RNS Number : 3401P
Pan European Terminals PLC
01 October 2013
1 October 2013
Pan European Terminals PLC
("PAN" or "the Company")
New Contract Award
Pan European Terminals (AIM: PAN), which provides transhipment
and storage facilities into Europe and Russia for the hydro-carbon
industry, is pleased to announce that its 100% owned subsidiary,
Dan Balt Tank Lager A/S ("Dan Balt"), yesterday entered into a
contract with a major European energy producer for the storage of
Heavy Fuel Oil product in Dan Balt's Aabenraa terminal.
The contract commences immediately, with the first delivery
expected in mid-October 2013. The new customer will have the
exclusive use of tanks 27 and 28 for a minimum of six months,
extendable at the option of both parties.
-ends-
Enquiries:
Pan European Terminals plc Tel: +44 (0)20 3145 1908
Simon Escott, Chief Executive Mob: +44 (0)7920 095 800
Westhouse Securities Ltd (Nomad and Broker) Tel: +44 (0)20 7601 6000
Richard Johnson / Antonio Bossi
Leander (Financial PR) Tel: +44 (0)7795 168 157
Christian Taylor-Wilkinson
Notes to Editors:
Pan European Terminals Plc operates hydrocarbon refined product
Storage and Transhipment Terminals in Aabenraa (Denmark),
Kaliningrad City (Russia) and Baltysk (Russia). It also leases and
operates tanks in Rotterdam (Holland). The Group presently has
approx. 400,000 Cubic Meters of tank capacity under ownership or
management, with approximately 40% of its annual profit now being
derived from its non-Russian assets. The Group has been building
critical mass in this field for three years and offers its
customers flexibility, competitive rates and excellent facilities
for storage, transhipment and bunkering services.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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