Pan European Terminals PLC Operational Update - Dan Balt
08 October 2013 - 5:00PM
RNS Non-Regulatory
TIDMPAN
Pan European Terminals PLC
08 October 2013
8 October 2013
Pan European Terminals PLC
("PAN" or the "Company")
Operational Update from Dan Balt
Pan European Terminals (AIM: PAN), which provides transhipment
and storage facilities into Europe and Russia for the hydro-carbon
industry, announces that its 100% owned subsidiary, Dan Balt Tank
Lager A/S ("Dan Balt"), has been notified by its client, Monjasa,
of an increase to its ship-to-ship (STS) bunkering fleet in the Ska
region of the Danish Straits, one of the busiest straits in the
world for shipping density (www.marinetraffic.com).
Monjasa has increased its fleet, by the addition of the MT San
Padre Pio, which completed its first bunkering operation at Dan
Balt's Aabenraa terminal on 7 October 2013. Dan Balt will in
consequence see a greater throughput of product at the terminal.
The vessel is less than one year old and has been modified in
Aabenraa to undertake STS bunkering in the Skagen area.
New Safety and Disaster Management Plan
Due to the extensive upgrades that have been carried out in the
last nine months in the Dan Balt terminal, the management team
have, together with Ramboll as consultants and advisors, produced a
new five year Safety and Disaster Management Plan ("SDM Plan") for
the approval of the local Danish authorities, including the police
and health and safety departments.
This extensive SDM Plan covers all aspects of disaster recovery
and mitigation that might arise in the next five years. It is hoped
that the SDM Plan will receive final approval from the authorities,
who have been involved in the process with the Company throughout
the year, in January 2014.
A full copy of the SDM Plan will be published on the PAN website
in due course.
-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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