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Odfjell Confirms Partial Restart of Rotterdam Tank Terminal

7:48 AM MDT | September 28, 2012 | Ian Young

Odfjell says that limited operations have restarted at the company's Rotterdam tank-storage terminal, and that the facility is operating at about 20% capacity. The company halted operations at Odfjell Terminals Rotterdam (OTR), last July, to carry out urgent safety upgrades. Odfjell says it expects the remaining capacity at the facility to restart gradually and be fully online within six months. Meanwhile, OTR has "initiated several cost-cutting initiatives and is in the process of preparing a plan to reduce the workforce to match the reduced activities at...

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