Specialist international infrastructure investment company, Amber Infrastructure Group, announced in mid-October that funds under its management have signed an agreement to acquire a majority stake in Service Terminal Rotterdam (STR), a fully-contracted 242,000 m3 bunker fuel blending and storage terminal in Rotterdam.
Investing alongside funds managed by Amber is Access Capital Partners (Access); Amber and Access have together acquired all of the issued share capital of STR, it said.
As a modern terminal designed for blending fuels, STR is particularly well-equipped to react to changing regulation, such as the recent International Maritime Organisation-mandated reductions to the amount of sulphur that is allowed in marine fuels that took effect in January 2020, it added.
Amanda Woods, chief investment officer of Amber, said: “We are delighted to announce the acquisition of STR. As a modern and flexible terminal in the centre of the Port of Rotterdam, the busiest port in Europe, STR is specialised in the blending and storage of low and ultra-low sulphur marine fuels on behalf of its customers.”
“We look forward to working with STR’s management and our partner, Access, to help drive the adoption of these lower-emission fuels.”
For more information visit www.amberinfrastructure.com