• Home
  • News
  • KN concludes agreement with UAB Elektrėnų energetikos remontas on reconstruction and adaptation of two storage tanks for bitumen loading
  • 2020 December 8 10:04

    KN concludes agreement with UAB Elektrėnų energetikos remontas on reconstruction and adaptation of two storage tanks for bitumen loading

    KN (AB Klaipėdos Nafta), the operator of oil and liquefied natural gas (LNG) terminals, says it concluded an agreement with UAB Elektrėnų energetikos remontas on the reconstruction and adaptation of two storage tanks for bitumen loading. These tasks are scheduled for completion in the second half of the next year. The agreement is valued at EUR 2.1 million. This is one of several investment projects planned by the company in order to increase the efficiency and flexibility of the oil terminal in Klaipeda by adapting the existing infrastructure to new cargoes.
    The contractor undertakes to fully prepare the existing two storage tanks of 4200 cubic meters, used for storing fuel oil with water impurities, for loading and storage of bitumen, a new product.  Product unloading pumps will be installed next to the storage tanks, that will pump hot (150-160 degrees Celsius) bitumen from tank trucks into the storage tanks, which will be stored and later exported by tankers.
    “Implementing our strategic plan and achieving one of the goals – we are launching a project for the adaptation of storage tanks for bitumen loading, so we can enter the markets of new oil products. This is a new product that we plan to start loading next year. This is also tied to our goal for increasing the efficiency of the KN oil terminal. This year, unlike any other, has shown that long-term planning combined with a quick reaction to market changes and timely adaptation is necessary in order to facilitate losses in one product segment by diversifying the portfolio. Due to lower oil prices and margins of oil product refining this year, as their flows through KN terminals decreased, more oil and biofuels were loaded as well as more oil product storage services were provided,” says Mindaugas Navikas, Chief Sales Officer of KN.
    Bitumen is used in projects such as the production of roofing and road construction. According to the Chief Sales Officer of KN, when planning the bitumen loading, it was decided to adapt the existing storage tanks to the new product rather than expand the existing KN terminal. This will save time and achieve the goal of making optimal use of the existing terminal infrastructure, as the construction of new storage tanks would take longer than the reconstruction of the existing ones. During the last 4 years, KN has invested about EUR 45 million in Klaipeda oil terminal, and last year the company started operating a new storage tank park, the volume of which increased by 120 thousand cubic meters and currently reaches 575,000 cubic meters.
    “In addition to this investment, we are implementing other investment projects necessary to ensure the competitiveness and flexibility of the infrastructure. Together with Klaipeda State Seaport Authority, we are carrying out the reconstruction of KN berths,” says M. Navikas. “After the reconstruction of the berths, three ships will be able to moor and load at the same time, and we will have the opportunity to receive the largest tankers that can enter the Baltic Sea. KN also continues to focus on the environment and implements the Environmental Action Plan, according to which the KN’s investments in the environment by the end of 2021 will reach EUR 8 million. In 2013-2019 KN has already invested almost EUR 5 million in measures to reduce air pollution.”

2022 January 25

18:10 Ports of Los Angeles & Long Beach postpone Container Excess Dwell Fee
17:55 Joint Russian-Chinese naval exercise Peaceful Sea-2022 took place in the Arabian Sea
17:36 Broad scope of Wärtsilä power solutions selected for gas-fuelled ferry trio
17:26 ICTSI's Cavite Gateway Terminal beefs up operations
17:04 BLRT Grupp is constructing a unique floating exhibition centre for Norway
16:45 Port of Los Angeles launches first-of-its-kind cyber resilience center
16:25 IDFA, Port of Los Angeles, and CMA CGM form joint initiative to advance U.S. dairy exports
15:52 MOL announces the world's first successful sea trial of autonomous sailing on a commercial container ship voyage
15:13 Damen commissions Rolls-Royce business unit to supply automation solutions for German Navy’s F126 frigates
15:02 Valenciaport and COSCO collaborate in the automation of the delivery of container seals
14:41 Flag-raising ceremony held on Sibir, first serial nuclear-powered icebreaker of Project 22220
14:02 7.6 million tonnes of goods handled in record quantities at the Port of Kiel
13:36 Glavgosexpertiza approves installation of NSR maritime distress safety system at “Dickson” station
13:12 European shipowners support EU parliamentary proposal on commercial operators and a sector-dedicated fund
12:54 Damen signs up ERMA FIRST to supply world’s smallest Ballast Water Treatment System
12:30 TotalEnergies launches Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
12:11 OOCL posts results for 2021
11:24 RF Accounts Chamber found Russian IWW potential not to be used in full
11:00 European Parliament proposed amendments to EU ETS put Green Deal goals at risk, says World Shipping Council
10:17 Saimaa Canal Commission grants permit to Transport Infrastructure Agency for construction in Saimaa Canal lease area
09:43 Baltic Dry Index as of January 24
09:28 Crude oil prices continue moderate increase
09:15 MABUX: Global bunker prices to trend lower on Jan 25

2022 January 24

18:22 Nakilat takes delivery and management of fourth LNG carrier newbuild
18:09 CMA CGM and TotalEnergies launch Port of Marseille Fos’ first ship-to-containership LNG bunkering operation
17:55 Detachment of RF Navy’s Baltic Fleet went to sea to fulfill tasks of long-distance campaign
17:32 Raiffeisenbank opens USD 20 million credit facility for Sea Port of Saint-Petersburg
17:13 GTMaritime guide sets out future of maritime communications
16:50 Glavgosexpertiza approves construction of coal terminal Port “Vera” in Primorye
16:29 Salus Technical introduces its the cloud-based software Bowtie Master
15:58 Tersan shipyard lays down trawler for Magadan based fishing company Tikhrybkom
15:11 Wärtsilä hits methanol milestone with first newbuild engine order
14:30 Sea Port of Saint-Petersburg to take delivery of over 40 units of handling equipment and one 63-tonne crane in 2022
14:01 Dogger Bank announces supplier events for O&M phase
13:44 BW Offshore signed an agreement for the sale of the FPSO BW Joko Tole
13:21 Loko-Bank shareholder increased his share in FESCO to 26.52%
13:07 Royal Dutch Shell plc changes its name to Shell plc
12:44 FESCO increases number of transit container trains from CPV almost twice in 2021
12:23 EdgeTech rolls out the 6205s2 Swath Bathymetry & Side Scan Sonar System
12:18 PGS secures Northern Lights CO2 storage acquisition contract
11:52 Maersk Drilling secures 21-month contract with TotalEnergies
11:17 Second episode of a creative multimedia project named The Ecologist was launched in cooperation with Van Oord
10:49 Heerema announces contract with McDermott for Saudi Aramco’s Marjan Increment Program
10:42 Eastern Shipbuilding completes major infrastructure improvement project to support OPC program
09:28 Crude oil prices rise as demand increases
09:11 Baltic Dry Index as of January 21
08:37 MABUX: No firm trend on Global bunker market on Jan 24

2022 January 23

14:29 Record figures in Polish ports
13:52 Coast Guard to close southern Green Bay for commercial traffic
12:36 CMHI shipyard hosts a keel-laying ceremony for Ulstein designed expedition cruise vessel ‘Ocean Albatros’
11:47 SGMF releases updated version of LNG as a marine fuel – Safety and Operational Guidelines – Bunkering'
11:08 James Fisher Renewables secures high voltage safety management commissioning contract from Iberdrola’s Baltic Eagle offshore win
10:57 BW Ideol secures close to 1GW of offshore floating wind acreage in ScotWind leasing round
09:51 AIDA named Top Employer again

2022 January 22

14:06 Crowley names Marcus Jadotte as Senior VP, Government Relations
13:29 Kongsberg Digital joins the NorthWind project to develop digital twin technology for offshore wind
12:41 New year boost for MYCRANE as four lifting experts join the team
12:07 Mitsui O.S.K. Lines, Ltd. and Bombora Wave Power strengthen their collaboration through an investment
11:34 Carnival Cruise Line adding more embarkation enhancements as it commits to current protocols for the foreseeable future
10:54 Indian Register of Shipping strengthens focus on safety of Inland Waterways