Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAsiaUniversal Terminal targets February 2015 IPO after delay

Universal Terminal targets February 2015 IPO after delay

Universal Terminal targets February 2015 IPO after delay
Singapore’s Universal Terminal is now targeting to launch an initial public offering (IPO) in February next year, following a delay from its originally planned date in early December.

The IPO, potentially valued at SGD1bn ($757m), has been delayed due to uncertain market conditions, reports quoted sources as saying.

DBS, HSBC and Standard Chartered are the joint global coordinators for the IPO planned on Singapore Exchange.

Universal Terminal, co-owned by Singapore’s oil traders Hin Leong and China’s PetroChina, operates one of the largest independent oil storage terminals in Asia on Singapore’s Jurong Island.

The terminal offers 2.33m cu m of storage capacity, 78 storage tanks and 15 jetties, of which two can berth fully-laden VLCCs.

TAGS: Finance & Insurance Ports
Related
Stacked containers in port of Los Angeles
Mixed signals on container freight rates as Red Sea alarm subsides
Apr 24, 2024
Hengli newbuild bulker
Hengli bags four bulkers from Ciner Shipping
Apr 24, 2024
Smoke from ship funnel
Carbon emissions rocket as ships reroute from Red Sea to Cape
Apr 24, 2024
SIPG container yard
Shanghai Port and Lianyungang Port strengthen partnership
Apr 23, 2024