Service Terminal Rotterdam Refinancing

EvoInfra acted as model auditor to Amber Infrastructure on the refinancing of Service Terminal Rotterdam (STR), a tank storage business.

STR is a modern facility that is highly specialised in the blending and storage of marine fuels which are critical to the global economy, with no clear alternative to their use in the medium / long term. The business is an independent bulk liquid storage terminal located in the Port of Rotterdam, Netherlands. The facility has a total capacity of 242,154 cbm and is designed specifically for the storage of ‘bunker fuels’, a group of products of varying specification that are used for the fuelling of maritime vessels.

Rotterdam is considered a key bunkering hub in the ARA (Antwerp-Rotterdam-Amsterdam) region, in part due to it being the largest port in Europe and therefore a convenient place for vessels to refuel, but also due to its location at the centre of the European petrochemical industry.

Following the signing of a new contract in October 2023, all of the current capacity of the terminal is contracted on a ‘take or pay’ basis until June 2029, and subsequently refinancing existing debt with Nord/LB.