January/February 2019
Tank Containers
B ULK D ISTRIBUTOR
9
Eurotainer
goes
composite
E
urotainer has become the latest tank lessor to offer
composite tanks to customers.
After a thorough analysis of the available composite tank container
manufacturers, Eurotainer placed an order and recently took delivery
of new 20ft composite barrel tank containers from Omni Tanker of
Australia.
Eurotainer chose Omni Tanker due to its years of expertise in
composites, a superior composite technology and a willingness to
work with Eurotainer to build tank containers that meet the needs
of its client base. In turn, Omni Tanker was looking for a leasing
company that could help it expand globally. Omni and Eurotainer
are now working together to provide a product that offers a
lightweight alternative to lined/coated steel tanks.
Omni Tanker is one of the world’s leading composite technology
and manufacturing companies. It owns proprietary composite
materials technology, applied to the manufacture of high technology
composite tanks with exceptional chemical resistance and low tare
weight for bulk transportation of corrosive and high purity chemicals.
It is these two primary attributes that separate Omni Tanker from
the competition, said Eurotainer, and makes its product the perfect
choice.
“The ability to offer clients a safe, lightweight, durable, easy-to-
clean and versatile composite tank container has been a goal of
Eurotainer for some time,” the lessor stated. “Omni Tanker has
delivered with breakthrough technology that will transform the tank
container industry – a perfect fit for Eurotainer’s vision and
commitment to provide innovative high purity and corrosive
chemical tank container equipment to its global customer base.”
The selection of Omni Tanker is in line with Eurotainer’s strategy to
be the global leader in specialised tank containers. The lessor
unveiled and introduce the new composite tanks at a customer
technical day event in Houston, Texas, USA.
In other news, Eurotainer announced that business growth in
China has driven a move to a larger office in Shanghai.
On 2 November last year, an opening ceremony took place to
celebrate the expanded office space in the lessor’s current building
with customers and partners from the Shanghai area who joined the
firm’s Chinese team to celebrate the event.
Innovation was a keyword for this move, as it was decided to
implement new concepts such as a green wall, plants and an air
purification system.
www.eurotainer.com
VTG up
V
TG’s tank container logistics division saw its revenue
increase by 6.7 percent to €124.9 million in the first nine
months of 2018.
Healthy capacity utilisation in Europe’s chemical industry in particular
pushed up the volume of transports. At the same time,
intercontinental traffic to and from Asia experienced pleasing
development, while traffic in North America decreased.
After nine months of the fiscal year, EBITDA of €5.1 million was
38.4 percent down on the previous year’s figure of €8.3 million. The
decline was attributable primarily to shifts in overseas transport flows,
which drove up costs by leaving equipment underused, raising
demurrage and adding to expenses for empty tank positioning.
In addition, bottlenecks in road haulage and in the rail infrastructure
in Europe also drove up demurrage and freight costs. To
accommodate these extra costs, accruals for transport costs for the
first nine months were increased by €3.4 million in the third quarter.
In the period under review, this caused the EBITDA margin to decline
by 7.7 percentage points to 29.3 percent.
Eurotainer’s Omni Tanker composite tank was
unveiled at a customer technical day in Houston