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Navios Maritime Acquisition Corporation Message Board

  • keebon keebon Jan 17, 2013 8:53 PM Flag

    News tidbit on Gulf Coast export

    From Wells Fargo......
    Tankers: Kinder Morgan Investing $170MM To Expand Houston
    Tanker Terminal. On January 14, Kinder Morgan Energy Partners (KMP, Not
    Rated) announced that it would invest $170MM to expand its Houston Tanker
    terminal network. The project includes the purchase of 42 acres, a new ship dock,
    and 1.2M barrels of liquid storage, which Kinder Morgan expects to provide
    additional export capacity (up to 12 vessels per month). Increasing U.S.
    production has provided greater scope for product exports, which we expect to
    continue to contribute to a gradual recovery in the product tanker segment.

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