Harvest Energy Marine, a member of the Prax Group of companies, has announced that it has acquired the Total Zeebrugge Depot in Belgium, and will use the facility for the storage of bunker fuels.
Following the acquisition, the facility will be re-branded as Prax Terminals Belgium, with Harvest Energy Marine managing all bunkering and commercial operations performed at the terminal.
The terminal will enable the Prax Group to focus on its strategic plans to expand its presence in northwestern European coastal waters, the company said.
Sanjeev Kumar, CEO of the Prax Group, said: “I am delighted to announce the acquisition of the terminal in the port of Zeebrugge, which reflects our strategic objective to move into a new stage of accelerated investment, growth and development.
“This acquisition demonstrates our proactive approach to the ever-changing needs of our customers in the marine fuels environment and our commitment to build a robust and reliable supply chain to meet those needs. It is the natural evolution in our progression towards making Harvest Energy Marine a leading player in the global marine market.”
Geert Boden, general manager of Harvest Energy Marine, added: “As we continue to serve customers from right across the north west of the continent, it is imperative for us to maintain the strong brand reputation and high standards of safety, supply and service for which we are known.”
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