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    Oystercatcher
    Singapore

    Transport & logistics

    Overview

    Oystercatcher is the holding company through which the Company holds a 45% interest in Advario Singapore Limited (previously Oiltanking Singapore Limited).

    Advario Singapore is a 1.3 million cubic metre facility focused on storage and blending of refined clear petroleum products for a range of blue chip customers. With a premier location, on Jurong Island, it is accessed by pipeline, sea going vessel and barge.

    Oiltanking is one of the world’s leading independent storage partners for oils, chemicals and gases, operating 41 terminals in 18 countries with a total storage capacity of 16 million cubic metres.

    Recent developments

    Oystercatcher’s 45% owned terminal Advario Singapore delivered a strong performance for the year. Although the oil products market remained in backwardation, demand for storage in Singapore and the broader region remained strong and provided a favourable backdrop for Advario Singapore’s commercial discussions, which resulted in rate increases as contracts were renewed. Advario Singapore has also seen an increase in customer activity, leading to high blending and throughput volumes. Advario Singapore continues to be the leading gasoline storage and blending facility in Singapore, as well as in the wider region.

    The company, which secured its first sustainable aviation fuel (‘SAF’) storage and blending customer in 2023, is working with its customers to identify opportunities to support them in their ambitions around renewable fuels.

    In February 2025, Oystercatcher raised Singapore Dollar denominated holdco debt. This funded a £96 million distribution from Oystercatcher to 3iN. This was in addition to a further £12 million distribution from cash generated by the company.

    Sustainability

    Advario Singapore has recently converted storage facilities to enable sustainable aviation fuel (‘SAF’) storage, and supported its first SAF storage customer. This has provided the business with a first mover advantage in the SAF storage market in the region, and Advario Singapore is well placed to capture additional SAF storage demand in the future, as the market evolves.

    Key facts
    1.3 million cubic metre facility
    45% ownership
    Deal team
    Aaron Church
    Partner
    UK / Infrastructure
    Anna Dellis
    Partner
    UK
    Oliver Müllem
    Director
    Germany / Infrastructure
    Markus Abeler
    Associate
    UK / Infrastructure