INDUSTRY BRIEFS

STATIA TERMINALS, Miami, opened its petroleum storage and marine terminal at Point Tupper, N.S., last month with arrival of the 45,000 dwt products tanker MV Fandango. The new terminal, designed for bulk tankers as large as 350,000 dwt, has capacity for 4 million bbl of light products and 3.6 million bbl of crude oil. Point Tupper Terminals Co., managed by Statia, is spending $50 million to refurbish former Gulf Oil refinery facilities at Point Tupper to revive tanker traffic in the deepest

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