INDUSTRY BRIEFS

INTERCONTINENTAL TERMINALS CO. completed its purchase of Farmland Industries Inc.'s deepwater export site on the Houston Ship Channel. The terminal includes two tanker berths, 87 acres, and more than 25,000 ft of railway. ITC will integrate the site with its adjacent 6 million bbl storage and distribution terminal. The purchase gives ITC five deepwater berths capable of handling the biggest tanker the channel can accommodate.

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