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Taiwan's FPCC to reboot Mailiao port operations on July 26

Taiwan oil significant Formosa Petrochemical Corp intends to restart operations at its port at the Mailiao refinery on July 26, after closing down ahead of Hurricane Gaemi's arrival, a company representative stated on Wednesday.

The port was shut on July 23 and is scheduled to be resumed at 0600 local time (2200 GMT) on July 26, company spokesperson K.Y. Lin stated.

Up to now, there is no influence on refinery operations, Lin stated, without elaborating on whether there would be subsequent shipping delays.

Gaemi, anticipated to be the greatest storm to hit Taiwan in eight years, is set to make landfall on the northeast coast late on Wednesday evening, weather authorities stated.

The loading and discharge of crude and products cargoes will likely be subject to between 3 and five days of delays, two sources acquainted with the matter said.

FPCC is a significant exporter of improved items in Asia and operates three crude systems with a total processing capacity of 540,000 barrels at Mailiao, which is in Yunlin county in western Taiwan.

(source: Reuters)