''As we turn to the future of our new business, the arrival of this vessel into Marsden Pt is an important moment in our transition, marking the first time a ship of this size carrying already refined fuels has been able to make the journey to New Zealand.
"As the largest fuel import terminal in the country, we are the only location capable of receiving product tankers of this size, and our tankage capacity means we are well placed to store and distribute the fuels on board, to where our customers need it most."
The fuel aboard the STI LILY is enough to fill half a million cars, fuel 9000 flights between Auckland and Wellington, and keep 35,000 trucks on the road. It will fill nine of Channel Infrastructure's tanks, including five of its largest, and is sufficient to meet 11 days' worth of Auckland and Northland's demand.
"As noted when we made our recent presentation to investors, we are currently only utilising around 30 per cent of the available land, and tank capacity of our Marsden Pt site, so this gives you a sense of the underutilised capacity that we have to support New Zealand's fuel security requirements.
"We have 280 million litres of contracted storage underway already, and we could significantly add to this capacity through further tank conversions if it were needed.''
The STI LILY is due to berth at Marsden Pt overnight on Tuesday - subject to weather conditions.
