The terminals currently make up 4% of its pre-tax earnings.

Following a review of its business, the company said it will also cut its maintenance and upgrade budget to EUR 700m ($958m) from EUR 800m until 2016.

And it plans to reduce operating costs by EUR 30m from 2016 through productivity and organisational efficiency.

Vopak expects pre-tax earnings to beat 2012's EUR 768m by 2016 at the latest.