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Latest storage news


Terminal News
July 30, 2019
Prostar Capital completes NuStar St Eustatius acquisition
Prostar Capital has completed the acquisition of NuStar's oil storage terminal on the island of St. Eustatius in the Caribbean for $250 million.The facility is a complementary acquisition for Prostar's existing storage terminal portfolio, Global Terminal Investments, which also owns Fujairah Oil Terminal and GTI Fujairah, both in the UAE...

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Prostar Capital has completed the acquisition of NuStar's oil storage terminal on the island of St. Eustatius in the Caribbean for $250 million.

The facility is a complementary acquisition for Prostar's existing storage terminal portfolio, Global Terminal Investments, which also owns Fujairah Oil Terminal and GTI Fujairah, both in the UAE.

The St. Eustatius terminal has been rebranded as GTI Statia. It is located along major shipping lanes serving US crude import and export markets, as well as the regional markets for fuel oil and refined petroleum products in the Caribbean and Latin America. It comprises 2.3 million m3 of capacity spread across 60 commercia tanks along with extensive marine infrastructure that can accommodate fully-laden VLCC and ULCC vessels.

Steve Bickerton, senior managing director of Prostar, says: 'This transaction is consistent with Prostar's strategy of identifying assets that are strategically positioned to serve their customers, and where opportunities exist to de-risk the business's cash flows and grow shareholder value.

'Prostar actively looks to augment its portfolio companies through expansion capital, and we see several paths to do that with GTI Statia.

Dave Noakes, senior managing director of Prostar, adds: 'The acquisition of the GTI Statia terminal represents the third storage terminal investment for Prostar through our GTI platform and increases the underlying capacity of that business to more than 3.4 million m3 of storage. We will continue to build and diversify the platform through future acquisitions of terminals located in key global energy storage and trading hubs.'

'We are pleased that this sale allows us to re-deploy the sales proceeds to continue to lower our leverage and to fund growth projects in our core North American business, allowing us to focus our resources on building out core asset base, as well as continuing to strengthen our financial metrics to generate stable, consistent growth for our unitholders,' says Brad Barron, president and CEO of NuStar Energy.



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Terminal News
July 30, 2019
Klaipėdos Nafta submits tender for Cyprus LNG terminal
Klaipėdos Nafta has submitted a tender for the design, construction and operation of the Cyprus LNG import terminal.If successful, the company, which is partnering with a consortium of subcontractors, will provide long-term operation and maintenance services for the terminal...

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Klaipėdos Nafta has submitted a tender for the design, construction and operation of the Cyprus LNG import terminal.

If successful, the company, which is partnering with a consortium of subcontractors, will provide long-term operation and maintenance services for the terminal.

The facility will include a floating storage and regasification unit, a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure to secure supply of natural gas to the largest Vasilikos Power Plant in Cyprus. The project has been granted EU support accounting for more than €100 million. The total project budget is estimated at around €500 million.

Together with two other European subcontractors, KN is acting as major subcontractors to heavily support and contribute to the strength of the consortium consisting of Samsung C&T, Posco E&C, Mitsui O.S.K Lines and Osaka Gas. Consortium parties have vast experience in the design and development of LNG infrastructure, operate one of the largest LNG carrier fleets worldwide and supply FSRUs to the global market as well as operate numerous LNG terminals. If successful, KN will team up with Mitsui O.S.K Lines and Osaka Gas to operate and maintain the floating terminal for a period of up to 20 years.

Tadas Matulionis, KN's LNG business development director, says: 'KN possesses the most relevant experience of delivering and operating a very similar LNG import terminal in Klaipėda. Within the EU, Klaipėda LNG terminal is the most recent FSRU project, meeting high quality and efficiency standards. If selected, KN would become the largest operator of floating LNG terminals in Europe, offering further benefits of operational excellence to our clients.'

The winners of the tender will be selected later in 2019, with the terminal expected to start operations in 2021.



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Terminal News
July 29, 2019
First phase of Jurong Port Tank Terminal opens
The first phase of Jurong Port Tank Terminals has officially opened, with all capacity in the first phase being fully leased to PetroChina.The first phase of the $200 million clean petroleum products terminal, a joint venture between Jurong Port and Oiltanking, comprises 252,000 m3 of clean storage and petrochemicals capacity...

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The first phase of Jurong Port Tank Terminals has officially opened, with all capacity in the first phase being fully leased to PetroChina.

The first phase of the $200 million clean petroleum products terminal, a joint venture between Jurong Port and Oiltanking, comprises 252,000 m3 of clean storage and petrochemicals capacity.

The terminal, which started partial operations in April 2019, is expected to handle seven million tonnes of clean petroleum products a year.

Speaking at the opening ceremony of the facility, Chee Hong Tat, senior minister of start for trade and industry, said that the facility includes features such as dedicated clean storage capacity as well as dedicated tank inlet and outlet lines to prevent contamination.

Additionally, the facility also has a direct pipeline to Jurong Island's petroleum and petrochemical network, which allows firms to benefit from up to 30% savings in transportation and handling costs compared to using vessels.

The second phase of the facility will add another 310,000 m3 of clean petroleum storage, bringing total capacity at the facility to 562,000 m3.

Jurong Port CEO Ooi Boon How saus that the port is in deep discussions regarding the second phase of the project.



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Terminal News
July 26, 2019
Transnet & IFC progress LNG storage terminal project
Transnet and IFC, a member of the World Bank Group, have signed a cost-sharing agreement for the development of a LNG storage and regasification terminal at the Port of Richards Bay.The agreement also covers the re-purposing of Transnet pipelines for natural gas transmission to inland markets...

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Transnet and IFC, a member of the World Bank Group, have signed a cost-sharing agreement for the development of a LNG storage and regasification terminal at the Port of Richards Bay.

The agreement also covers the re-purposing of Transnet pipelines for natural gas transmission to inland markets. Transnet has identified significant industrial demand for natural gas and opportunities to leverage its ports, pipelines and rail assets to facilitate private investment in gas infrastructure in South Africa.

This initiative will unlock a backbone of the country's natural gas network infrastructure to serve existing and growing gas markets, consisting largely of industrial and commercial off-takers located in KwaZulu-Natal, Mpumalanga, Free State and Gauteng provinces. The Richards Bay Nautral Gas Network project will complement the delivery of LNG to new markets in the Eastern Cape and Western Cape provinces through the ports of Ngqura and Saldanha Bay and will support the government's future gas-to-power projects.

The NGN project incorporates the LNG storage and regasification terminal in the Port of Richards Bay, plans for the re-purposing of Transnet's Lily Pipeline and Durban-Johnannesburg Pipeline for the transmission of natural gas, and the establishment of virtual pipelines for LNG to be transported to various markets by road and rail.

IFC has committed $2 million as part of the cost sharing agreement.

The terminal will be developed by private investors that will be selected through a competitive process to own a majority stake in a planned special purpose vehicle. The project is expected to be operational by 2024.

The expansion of South Africa's natural gas network will help modernise the energy usage in the region and increase access to natural gas for end consumers.



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Terminal News
July 25, 2019
Total to develop Benin LNG floating terminal
Total, the Republic of Benin and Société Béninoise d'Energie Electrique have signed agreements to develop a LNG import floating terminal offshore of Benin.The agreements also cover the supply of up to 0.5 million tonnes per annum of regasified LNG from Total's global portfolio to Benin for 15 years, starting in 2021...

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Total, the Republic of Benin and Société Béninoise d'Energie Electrique have signed agreements to develop a LNG import floating terminal offshore of Benin.

The agreements also cover the supply of up to 0.5 million tonnes per annum of regasified LNG from Total's global portfolio to Benin for 15 years, starting in 2021.

Total will develop and operate the regasification infrastructure that will comprise a floating storage and re-gasification unit located offshore Benin and an offshore pipeline connection to the existing and planned power plants in Maria Gléta.

Laurent Vivier, senior vice president gas at Total, says: 'This project is in line with Total's strategy to develop new gas markets by unlocking access to LNG for fast-growing economies. We are very pleased to have been entrusted by the Benin authorities to develop LNG imports and support a broad adoption of natural gas in the country.

'Access to LNG will help Benin to meet growing domestic energy demand and add more natural gas to the country's current energy mix, hence reducing its carbon intensity.'

Dona Jean-Claude Houssou, minister of energy of Benin, says that the new 127 MV power station at Maria Gléta, with imported liquefied natural gas, on preferential terms and will position Benin as the crossroads for gas and electricity in the subregion.



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Terminal News
July 25, 2019
Fujairah: Oil product stocks up 1.6%
As of Monday, July 22 total oil product stocks in Fujairah stood at 19.379 million barrels, adding 307,000 barrels week on week. Overall product stocks rose by 1.6% with a large build in heavy distillate stocks and smaller draws in light and middle distillate stocks...

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As of Monday, July 22 total oil product stocks in Fujairah stood at 19.379 million barrels, adding 307,000 barrels week on week. Overall product stocks rose by 1.6% with a large build in heavy distillate stocks and smaller draws in light and middle distillate stocks.

Stocks of light distillates fell by 675,000 barrels reflecting a draw of 8.3% week on week. Total volumes stood at 7.483 million barrels. Gasoline markets in both the East and West eased as disruptions from Hurricane Barry to US Gulf Coast refining proved to be less than feared. The FOB Singapore 92 RON gasoline crack against front month ICE Brent crude futures fell to a three-week low of $5.52/b yesterday, S&P Global Platts data showed. However, premiums for Arab Gulf gasoline continued to rise amid news that the RFCC unit at Abu Dhabi's Ruwais Refinery West is to undergo maintenance and is currently offline, according to a ADNOC spokesman.

Stocks of middle distillates fell by 9.2%, subtracting 213,000 barrels to stand at 2.101 million barrels at the start of the week. Middle distillate sentiment remained positive in the East of Suez. Summer travel demand in Europe continued to bolster sentiment in the jet fuel market, while gasoil supply has so far proved less than expected. Traders also noted the ongoing tensions along the Strait of Hormuz could constrain the flow of product out of the Arab Gulf, with a knock-on effect on India and the rest of Asia. 'Even if there are no disruptions, there will be an impact, insurance for vessels loading jet in the [Arab] Gulf will be higher. Indian cargoes should all be going West,' said a Singapore-based trader.

Stocks of heavy distillates rebounded by 13.9%, building by 1.195 million barrels on the week to stand at 9.795 million barrels. Stocks fell to a four-month low last week, but bounced back to close to previous level. Bunker demand in Fujairah is holding up despite recent security concerns. Some ships are opting to bunker in Singapore instead, but lower prices have helped to keep Fujairah supported. 'Demand has been more due to high bunker premiums in Singapore and tightness there, but the war risk premiums are still taking a hit on things here,' said a Fujairah bunker supplier. The spread between 380 CST delivered bunker in Singapore and Fujairah was assessed at $15.75/mt yesterday, compared to over $30/mt a week ago.



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Terminal News
July 24, 2019
FERC creates new division amid surge in LNG terminal applications
The US Federal Energy Regulatory Commission has created a new division to accommodate the increasing number of new LNG export terminal applications.The new division, LNG facility review and inspection, will sit in its Office of Energy Projects and will comprise 20 existing LNG staff members and eight additional full-time staffers and will be based in Houston...

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The US Federal Energy Regulatory Commission has created a new division to accommodate the increasing number of new LNG export terminal applications.

The new division, LNG facility review and inspection, will sit in its Office of Energy Projects and will comprise 20 existing LNG staff members and eight additional full-time staffers and will be based in Houston.

FERC chairman Neil Chatterjee says: 'As the demand for US LNG and the number and complexity of project applications has grown, the commission has experienced a similar growth in the need for FERC to expand its oversight in this programme area.

'Much of the work related to these LNG projects, and the expertise it requires, is based in and around Houston, the so-called 'Energy Capital of the World'. For that reason, after careful research and evaluation, the commission has determined we should direct our newest efforts to recruiting staff in the area to build upon the good work already being done on these issues at our D.C. headquarters.

The creations of DLNG and expansion in Houston will help prepare FERC for the additional work necessary once LNG project applicants make final investment decisions and move toward construction.



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Terminal News
July 24, 2019
Gazprom brings new fuel terminal into operation
Gazprom has brought its new Gladkoye fuel terminal into production, the first to be built under the company's new terminal infrastructure development strategy.The facility in the Tosnensky District of the Leningrad Oblast, is unique in terms of its technological equipment and management processes...

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Gazprom has brought its new Gladkoye fuel terminal into production, the first to be built under the company's new terminal infrastructure development strategy.

The facility in the Tosnensky District of the Leningrad Oblast, is unique in terms of its technological equipment and management processes.

The terminal is the only fuel terminal in Russia equipped with metering facilities that allow oil products' volumes and metrics to be controlled automatically on receipt from rail tank cars and onward shipping by road, with all data on fuel transportation and movement being processed and transmitted through the Gazprom Neft Neftekontrol system online.

A digital twin of the terminal contains all information on the project since the start of its construction, allowing virtual access for the facility's management.

The facility can handle the transshipment of up to one million tonnes of oil products every year, with its terminal offering storage capacity for up to 40,000 m3 at any one time. Cutting-edge environmental protection strategies have been implemented at Gladkoye, including a vapour recovery system and treatment facilities.

All of the company's target terminals will be upgraded based on the Gladkoye model by 2025. Following the completion of its extensive terminal reconstruction programme, transshipment volumes through its own network are expected to increase by more than 20%, with average transshipment volumes per terminal increasing by 58%.

Alexander Dyukov, CEO and chairman of the management board at Gazprom Neft, says: 'This new terminal will become a major facility within Gazprom Neft's logistics system, ensuring stable supplies of high-quality oil products to the compnay's own filling stations, as well as to our clients throughout the north-west region. The innovative technologies used in building the Gladkoye terminal will be rolled out in modernising our terminals network, which we will be carrying out until 2025.'



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Terminal News
July 23, 2019
BP enters JV to create bioenergy powerhouse
BP and US agri-commodities company Bunge have formed a joint venture to create a biofuels powerhouse in Brazil.BP Bunge Bioenergia will have 11 biofuels sites and the production capacity of 32 million metric tonnes of sugarcane a year, making it the second largest plater in the surgarcane ethanol biofuel industry in Brazil...

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BP and US agri-commodities company Bunge have formed a joint venture to create a biofuels powerhouse in Brazil.

BP Bunge Bioenergia will have 11 biofuels sites and the production capacity of 32 million metric tonnes of sugarcane a year, making it the second largest plater in the surgarcane ethanol biofuel industry in Brazil.

The move positions the new company for growth in both biofuels and biopower.

Bob Dudley, group chief executive, says: 'This is another large-scale example of BP's commitment to play a leading role in a rapid transition to a low carbon future. Biofuels will be an essential part of delivering the energy transition and Brazil is leading the way in showing how they can be used at scale, reducing emissions from transport. This combination will unlock new possibilities for improved efficiency and future growth in this key market.'

Dev Sanyal, chief executive of BP Alternative Energy, adds: 'In one step, this will allow BP to significantly grow the scale of our business in one of the world's major growth biofuels markets. With a shared commitment to safety and sustainability, bringing together our assets and expertise will allow us to improve performance, develop options for growth and generate real value. BP Bunge Bioenergia will be well-placed to support Brazil's increasing demand for both low carbon biofuels and biopower.'

The deal will grow BP's existing biofuels business by more than 50% and better positions the business in a country already geared up for biofuels, with 70% of vehicles capable of running on ethanol.

New rules in Brazil coming into force in 2020 mandate additional sales, encourage market growth and support further development of the sugarcane ethanol industry.



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Terminal News
July 23, 2019
Construction work starts on Kinder Morgan expansion project
Material permits have been secured and building work has started on Kinder Morgan Canada's Vancouver Wharves terminal distillate storage expansion project.The C$43 million capital project in North Vancouver, British Columbia, comprises the construction of two new distillate tanks with a combined storage capacity of 200,000 barrels as well as enhancements to the railcar unloading capabilities...

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Material permits have been secured and building work has started on Kinder Morgan Canada's Vancouver Wharves terminal distillate storage expansion project.

The C$43 million capital project in North Vancouver, British Columbia, comprises the construction of two new distillate tanks with a combined storage capacity of 200,000 barrels as well as enhancements to the railcar unloading capabilities.

It is supported by a 20-year initial term, take-or-pay contract with an affiliate of a large, international integrated energy company.

The project is expected to be placed in service in late first quarter of 2021.

In the company's second quarter financials, Kinder Morgan's terminal segment earning were up due to an impairment taken in the second quarter of 2018. Segment earnings before this were down.

Kinder Morgan president Kim Dang says: 'In the liquids business, which accounts for nearly 80% of the segment total, increased contributions from expansion projects placed in service and higher throughput and ancillary contributions were more than offset by reduced volumes as well as off-hire times on its Jones Act tankers caused by Mississippi River closures due to historically high water levels, along with tank lease costs at the Edmonton South Terminal, paid pursuant to a lease agreement with Trans Mountain that become a third-party arrangement due to our sale of Tans Mountain.'

CEO Steve Kean adds: 'These are exciting times for Kinder Morgan, with booming US natural gas and oil production projects to grow more than 30% through 2030. Our North American footprint positions us extremely well in both the near and long term as a leading infrastructure provider for those and other essential energy products.'



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Terminal News
July 22, 2019
Iran seizes British-flagged tanker
Shipping tensions in the Middle East Gulf have ramped up after the Iranian Revolutionary Guard Corps seized a British-flagged vessel in the Strait of Hormuz.The IRG boarded MR2 product tanker Stena Impero on Friday, July 20 first claiming it had been involved in an accident...

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Shipping tensions in the Middle East Gulf have ramped up after the Iranian Revolutionary Guard Corps seized a British-flagged vessel in the Strait of Hormuz.

The IRG boarded MR2 product tanker Stena Impero on Friday, July 20 first claiming it had been involved in an accident. But subsequent reports have emerged claiming the group said that tanker 'failed to respect international maritime rules'.

On Friday, July 19 Stena Bulk and Northern Marine Management confirmed that the vessel was approached by unidentified small crafts and a helicopter during transit of the Strait of Hormuz while the vessel was in international waters. Shortly after the vessels suddenly deviated from her passage to Jubail and headed north towards Iran.

The company says that the vessel was in full compliance with all navigation and international regulations.

The 23 seafarers onboard, of Indian, Russian, Latvian and Filipino nationality, have been reported as being in 'good health'.

On Wednesday, June 24 Erik Hanell, president and CEO of Stena Bulk confirmed that the company have had direct communication with the crew and that everyone was safe with good cooperation with the Iranian personnel onboard.

Hanell says: 'We do of course appreciate this step of development and that this is a first sign that we will soon see more positive progress from the Iranian authorities.'

On Sunday, July 21, president and chief executive of Stena Bulk Erik Hanell confirmed that a formal request for permission to visit the 23 crew members of the vessel has been made to the authorities at the Port of Bandar Abbas.

'The request has been acknowledged, but we await a formal response. In the meantime, we will continue to co-operate and liaise with all appropriate authorities.'

UK Prime Minister Theresa May will chair a Cobra emergency committee meeting today (Monday, July 22) to formulate a response, which could result in sanctions being issued.

The Iranian Guardian Council said the seizure was in response to Britain seizing an Iranian tanker - Grace 1 - in Gibraltar.

The move further escalates tensions in the Middle Eat Gulf following the imposition of tighter US sanctions against Iran in May.



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Terminal News
July 18, 2019
FERC approves Kinder Morgan’s Gulf LNG project
The Federal Energy Regulatory Commission has given the green light to Kinder Morgan's Gulf LNG export project in Jackson County, Mississippi.The approval is for the construction and operation of facilities for the export of LNG at the existing import terminal operated by Kinder Morgan...

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The Federal Energy Regulatory Commission has given the green light to Kinder Morgan's Gulf LNG export project in Jackson County, Mississippi.

The approval is for the construction and operation of facilities for the export of LNG at the existing import terminal operated by Kinder Morgan.

The Gulf LNG site was originally developed as an LNG import terminal in 2009 but following record sale gas production, the company sought permission to redevelop part of the site as an export terminal.

The project will add 11.5 million metric tonnes of new capacity to the facility and includes two liquefaction plants. Additionally, the existing Gulf LNG Pipeline will be modified to allow for bidirectional flow.



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Terminal News
July 18, 2019
Fujairah: Oil product stocks decline by 1.5%
As of Monday, July 15 total oil product stocks in Fujairah stood at 19.067 million barrels falling 290,000 barrels week on week. Overall product stocks fell by 1.5% with a drawdown in heavy distillate stocks and builds in light and middle distillate stocks...

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As of Monday, July 15 total oil product stocks in Fujairah stood at 19.067 million barrels falling 290,000 barrels week on week. Overall product stocks fell by 1.5% with a drawdown in heavy distillate stocks and builds in light and middle distillate stocks.

Stocks of light distillates rose by 836,000 barrels reflecting a build of 11.4% week on week. Total volumes stood at 8.153 million barrels. Gasoline in both the East and West of Suez markets was finding support from strength in the US gasoline market which had risen sharply following Hurricane Barry making landfall in the US Gulf Coast. The 92 RON gasoline crack in Singapore against ICE Brent futures stood at $7.32/b on Tuesday, reflecting a rise of $1.05/b week on week.

Stocks of middle distillates rose by 6.4% adding 139,000 barrels to stand at 2.314 million barrels at the start of the week. East of Suez was seeing a mixed outlook for gasoil fundamentals with support seen from increased demand across South East Asia owing to run-cuts at refiners, while demand from China and India has remained lackluster.

Stocks of heavy distillates fell 12.8%, drawing down 1.265 million barrels on the week to stand at 8.6 million barrels, falling back to levels last seen around mid-March this year. A widening of the price spread between Singapore and Fujairah delivered bunker markets was leading to an uptick in demand at the Middle Eastern port. Singapore's bunker premium to Fujairah rallied to a $37/mt premium last Wednesday before narrowing slightly to stand at $34/mt on Tuesday. Fujairah 380 CST delivered bunkers were assessed at $418/mt Tuesday with Singapore 380 CST delivered bunkers assessed at $452/mt.



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Terminal News
July 17, 2019
Vopak Vlaardingen installs solar panels on tank roofs
Vopak Vlaardingen has installed flexible, thin and lightweights solar powerfoil solar panels on the roof of one of its storage tanks.The company is currently testing the solar powerfoil, along with insulation, to see how it can utilise different forms of renewable energy...

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Vopak Vlaardingen has installed flexible, thin and lightweights solar powerfoil solar panels on the roof of one of its storage tanks.

The company is currently testing the solar powerfoil, along with insulation, to see how it can utilise different forms of renewable energy.

If the test is successful, the storage operator plans to fit the solar film to other tank roofs and walls at the facility which mainly stores edible oils.

Ard Huisman, managing director of Vopak Vlaardingen, says: 'Large amounts of energy are needed to store and pump these products, because many edible oils are prone to congealing in our climate.

'As well as insulation, this solar powerfoil is one of the measures we are currently testing to see how we can further reduce our CO2 footprint.'

According to Michel Bresser, area manager and solar manager at the Port of Rotterdam Authority, an increasing number of companies are installing solar panels on roofs. 'Renewable energy such as wind and solar power is crucial in making the port more sustainable. That's why we think it is important that companies use solar power where possible.'



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Terminal News
July 17, 2019
HES Hartel Tank Terminal project takes shape
Picture credit: Paul Martens
Construction work at HES Hartel Tank Terminal is taking shape with the first building cranes in place for the construction of 54 tanks.In total there will be 22 building cranes for the construction of the tanks. Additionally, opposite this, preparations are underway at the BP terminal for 1km underground pipelines, which will connect both terminals once work is complete...

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Picture credit: Paul Martens

Construction work at HES Hartel Tank Terminal is taking shape with the first building cranes in place for the construction of 54 tanks.

In total there will be 22 building cranes for the construction of the tanks. Additionally, opposite this, preparations are underway at the BP terminal for 1km underground pipelines, which will connect both terminals once work is complete.

Work is also on schedule for the construction of the quay walls.

The terminal, located on Hartelstrook, on the south side of the Mississippihaven on the Maasvlakte, will store oil products and biofuels, with a capacity of 1.3 million m3.



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Terminal News
July 17, 2019
Tank Storage Asia conference programme revealed
Vopak, Stolthaven Terminals, Oiltanking Asia Pacific & Sembcorp Solar will be part of Tank Storage Asia's 2019 conference programme. Organised by Tank Storage Magazine, the two-day CPD-certified conference programme at Singapore's Marina Bay Sands Expo & Convention Centre will feature 20 speakers presenting and debating the biggest trends and challenges shaping Asia's bulk liquid storage industry, including safety, sustainability and technology...

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Vopak, Stolthaven Terminals, Oiltanking Asia Pacific & Sembcorp Solar will be part of Tank Storage Asia's 2019 conference programme.

Organised by Tank Storage Magazine, the two-day CPD-certified conference programme at Singapore's Marina Bay Sands Expo & Convention Centre will feature 20 speakers presenting and debating the biggest trends and challenges shaping Asia's bulk liquid storage industry, including safety, sustainability and technology.

On day one, Mark Stuart from the Anagram Group, an internationally sought-after speaker and trainer specialising in the future of leadership and innovation, will open with his keynote: 'Leadership in a Digital Age'. The presentation will explain why organisations need to evolve in a world of change and disruption, give details of how leading companies are preparing for the future of work, and provide a four-step framework to help business leaders prepare for the digital age.

Paul Hickin, associate director at Platts, will then speak about global supply and demand balances, including OPEC and US shale, changes in oil, and market dynamics and structures.

In the afternoon, Edwin Ebrahimi, innovation engagement leader at Vopak, will discuss the company's own digital transformation journey through the implementation of smart terminals. This includes recent developments in digital asset management, the use of drones for tank and jetty inspections, plus the use of smart sensors in condition marketing.

Chok Vui Shung, general manager at Stolthaven Terminals, will share his thoughts on energy efficiency within the tank terminal industry and explain how Stolthaven Terminals has improved its sustainability credentials by converting to solar as its source of energy.

Lai Siang Yeong, assets and operations manager at Oiltanking Asia Pacific, will give details on how the organisation has become compliant with Singapore's Safety Case Regime. This includes how the organisation, one of the world's largest independent operators of tank terminals, overcame challenges, involving both internal and external stakeholders, to change its organisational structure and the mindset of its employees.

Day two begins with an informative presentation on IMO2020, hosted by Sushant Gupta, director Asia-Pacific refining, at Wood Mackenzie. The changes in demand for high sulphur fuel oil and low sulphur fuel oil, and what this means for storage opportunities in Asia, will be reviewed. The session will also analyse existing trade flows for refined products and crude oil.

The next two presentations will look ahead to the future of Asia's bulk liquid storage industry. Harshit Sharma, oil & gas Expert at Lux Research, will examine the role of hydrogen in a decarbonised future. A session on big data and artificial intelligence, detailing how it can be used to reduce tanker waiting times and enhance terminal utilisation, will then be delivered by both Mark Lim, commercial manager at Stolthaven Terminals, and Chye Poh Chua, CEO at ShipsFocus.

In the afternoon, Sridhar Ramamurthy, downstream advisor and freelance consultant on petroleum and petrochemical industry matters, will use insights gathered over 38 years in the petroleum industry to discuss the challenges and opportunities in setting up petroleum products storage terminals in India.

Ian Travers, director at Process Safety Consultancy, will focus on risk and vulnerability in high hazard industries for his presentation. He will discuss process safety management, in particular where failure of containment is most likely to occur, as well as preventative and mitigation measures. The presentation will help management teams and operators identify which areas of control of risk within their facilities should receive the greatest attention to ensure risks are being effectively managed.

The conference will also give delegates the opportunity to speak with like-minded decision makers, thought leaders and global innovators, with several networking sessions interspersed throughout. This includes a networking reception hosted in the delegate lounge from 5pm on day one of the show.

Attendees of Tank Storage Asia 2019 will also have plenty of opportunities to visit the exhibition where leading companies from across the world will be showing their latest products and services. In addition, the Innovation Zone will host the industry's most innovative companies and afford visitors the opportunity to get amongst the latest trends.

Mark Rimmer, Tank Storage portfolio divisional director, concludes: 'We are lucky enough to have the world's leading minds in the tank storage industry joining us to share their experiences and knowledge as part of the event's conference programme. It will be a place where top industry leaders can discuss how to resolve challenges, both within their own businesses and in the wider industry, by sharing valuable information that will shape the future of Asia's bulk liquid storage industry.'

Tank Storage Asia takes place on September 25 & 26 at the Marina Bay Sands Expo & Convention Centre in Singapore. Visitors booking before the 15th August will receive a special early bird rate. For more information on the exhibition and conference visit www.tankstorageasia.com.



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