Bert van der Toorn, managing director and head of natural resources for Asia Structured Finance at ING WholeSale Banking, will be speaking at the upcoming Tank Storage Asia expo & conference 2009.
He will be using his experiences to advise delegates on how to secure debt financing in todays uncertain climate.
Although the credit crunch and recession affects storage terminals, like any other industry, the market is proving resilient and one companys adversity often presents opportunity to many others.
Asia has experienced a rush of terminal acquisitions and expansions in the last few months.
Notably, PetroChina purchased a 45.5% stake in the Singapore Petroleum Company, Chevron Malaysia is building two storage tanks on the Malaysian peninsular, and PetroVietnam Oil has officially inaugurated Cu Lao Tao petrol and oil tanks in Vung Tau city, Ba Ria-Vung Tau province.
In addition, Singapore oil trader Hin Leong has announced plans to expand capacity in its Singapore storage terminal by 30% to 3 million m3 to cater to ever-increasing demand for storage.
Although the current financial situation does change the market landscape, longterm infrastructure is still required, so terminals need to know how to secure the necessary finance and investment.
Perhaps the biggest impact is the availability and cost of capital worldwide, so Toorn will go into detail on the pressures on lending as well as the syndicated loans market.
Tank Storage Asia expo & conference 2009, organised by market leading Tank Storage magazine, will be held in Singapore on 19-20th November.
Other speakers include Morimasa Ogawa, Auditor, Nippon Vopak, Japan, Katragadda Sharath Choudray, CEO, East India Petroleum, Matt Hildebrandt, Economist, JP Morgan, Bernadette Raymundo, Vice president of supply, quality control and product development, Seaoil Philippines, Ms Koesmoeryantati, President, PT. Bumi Asri Prima Pratama (BAPP), Wicha Chuichum, Vice president, Eastern Petroleum Terminal, PTT, Sukumar Narasimhan, Senior VP, Supply chain, Reliance Industries and many more.
With Singapore being one of the worlds leading refining and trading centres, as well as a major petrochemical hub, it is the perfect location to host this years premier tank terminal related conference and exhibition.
Building on the success of previous StocExpo events, Tank Storage Asia, will go one step further in 2009 by incorporating the very first Biofuels International Asia Expo & Conference so providing delegates and visitors even more reasons to attend.
For full details and to register visit:
www.tankstorageevents.com/tsasia
or contact Margaret Garn on 0044 208 687 4126, margaret@tankstoragemag.com
