Asia continues to play a fundamental role in shaping global trade and energy markets, with the region experiencing significant economic and demographic growth in recent years.
South East Asia in particular is driving this growth story with flourishing GDP on the back of strong population growth coupled with growing transportation and industry demand for oil.
New regulations as well as emerging refining capacity in the region presents a wealth of opportunities for the tank storage sector.
The challenges and opportunities in Asia were debated in greater detail at the Tank Storage Asia conference in the Marina Bay Sands, Singapore.
Starting proceedings, Tankbank CEO Tony Quinn discussed some key developments impacting the industry and said that the market is at the bottom peak of the cycle but it will come back again.
He said: ‘The Asia Pacific region will always be the growth location – there is so much transition with people getting wealthier, more people are driving, and w...