Consolidation and purchases characterise US storage
1 January 2001
If you have trouble sleeping at night, do not bother to count sheep. Just watch the fluctuations in the independent refined petroleum products terminaling business. In short, there are none. Things change so slowly in this industry that you are likely to nod off waiting for something to happen, writes Anne Feltus.
Regional variations mean feast or famine
1 July 2000
Ask terminal operators around the country how their business is doing, and you’ll get an assortment of answers. Those that have throughput terminals on the Gulf or West Coast will probably have positive things to say, while operators that have storage tanks in some other regions won’t paint such a rosy picture.
Corporate upheavals expected in wake of the mega-merger
1 January 2000
Vopak – the merged Pakhoed and Van Ommeren – became a reality in November 1999, prompting the largest corporate shake-up in worldwide independent storage.
The Singapore train rushes on
1 January 2000
ANALYSING Singapore’s independent oil storage business – and its refining, supply and trading businesses – has, for some years now, been an exercise in trying to explain the unexpected. For a while, “booming consumption in Asia” was a useful explanation for continuing good business, despite the growth of refining and storage capacity in “the regions”, as Singaporeans refer to Asia’s developing consumption centres
Western Europe busy
1 January 2000
INDEPENDENT storage operators at the big “gateway” ports serving continental Europe had a healthy year in 1998, and continuing good conditions characterised much of 1999. But it seems that the trends behind the strong demand have changed, leading some to doubt whether 2000 will be equally satisfactory.
A strategy for oil
1 January 2000
In June 1997, Hungary became the first central European country to join the International Energy Agency (IEA). One month later, after years of mutual observation and cautious dialogue, the European Commission recommended the opening of formal negotiations with Poland, Hungary, the Czech Republic, Slovenia and Estonia, with a view to accession of these countries to the European Union (EU). Entry to the EU requires candidates to make their legislation compatible with EU standards and rules, as well as achieving convergence on monetary, economic, military and environmental policies. It represents a huge effort and needs careful planning, writes Marc Partridge, head of oil and gas project finance, Crédit Lyonnais.
It’s good to be in storage, once again
1 January 1999
In a business that suffers from over capacity, an upturn in short-term storage rates took operators of independent storage by surprise