It's a new year which means a new edition of Tank Storage Magazine is out now! This edition contains 7 storage operator interviews & articles on the EU green deal, promoting diversity in the workplace & how 2019 shaped markets #storage#energy https://t.co/ZlasMFHk9x
Meet the judges for the 2020 Awards! The Global Tank Storage Awards returns to Rotterdam on the 10th March 2020. This year the judging panel includes names from Vopak, Ineos & Stolthaven.
Find out about the Judges here: https://t.co/Wne45xgtuE
#StocExpo#TankStorageAwards
The first signs of the impact of the #Abqaiq attack on Saudi #oil exports: Aramco notified *at least four customers* that some crude deliveries in early October will be delayed (from a few days to weeks) | #SaudiArabia#OOTT with @Inajima17 and @cangsizhi https://t.co/WhrIzEU1cq
Forcadell: volume is important as it creates synergies and in Tarragona the chemical cluster brings volume and this brings opportunities and synergies #chemical#storage#energy#hubday
Josep Forcadell, Vopak Terquimsa: the east of Spain is the area with most potential because it has the most important chemical clusters I the region #vopak#storage#chemical#energy#hubday
Wright: the bunker market faces a multi-fuel future - marine gasoil, 0.5% fuel oil and 3.5% fuel oil. In the short term marine gasoil will be preferred but longer term it will be a more balanced market with no clear winner #storage#IMO#bunkerfuel#energy#hubday
Wright: 1,200 vessels will be equipped with scrubbers by 2020 which is well short of the 3,500 vessels the Delft study said there would be #storage#energy#IMO#scrubbers#hubday
Matt Wright, Argus Consulting: Q3 18 scrubber orders have significantly increased for vessels prepping for IMO 2020 as this is the deadline for when the vessels will be scrubber ready #IMO#storage#hubday#scrubbers
Maronneaud: there have been more problems on the Rhine in recent years and there is pressure for companies to find solutions -either changing production or changing logistics #storage#energy#Rhine#river#hubday
Maronneaud: the water levels on the Rhine have been a major issue in 2018 and the last 4-5 months the low levels have affected barge access and the whole supply chain #storage#Rhine#river#energy#hubday
Maronneaud: demand in Europe for chemicals is finally picking up and the drop in crude oil price has helped and Europe has performed better than other regions globally #storage#energy#chemical#hubday
Maronneaud: we see relatively healthy demand and stability in the chemical market and in the next 5 year's this continues even with alot of risk in the market #storage#energy#hubdy#chemicals
Olivier Maronneaud, IHS Markit: Europe is the 3rd largest chemical market globally however it's relative size is shrinking in terms of supply & demand #storage#energy#chemicals#hubday
Good morning from the Port of Tarragona's 2nd hub day. This morning's presentations focus on market trends and trade flows in the Mediterranean region...#storage#energy#hubday#Tarragona
Jar: however, established hubs like Singapore may lose market share to locations with surplus position in distillate and higher availability of VLSFO #storage#energy#OOTT#TSAsia
Jar: Singaapore's position in the bunker market is driven by its strategic location along trade routes and transshipment volumes driven by surplus voolumes and deficit volumes #energy#storage#IMO#OOTT#TSAsia
Jar: we expect a significant shift away from high sulphur fuel oil towards distillates and very low sulphur fuel oil in 2020 #energy#storage#IMO#OOTT#TSAsia
Konrad Jar, Wood Mackenzie: IMO - there is some level of disruption expected because this is a global sulphur cap, previously alot of specific changes were introduced on a country basis #storage#energy#OOTT#TSAsia