Features
ON 27 May 2020, Tank Storage Magazine began a new venture – online professional seminars from industry experts. The first one, entitled ‘Accelerate the Future of Your Terminal, Today’, was given by John Colpo, Principal Analyst, Oil and Gas, at Honeywell. ‘We partnered with Tank Storage Magazine to help us maximise our reach with terminal operators around the globe – they covered all…
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THE PORT of Singapore is a major global hub port, connected to 600 ports in more than 120 countries. At any one time, there are over 1,000 ships at the port and more than 130,000 ships visit annually. It is also the world’s largest bunkering port by volume, with more than 47 million tonnes of fuel sold in 2019.
On 1 January 2020, new regulations from the International Maritime Organization…
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FOR obvious reasons, 2020 is not a year any of us will ever forget. At the time of writing, however, there were reminders of what life was like before a tiny virus turned our world upside down: across Europe, bars and hairdressers re-opened and holiday makers crowded to beaches. Across the Asia Pacific region, recovery was underway in those countries that acted quickly to contain COVID-19. Oil…
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IN 2017, Tank Storage Magazine reported on the start of work on a 3,485 acre (1,410 ha) man-made island off the south-western coast of Johor in Malaysia, that had been created by Malaysia’s largest publicly listed marine construction company Benalec, to offer an alternative location for oil and gas storage
The first 100-acre land of the Tanjung Piai Maritime Industrial Park (TPMIP) is now…
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Kpler’s Alex Booth looks at how the global crude crisis in 2020 came about, how it affected storage and the direction of the trends now.
THE BUILD-UP TO THE GLOBAL CRUDE OVERHANG – A PRICE WAR COMPOUNDED BY COVID-19
The build-up to the global crude crisis started long before COVID-19 decimated demand. OPEC+ had been cutting output since 2016 to try and limit the slide in oil prices brought…
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Some of the most successful organisations in the world are made up of the most diverse teams. This webinar features Ollie Folayan, Chair of the Association for BME Engineers, who will provide an update on why Diversity and Inclusion is so important & strategies that can be implemented within the tank storage sector.
Folayan has been involved with a number of successful community initiatives…
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Wibax CEO Jonas Wiklund explains the company’s acquisition of Baltic Tank and looks to the future of the business.
Swedish chemical supplier and trader Wibax grabbed headlines recently when it bought Baltic Tank, a chemical terminals operator in neighbouring Finland.
Prior to the acquisition of Baltic Tank, Wibax already had nine terminals in Sweden and another in Finland, with a total…
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Peter Lidiak, vice president of regulatory affairs, International Liquid Terminals Association (ILTA), looks at the latest US standards.
[caption id="attachment_21629" align="alignleft" width="194"] Peter Lidiak, Peter Lidiak, ILTA vice president of regulatory affairs[/caption]
Security and safety are two core values of bulk liquid terminal operators. As part of the critical infrastructure…
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In the second of the new professional webinar series, held on 18th June 2020, Tank Storage Magazine spoke to three experts to find out how the global oil storage market has been affected by the current COVID-19 pandemic and what might happen next.
The webinar, entitled ‘How COVID-19 & the plummeting oil price has impacted the global storage market’, was moderated by Patrick Kulsen,…
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With the pressure on for more storage capacity around the world, Moda Midstream has space to expand. However, as its CEO Bo McCall reveals, growth plans must be flexible as well as prudent.
LIQUID terminal provider Moda Midstream completed its 10 millionbarrel crude oil expansion in April, adding 495,000-barrels of tankage at its facility at Moda Ingleside Energy Center (MIEC) in Texas,…
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With dramatic demand drops amid worldwide COVID-19 quarantines, everyone’s talking about storage. Paul Wiseman takes a close look at the impact it’s having on the US market.
USUALLY the rest of the world, including the oil and gas upstream sector, takes tank storage for granted. It is just a stop for petroleum and refined products on the way to buses, cars or boats.
But with COVID-19…
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Oil analytics firm Vortexa shares its insights on the rapid expansion of global floating storage across the oil complex, and how oil flows are being reshaped in unexpected ways in the wake of the COVID-19 pandemic.
GLOBAL markets in the first half of 2020 are oversupplied with oil products at levels not previously experienced by the industry. Transportation restrictions have forced refiners to…
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This year’s Global Tank Storage Awards was one of the last events before coronavirus restrictions came into force across the globe. Find out more about why this years winners deserved to be recognised for their achievements in safety, sustainability and innovation.
DESPITE the challenging circumstances nearly 200 attendees gathered at Rotterdam’s Floating Pavilion on the 10th of March for…
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COVID-19 has seen a dramatic fall in fuel demand as fewer planes take to the skies and drivers keep their cars off the road.
This knock-on effect has meant fuel storage tanks around the world are rapidly reaching capacity and has led to producers scrambling for places to store their excess production.
Oil companies have been searching for alternative ways to store crude as traditional storage…
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WITH hurricane season approaching, now is the time to develop a hurricane preparedness plan (HPP) to ensure the durability and functionality of exposed storage tank terminals. Developed by engineers, HPPs set forth specific action items designed to help storage tanks withstand the impacts of varying categories of hurricanes. Heavy rainfall and inland flooding, tornadoes, storm surge, tidal…
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What it takes to implement corrosion prediction of tank bottoms.
INDUSTRY tank standards set limits on how long flat bottom tanks may be operated before being internally inspected [sidebar 1] based on tank bottom corrosion rates. But many companies are not collecting sufficient data or even the right kinds of data that would actually save them significant costs or even provide them with good…
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In today’s world of uncertainty, it becomes very important to maintain and manage current assets. Geodesic aluminum domes are an investment within our oil and gas industry that protects the product in the storage tank and has a service life of 50 plus years with some maintenance along the way.
WHAT is a geodesic dome? A geodesic dome is a site specific, structurally engineered dome roof…
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How to reduce construction accidents by implementing better safety measures during the design and planning phase.
THE CONSTRUCTION industry faces two challenges that are usually considered separately: the lack of specifics, synergy, and effectiveness, between the safety planning and construction process; and the lack of concurrence between the design and construction process.
This article…
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There was a lot to see in the iTanks Innovation Zone at this year’s StocExpo Rotterdam in March. Together with a group of partners from the iTanks network, the zone was packed with novelties for the tank storage industry. For those who could not come to the innovation zone, here is a recap of what you missed:
iTANKS is a knowledge and innovation platform for the portrelated industry, an…
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As a result of heightened regulatory measures to decrease greenhouse gas emissions and reduce reliance on fossil fuels, the composition of the fuels used has changed dramatically in recent years. When these biofuels come into contact with water, microbial contamination can occur in the tank.
MICROBIAL CONTAMINATION
Traditionally when straight hydrocarbon fuels were used, you could have a tank…
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A new HCSS report finds that in a large-scale conflict, the Netherlands and the wider EU would struggle to meet surging military fuel demand while keeping the civilian economy running.
_via @TankStorageInfo
https://tankstorage.com/all-news/partner-news/europe-risks-fuel-shortages-in-wartime-new-hcss-report-warns/