Volume: 13
Issue: 4

Published:
August 30, 2017

Tank Storage Magazine

Tank Storage Magazine is the leading industry publication dedicated exclusively to the bulk liquid storage industry. It is read by terminal managers, senior engineers, logistics/distribution managers and CEOs within oil, gas and petrochemical facilities as well as third party terminal operators.



Headlines


Riding the electric highway

As the role of the electric vehicle in the future is brought into the fore – many are questioning what impact this could have on oil demand going forward and how it will affect oil markets and the role of tank terminals. Jasmin McDermott reports The rise of the electric vehicle has delive...


The gateway for North East Asia trade

As the largest bulk liquid storage facility in the Ulsan industrial complex, Jeongil Stolthaven Ulsan tank terminal is embarking on more growth to handle greater demand for petrol and petrol product storage Jeongil Stolthaven Ulsan is a crucial facility in Stolthaven’s network as it enables d...


A visible sign of success

Greater trading transparency is elevating Fujairah’s importance as a global benchmark, trading and storage hub Fujairah is the natural focal point for trading activity in the Middle East and is therefore a critical hub for oil trading and storage in the region. Its strategic location, extensiv...


Creating a storage first for South Korea

Once complete the North East Asian oil hub project will make the Port of Ulsan the third largest storage hub for oil products and chemicals in the world, with 50 million barrels of capacity The Port of Ulsan is positioning itself to absorb increasing demand for storage capacity in the Asia ...


Going underground in Singapore

Nestled within the second largest global trading hub, the Jurong Rock Caverns facility’s unique concept allows for more storage potential within a land-constrained country When Jurong Rock Caverns opened the first phase of its underground storage solution in 2014, it achieved several firs...


Oil slump means boom time for Asian terminals

A voracious thirst for oil is fuelling demand for oil storage in the region, as Asia mops up excess crude supply. Criselda Diala-McBride reports More than three years since its fall from grace, oil still struggles to climb out of the downturn. To support an oil price recovery, OPEC and its ...


Value added downstream logistics

A thriving demand for specialty and niche chemicals in Saudi Arabia is fuelling Arabian Chemical Terminals’ plans to expand infrastructure at its Jubail facility. The facility in Jubail Commercial Park has recently completed an expansion project, which involved the addition of two tankpits...


Changing trade flows boost Mediterranean hub

The Mediterranean region is looking to enhance its strategic importance as a key trading and storage hub for Europe. And the Port of Tarragona is spearheading a series of initiatives and developments to elevate the region’s importance in the wider web of global trade flows. New trade flows...


Investing in flexible storage

Tepsa’s four Spanish terminals have been flourishing over the past two years thanks to continued business and operations development. An average occupation level of between 92% and 94% accurately reflects the recovery of the Spanish economy. GDP has grown and continues to grow at an annual ...


Chemical trade flows: a growth story

The global seaborne liquid chemical trade is expected to grow to 183 million metric tonnes (MMT) in 2017. This market is forecast to grow to 202 MMT by 2022. Such growth has kept chemical shipping and tank storage business growing in tandem. While the chemical industry has grown substantiall...


Improving tank longevity with inspections

Operators will benefit from a longer operating life & peace of mind with a thorough inspection regime Length of service life and low maintenance are key factors in making tank storage purchasing decisions. The life expectancy of a storage tank is hugely important because it affects the peri...


A wireless approach to tank level monitoring

ng Tank level monitoring is a critical operation within the oil and gas, chemical, and refinery markets. It addresses the need to maintain inventory levels, protect against overflow, and ensure accurate process operations. In the past, obtaining tank level data was a manual and laborious task, ...


The evolution of dome design

The history of dome design dates back thousands of years and has undergone significant evolution from stone, bricks and cement to steel, timber and aluminium as space-framing, lattice vaults. EARLY WORKS The design and execution of domes dates back more than 2,000 years and historical evid...


Tank emissions: finding the true vapour pressure of heavy petroleum stocks

There are multiple initiatives in play in the US concerning estimation of emissions from tanks storing heavy petroleum stocks. The heavy petroleum stocks in question include refinery intermediate streams such as gas oils and products such as No. 6 fuel oil. The initiatives include enforcement ...


A new tank inspection tradition

The use of robotics as part of a tank inspection regime can reduce the process from months to days and improve personnel safety Traditional methods of tank inspection are being revolutionised with the introduction of robotics into the field, which offers a safer, cheaper and faster option f...


Maintenance free remote fill solution

A Romanian oil company approached OPW to provide an easy-toinstall, reliable above ground fill point solution for a new build filling station including associated internal equipment (pipework and fill caps) that would perform for the life of the site. PROBLEM The oil company required an ab...