Volume: 14
Issue: 4

Published:
August 29, 2018

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


Implementation of ISO 45001 - an industrial experience

ISO 45001 is a new international standard for occupational health and safety (OH&S) that was finalised and published in March 2018. It provides a framework for the management of illness, injury and death with the objective of improving and providing a safe and healthy workplace for workers and pers...


Compelling strategic storage in Singapore

With strong demand for transportation fuels and petroleum products in the foreseeable future, Jurong Port Tank Terminals will leverage several strategic benefits to capitalise on Singapore’s premier oil & gas position Against a fluctuating oil price market and evolving trade flows, Asia contin...


Asian storage - the opportunities and challenges

Asian bulk liquid terminal operators will tell you that they have seen better days. With the oil markets in backwardation, and severe competition amongst traders, storage terminals are sensing the commercial pressures. But the storage market is not homogeneous. Terminals in hub locations are definit...


IMO 2020: the big debate

In less than two years, what has been described as the biggest disruption to the shipping and oil industry will take place. The International Maritime Organisation regulation to reduce sulphur oxides emissions from ships from 3.5% to 0.5% will be enacted as of January 1, 2020. However, there are s...


Is the price still right?

A lot has changed in the space of 12 months. A year ago, oil was in an apparently sustained downturn. In contrast, at one point in July this year, Brent was over $78 a barrel and WTI close to $74 a barrel. While contango was apparently the order of the day last August, 12 months later numerous fact...


UK tank storage - a need to react and adapt

Peter Davidson, executive director of UK-based Tank Storage Association examines the challenges facing the bulk liquid storage sector in the UK and how the industry needs to react and adapt to this ever-changing market The bulk liquid storage sector is facing many challenges, both in the UK and g...


International ambition fuels port potential

Located next to one of the most important petrochemical clusters in southern Europe, the Port of Tarragona’s potential to optimise trade flows from the East into Europe is fuelling its growth ambition. Tank Storage Magazine speaks to its three storage operators to find out how they are leveraging...


A Mediterranean port alternative for Europe

Situated on a major international shipping route, the Port of Marseille Fos positions itself as a southern alternative to the congested ports of northern Europe and has plenty of potential to increase its logistic and industrial capabilities The largest port in France and a natural gateway to Eur...


Securing long-term customer commitment for Indian chemical storage

As per industry estimates, total liquid cargo volume handled at Indian ports during financial year 2017-2018 was 333 to 335 million tonnes (MMT). This significant level of liquid cargo volume requires not only an efficient infrastructure for handling and storage in ports and liquid cargo terminals ...


Oil insights from the skies

Oil production has witnessed a significant growth rate in relation to the demand from end-users, urging suppliers to enhance their inventories and infrastructure to store large quantities of crude oil. The oil market is constantly evolving: it is therefore a difficult ‘beast’ to comprehend, anal...


Implementing future-proof emission treatment in tank terminals

The world is increasingly focused on reducing the environmental impact of industrial activities. One of the fields of attention is the reduction of volatile organic compound emissions from tank storage and product transfer activities. What is the challenge that the tank storage industry is facing, ...


Storm preparation: wind loading and water currents

In the second of a two-part article series, Philip Myers and Brock Trotter, PEMY Consulting, examine how tank owners & operators can prepare their facilities to minimise the effects of hurricane season The first article, Storm preparation: flood risk and buoyancy hazards, discussed the risks and ...


Tank fire incidents: a different outlook

Petroleum liquid storage is a high-capital and major hazardous installation, which impose large loss potentials. Storage tank fires do not occur frequently, nevertheless such incidents still happen notwithstanding the various engineering, safety and fire protection improvements learned from previou...


The next generation of tank inspection services

The introduction of full coverage data collection and analysis has prompted TCI Services to develop an integrated digital solution that adds a new dimension to tank inspection. Jasmin McDermott reports The rapid evolution of industry specific technology has transformed the storage sector, with th...


A question of safety

With a greater focus on safety at marine installations globally, the demand for safe and reliable access systems in ports and storage terminals is a growing concern. Jasmin McDermott reports on how UK-based Tyne Gangway is serving this industry-led safety mindset There is no doubt that the issue ...


An innovative fire suppression solution

When Saudi Arabian Chevron decided to replace its ageing fire suppression system, it opted for the innovative pressurised instant foam technology. The fire water network at its Kuwaiti Mina Saud tank terminal was 22-years-old and consisted of an underground bare-carbon steel pipe with outdated hydr...


Holistic approach to fire safety management in storage tanks

Over the 40 years in the process industries a distinctive approach was developed against hazards and failures that cause loss of life and property damages. It involves putting much greater emphasis on technological measures (engineering controls) to control hazards and on trying to do things right ...


An unsinkable, emission & maintenance free floating roof

This unsinkable and maintenance free innovative technology is a seamless non-metallic full contact floating roof. The GRP DeckMaster prevents evaporative losses and is 100% emission free. THE GODFATHER BEHIND THE GRP DECKMASTER 30 years ago, Wil Moeling, former managing director of DMT (the pred...


Are your storage tanks properly insulated?

An important part of a storage tank’s capacity is working above or below ambient temperature. A massive amount of energy is used to keep the medium temperature in line with technical specifications. Insulation is proven to be the most economical solution to reduce energy consumption and its CO2 e...