INVESTMENT Odfjell has an ambitious growth strategy for its tank terminal business, developing a new facility in Charleston while expanding in Houston and working on several possible new projects in China that could add another 2m m3 of tank storage capacity to its portfolio
EXPANSION The annual HCB roundup of global terminal expansion and construction projects sees refinery closures continuing to cause a structural shift in terminal demand, while nervousness over the future rate of economic recovery is keeping a lid on optimism
Odfjell’s storage terminal in Rotterdam has been in the news lately in connection with product spills and fugitive emissions. The company had admitted failures in properly reporting incidents with the authorities.
OVERVIEW In most other markets, it has been customary for a few years now to begin a review with a comment on recessionary factors, but that has not been the case with the terminals sector. Last year was no exception and 2012 is already looking good
OVERVIEW Consistently profitable operations have helped underpin quite massive levels of investment in the European tank storage sector in recent years. Some operators seem to be taking a breather in 2011
EXPANSION With the global recession still weighing heavy on industry, it is remarkable that terminal operators around the world have not only remained upbeat through the downturn but are continuing to invest heavily.