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
EXPANSIONS This year’s annual round-up of expansion work at the world’s bulk liquids storage terminals is similar in extent to last year’s and many of the key drivers for growth remain unchanged
Rubis has acquired a 50 per cent shareholding in Delta Petrol Oil Terminal, which will now be renamed Delta Rubis. The company owns a 650,000 m³ crude oil and bunkering terminal in Ceyhan, Turkey.
Rubis has reported a 40 per cent increase in sales revenue to €953.1m and an 18 per cent increase in gross operating profit to €79.9m for the first half year.
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.
MARKET Having sailed through the downturn on an unstoppable tide of petroleum, recent indications suggest that independent terminal operators in Europe are now seeing a return of chemicals business
PROJECTS Despite rapid global economic decline, inflation and chaos in the world stockmarkets, the bulk liquids storage industry as a whole has been only lightly affected.
