March 19, 2018 [TankTerminals.com] - Market Brief: Global Availability & Mineral Market. New Storage Opportunities: Light Ends FP below 60 (Belgium), Chemicals (Belgium, Rotterdam), Vegoils (Indonesia).
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Global Availability
In general the mineral market is oversupplied. Middle east is still the best example of disappearing contango and its effects. Many tanks are available in that region. In the far east there are still tanks to be found for basically any product. In the USA we see also availability and sublease opportunities. The rates in the USA haven’t dropped dramatically like the rates for distillates in Europe, but still more attractive rates can be found.
The oil market has recovered quite a bit from the sell-off witnessed 2 weeks ago on Libyan force majeure and positive OPEC rhetoric. After the dip towards the 60 level, Brent traded around 67 again this Monday, but 70 USD still seems to be a big hurdle to take with the US topping 10MM bbl of production. At the time of writing Brent is back to 64 on stock builds in the US.
Fuel Oil is lacklustre, the curve is flattish and the arb to Asia is closed. Storage demand remains weak and still we hear news of tanks being given back to terminals. On gasoline the March/April spread has weakened quite a bit, increasing demand for spot (contango) storage.
But the market for gasoline tanks is still tight so for opportunistic traders, empty space is hard to find. The distillate tank market continues to weaken. We witnessed quite a bit of interest below the market when the curve got given heavily 2 weeks ago but since then, spreads have recovered and interest died off. The front of the market is weakening again today on flat price, but it is not propagating throughout the curve. We still see biodiesel players coming in to take advantage of the weak distillates tank market though, so that’s helping terminals a bit to ease the pain.
Tank Storage Availability Worldwide | ||||
Capacity (m3) | Product | Location | Available from | Enquire for Storage |
---|---|---|---|---|
New | ||||
96,000 | Light ends FP <60 | Belgium | Q2, 2018 | Click here |
14,000 | Chemicals | Belgium | Now | Click here |
2,500 | Chemicals | Rotterdam | Now | Click here |
7,000 | Vegoils | Indonesia | Now | Click here |
Belgium – The Netherlands | ||||
150,000 | Diesel / Gasoil | Amsterdam | Now | Click here |
100,000 | Q2/Q3, 2018 | Amsterdam | Now | Click here |
40,000 | Light ends Fp<60 | Amsterdam | Now | Click here |
110,000 | Dirty Petroleum Products | Amsterdam | Now | Click here |
99,000 | Light ends Fp<60 | Amsterdam | Q2/Q3, 2018 | Click here |
1,200 | Dirty Petroleum Products | Rotterdam | Now | Click here |
135,000 | Diesel / Gasoil | Rotterdam | Now | Click here |
150,000 | Light Ends FP<60 | Rotterdam | Now | Click here |
13,000 | Vegoils | Inland Netherlands | Q2 / Q3, 2018 | Click here |
10,000 | Bitumen | Inland Netherlands | Now | Click here |
5,900 | Various | Inland Netherlands | Now | Click here |
183,000 | Diesel / Gasoil | Belgium | Now | Click here |
12,000 | Various | Belgium | Now | Click here |
North Europe | ||||
100,000 | Crude | North Germany | Now | Click here |
4,000 | Diesel / Gasoil | North Germany | Now | Click here |
17,000 | Dirty Petroleum Products | North Germany | Q2, 2018 | Click here |
15,000 | Diesel / Gasoil | Inland Germany | Now | Click here |
5,927 | Chems | Inland Germany | Now | Click here |
3,000 | Diesel / Gasoil | West Coast UK | Now | Click here |
6,000 | Various Products products | West Coast UK | Now | Click here |
28,000 | Various Products products | East Coast UK | Now | Click here |
4,000 | Vegoil / Chems | East Coast UK | Now | Click here |
15,000 | MGO / IFO | East Coast Scotland | Now | Click here |
100,000 | Light Ends FP<60 | Ireland | Now | Click here |
100,000 | Crude | Ireland | Now | Click here |
10,200 | Vegoils / Chems | Denmark | Now | Click here |
2,200 | Light Ends | Denmark | Now | Click here |
7,000 | Vegoils / Chems | Denmark | Now | Click here |
145,000 | Diesel / Gasoil | Denmark | Now | Click here |
1555,000 | Diesel / Gasoil | Denmark | Q1, 2018 | Click here |
651,000 | Diesel / Gasoil | Sweden | Now | Click here |
412,500 | Dirty Petroleum Products | Sweden | Now | Click here |
14,300 | Vegoils | Sweden | Now | Click here |
324,000 | Diesel / Gasoil | Finland | Now | Click here |
48,000 | Light Ends FP<60 | Lithuania | Now | Click here |
140,000 | Crude | Estonia | Now | Click here |
97,000 | Diesel / Gasoil | Estonia | Now | Click here |
73,000 | Light Ends FP<60 | Estonia | Now | Click here |
23,500 | Light Ends FP<60 | Latvia | Now | Click here |
South Europe | Mediterranean | Black Sea | ||||
17,700 | Various Products Products | Portugal | Q3, 2018 | Click here |
70,000 | Biodiesel | Spain | Now | Click here |
53,600 | Various | NW Spain | Now | Click here |
23,000 | Vegoils/ Chems | South Spain | Now | Click here |
25,000 | Dirty Petroleum Products | South Spain | Now | Click here |
110,000 | Diesel / Gasoil | East Spain | Now | Click here |
317,000 | Light Ends FP<60 | East Spain | Now | Click here |
55,000 | Light Ends FP<60 | East Spain | Q1, 2018 | Click here |
70,000 | Diesel / Gasoil | East Spain | Now | Click here |
80,000 | Diesel / Gasoil | East Spain | Now | Click here |
20,000 | Dirty Petroleum Products<60 | East Spain | Now | Click here |
25,000 | Dirty Petroleum Products | East Spain | Now | Click here |
5,000 | Chems | North France – Inland | Now | Click here |
1,500 | Chems | South France – inland | Now | Click here |
50,000 | Diesel / Gasoil | NW France | Now | Click here |
35,000 | Light Ends FP<60 | NW France | Now | Click here |
6,600 | Vegoils / Chems | NW France | Now | Click here |
150,000 | Diesel / Gasoil | East Med | Now | Click here |
10,000 | Chems / petroleum prods | Croatia | Now | Click here |
7,500 | Chemicals | NE Italy | Now | Click here |
15,000 | Diesel / Gasoil | NE Italy | Now | Click here |
12,000 | Light Ends FP >60 | NW Italy | Now | Click here |
30,000 | Various Products | NW Italy | Now | Click here |
8,000 | Chemicals | NW Italy | Now | Click here |
46,000 | Diesel / Gasoil | NW Italy | Now | Click here |
7,000 | Molasses | NW Italy | Now | Click here |
9,900 | Gasoline | Albania | Now | Click here |
30,000 | Light Ends FP<60 | Georgia | Now | Click here |
100,000 | Dirty Petroleum Products | Georgia | Now | Click here |
45,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
30,000 | Light Ends FP<60 | Ukraine, Danube | Now | Click here |
12,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
5,000 | Vegoils / Chems | Ukraine, Danube | Now | Click here |
120,000 | Light Ends FP<60 | SE, Turkey | Now | Click here |
20,000 | Dirty Petroleum Products | SE, Turkey | Now | Click here |
12,000 | Vegoils | Illichevsk | Now | Click here |
5,000 | Chems | SW Russia | Now | Click here |
20,000 | Methanol | SW Russia | Now | Click here |
Africa | ||||
14,200 | Chems, excl. acids | Egypt | Now | Click here |
6,000 | Vegoils / Chems | Egypt | Now | Click here |
10,000 | Diesel / Gasoil | Egypt | Now | Click here |
2,000 | Chemicals | Kenya | Now | Click here |
20,000 | Chemicals | Tanzania | Now | Click here |
55,000 | Light Ends FP<60 | Ghana | Sept, 2017 | Click here |
Middle East | ||||
100,000 | Various Products | Gujarat, India | Now | Click here |
97,600 | Chems | Gujarat, India | Now | Click here |
15,000 | Bitumen | Gujarat, India | Now | Click here |
100,000 | Diesel / Gasoil | Gujarat, India | Now | Click here |
959,200 | Various Products Products | UAE | Sept, 2017 | Click here |
212,000 | Diesel / Gasoil | UAE | Now | Click here |
116,180 | Light Ends FP<60 | UAE | Now | Click here |
114,000 | Dirty Petroleum Products | UAE | Now | Click here |
35,795 | Chems | UAE | Now | Click here |
Far East Asia | ||||
100,000 | Dirty Petroleum Products | South China | Q1, 2018 | Click here |
200,000 | Dirty Petroleum Products | South China | Now | Click here |
300,000 | Dirty Petroleum Products | North China | Now | Click here |
300,000 | Dirty Petroleum Products | Gr. Ningbo | Now | Click here |
300,000 | Crude | Shangdong | Q1, 2018 | Click here |
300,000 | Light Ends FP<60 | Yangtze River / East China | Now | Click here |
11,000 | Chemicals | North China | Now | Click here |
12,000 | Chemicals | Shangdong | Q1, 2018 | Click here |
15,000 | Chemicals | Greater Ningbo | Now | Click here |
6,000 | Chemicals | South China | Q1, 2018 | Click here |
15,200 | Chemicals | South Korea | Now | Click here |
72,500 | Light Ends FP<60 | South Korea | Now | Click here |
90,000 | Light Ends FP<60 | Malaysia | Now | Click here |
10,000 | Light Ends FP<60 | Singapore | Now | Click here |
200,000 | Dirty Petroleum Products | Singapore | Now | Click here |
500,000 | Light Ends FP<60/td> | Gr. Singapore | Now | Click here |
270,000 | Diesel / Gasoil | Gr. Singapore | Now | Click here |
255,000 | Dirty Petroleum Products | Gr. Singapore | Now | Click here |
North America | ||||
20,000 bbl | Diesel / Gasoil | California USA | Now | Click here |
456,000 bbl | Various Products | Ohio USA | Now | Click here |
60,000 bbl | Chems | Pennsylvania USA | Now | Click here |
35,000 bbl | Light Ends FP<60 | New York USA | Now | Click here |
1,520,000 bbl | Dirty Petroleum Products | New York USA | Now | Click here |
2,710,000 bbl | Crude | New York USA | Now | Click here |
50,000 bbl | Chems | New Jersey USA | Now | Click here |
250,000 bbl | Diesel / Gasoil | New Jersey USA | Now | Click here |
24,000 bbl | Vegoils / Chemicals | Maryland USA | Now | Click here |
450,000 bbl | Dirty Petroleum Products | Maryland USA | Now | Click here |
280,000 bbl | Dirty Petroleum Products | Virginia, USA | Now | Click here |
200,000 bbl | Diesel / Gasoil | Virginia, USA | Now | Click here |
120,000 bbl | Various Products | South Carolina, USA | Now | Click here |
30,000 bbl | Diesel / Gasoil | North Carolina USA | Now | Click here |
85,000 bbl | Light Ends FP<60 | North Carolina USA | Now | Click here |
570,000 bbl | Various Products | Georgia USA | Now | Click here |
289,000 bbl | Vegoils / Chemicals | Georgia USA | Now | Click here |
20,000 bbl | Vegoils / Chemicals | Florida USA | Now | Click here |
50,000 bbl | Various Products | Louisiana USA | Q1, 2018 | Click here |
200,000 bbl | Chemicals | Louisiana USA | Now | Click here |
380,000 bbl | Various Products | Texas, USA | Now | Click here |
238,000 bbl | Dirty Petroleum Products | Texas USA | Now | Click here |
660,000 bbl | Chemicals | Texas USA | Now | Click here |
Central & South America | ||||
190,000 bbl | Various Products | Puerto Rico | Now | Click here |
553,000 bbl | Light Ends FP<60 | Colombia (Caribbean) | Now | Click here |
7,500 bbl | Vegoils<60 | Colombia (Caribbean) | Now | Click here |
250,000 bbl | Dirty Petroleum Products | Panama (Atlantic) | Now | Click here |
9,000 | Dirty Petroleum Products | Argentina | Now | Click here |
10,000 | Vegoils / Chemicals | Argentina | Now | Click here |