September 24, 2018 [TankTerminals.com] - Businesses and traders of bulk liquid cargoes and gasses select ports because of their location, maritime access, hinterland connectivity, value-added services, economies of scale, and the availability of independent tank terminals.
Tanker owners prefer to sail to ports with high throughput volumes, fast turnarounds and low demurrage risks. The availability of tankers is a critical factor in the success of ports.
Ship Owners also look at reducing costs through vessel design, slow steaming between locations and reducing time spent in ports by optimizing loading and discharging.
The ship-shore interface involves tankers loading and discharging at regularly visited shore terminals, but with spot activity, vessels also need to call at many terminals they are not familiar with. This comes together with an increased risk for tanker owners. Similarly, each tank terminal now handles more tankers of different types and sizes than ever before.
The above indicates that the relation and coordination between vessel owners and tank terminals could be of great importance and a clear game changer. Better cooperation will not only help optimize operations and reduce cost but also support better risk management.
Read other articles of the series Tank Terminals in Tanker Shipping:
- Importance of Tank Terminals in Tanker Shipping in What-If Scenarios
- Tank Terminals as Market Indicators
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