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Overview: Chemicals Market

The search for spot tanks remain difficult, chemical tanks between 2,000 m3 up to 5,000 m3 show almost no availability these days in ARA. It is the preferred size for companies having cross ocean business as chemical parcels normally do not come in smaller sizes. In the fourth quarter of last year this was mainly the case for heated capacity, but now there seems to be an overall shortage of tanks in these sizes. Hence, decisions need to be taken fast in order to not lose the opportunity to someone else if a tank is given back.

Only a couple of small tanks can still be found, but unfortunately most of the time these tanks are not suitable for specialty chemicals and/or have a flashpoint restriction. A pity as we do have quite some enquiries for these small sizes that have not been fulfilled yet for over 2 years. As many terminals are expanding and with new chemical terminals on the horizon we are thrilled to see if these open enquiries finally find their tank.

Overview: Vegetable Oils Market

For edible/Vegoils the situation is quite the same although terminals in the ARA do not expand capacity that much as what we see in the chemical market- although there is room for more. The difficulty however lies in the contract periods. In the edible oils market players are not likely to commit to a long term storage agreement as this market is more depending on trade regulations and seasonality. At this moment just a couple of small and heated tanks are still available.