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Tank Storage Availability in Europe

By far the hottest category now is chemicals. Small, best state of the art tanks such as SS316L are in high demand, sometimes even smaller than 500 m3 which are difficult to find. On top of that a lot of flexibility is asked from the terminals, different modes of transportation to optimize logistics to the end consumer is requested.

More and more customers are forced to find their storage in the surrounding areas as ARA cannot keep up with the increased number of requests. For veg oils it is quite similar, occupancy remains high forcing companies to look at alternative locations. France and Spain being most suitable looking at the geographical location and vessel routes. What stands out is the increasing capacity for minerals coming available in the Mediterranean in 2nd and 3rd quarter of this year.

A lot of terminals show their available tanks which can be used for basically any product (k1) compared to Northern Europe, which still shows a high rate of occupancy. Due to the competition in the Med, we see rental fees drop quickly as terminals rather have activity at site than leaving tanks unused. Also, many terminals have commitments with their port authorities to handle a certain number of sea-going vessels and tons. For the ports a guaranteed income on harbour duties and fees.