Both demand and supply for storage in ARA have been rising strongly over the past few years, as a result of growing trade flows transiting through the region. Storage rates showed signs of decline in 2011 and now volumes seem poised to enter a downward trend. The boom years of ARA have clearly come to an end and the term 'overcapacity' started to be used in industry circles. In this insight, Wood Mackenzie provides a view on the future of storage supply and demand in ARA and evaluates...
Table of contents
Total oil products traffic in ARA is entering a downward trend
Capacity additions are driving utilisation and rental rates down
Will the storage industry face rationalisation in the longer term?
Tables and charts
This report includes 5 images and tables including:
Netherlands and Belgium total gross trade by product