The humble storage terminal has long been an essential part of many organizations operating out of ports around the world. However, many view these facilities as a ‘non-strategic’ element of the business, perceived more as a warehouse to store finished product, and not as a potential profit centre. While perhaps not unexpected, this view consequently means many sites have remained bereft of significant capital investment for many years, resulting in an overwhelming number of facilities running on technology and equipment that is, in many cases, long past its best. But in recent years a series of emerging trends and a focus on the upstream business has started to change this industry view, causing an increasing number of organizations to begin to look at their facilities as potential untapped resources.
