Enhancing Efficiencies To Stimulate Growth

Transcription

1 Enhancing Efficiencies To Stimulate Growth A Presentation for Platts 6 th Annual oil Storage Conference January 2013 The Hilton Amsterdam, The Netherlands Ruud van Stralen, Commercial Manager Oil & Chemicals phone: , fax: ruud.van.stralen@portofamsterdam.nl Port of Amsterdam is a company of the city of Amsterdam

2 Content Port of Amsterdam Amsterdam s Role within ARA Port projects the current developments Market in movement New sea lock project Overcapacity > a Challenge Conclusion

3 Port of Amsterdam

4 Central location North West Europe Denmark United Kingdom Bremer port AMSTERDAM Bremen Hamburg London The Netherlands Rotterdam Antwerp Duisburg Belgium Dusseldorf Brussels Cologne Hannover Germany Luxembourg Frankfurt Paris Luxembourg Czech Rep. France Stuttgart Munich Basel Swizerland Austria

5 Seaport Airport City combination IJMOND PORT OF AMSTERDAM Amsterdam city Amsterdam Airport Schiphol Waterway Highway Railway

6 Key data Port of Amsterdam In ,5 million tons by sea In million tons oil products by sea plus 24 million tons by barge 4 th largest port Le Havre Hamburg range Distance to Rotterdam 8 hours by barge (many components from Rotterdam to Amsterdam) Draft sea ships max 45 feet in salt water (equals most USA and Baltic ports)

7 Amsterdam s Role within ARA: Blending

8 Types of cargo 2011 (in milllion ton) Amsterdam (incl. Zaanstad) IJmuiden (incl. Beverwijk) Latest info: in 2012 liquid bulk 42 million tons A growth of 11% Coal Liquid Bulk Agribulk Ores General Cargo Other Dry Bulk Containers

9 Types of Oil Products within Port of Amsterdam Oil products 2011 by sea 2% 1% 3% 41% 53% Gasoline Gasoil Veg oils Biofuels Other

10 Current locations tank storage & bio fuels production Vopak (project) BP Terminal NuStar Westway EuroTank 1.1 million m3 1.0 million m3 0.6 million m3 0.1 million m3 1.3 million m3 Gulf 0.1 million m3 Vopak Oiltanking 1.6 million m3 Australiëhaven Aziëhaven Sonthaven Bosporushaven 0.08 million m3 Suezhaven Vesta(Mercuria) ton Hydrocarbon 0.2 million m3 Green Mills ton NWB 0.1 million m3 Waterway Highway Railway

11 Port projects The Current Developments Growth = function of improvement

12 How to increase efficiency without extra land? Intensifying the use of land (EuroTank) Active restructuring (NuStar) Optimizing logistics (Oiltanking and BP)

13 How to compare the oil terminals Land lease Port dues > Quantify per m2 > Quantify per m2 Labour > Soft factor > equal for all oil terminals

14 How to compare the oil terminals (note: These terminals are hypothetical. The figures do not refer to any existing terminal) Terminal1 Terminal 2 Terminal3 Tank capacity m m m3 Tons by sea T T T Est. port dues , , ,- Size of land m m m2 Port dues/m2 5,25 17,- 9,- Land lease/m2 1,50 4,50 3,50 Revenue/m2 6,75 21,50 12,50

15 How to compare the oil terminals Tonnage by sea to Tankcapacity Ratio: Tonnage by sea = 6 X Tankcapacity 6 = 4 throuhputs X 2 (In + Out) X 0,76 (Gravity) Less than 6 means underperformance in Port s view. Tonnage by barge = 0,6 x Tonnage by sea (this only applies for Port of Amsterdam and expresses its strategic location close to Rotterdam and the Ruhr Area)

16 NuStar: case (2005), m3 old tankage + refinery

17 NuStar: success case (2008), m3 new blending tankage

18 Terminal Amsterdam History In 2005 The Port has managed and operated the old Smid and Hollander bitumen refinery after S and H bankruptcy and sold the terminal by tender to NuStar NuStar has invested $ 100 million in the terminal Port has invested 6 million in: - environmental clean up of the site - dredging of the port from 13 to 15 meters - shoreline improvements of the site Result: Tonnage by sea has grown from Ton/year to Ton/year or more

19 NuStar: site environmental clean up

20 NuStar: st ship at new jetty in 15m port

21 Oiltanking: success case (2008/2009)

22 Oiltanking: the making of land +jetty

23 BP: Amsterdam s theseus project Project improvement terminal infrastructure

24 EuroTank Terminal Amsterdam and Westway Terminal

25 EuroTank Amsterdam: intensifying and restructuring

26 Hydrocarbon Hotel Green and Diversified A joint venture between Blue Ocean and Argos Oil. First Phase of a much larger project International gasoline blending + Inland distribution + Bio fuels blending Operational Q4 2011

27 Hydrocarbon Hotel Practical Solutions The main jetty is constructed prefab on shore Cranes will lift the bridges onto their piles.

28 Vopak succes case World s largest independent tank storage company m2 land m3 tankage (first fase m3) 2 large jetties for 2 sea-going vessels and either 4 barges or 2 coasters and 2 barges. new quay walls for 4 barges or 3 barges and 1 coaster. First fase construction m2 started Q Terminal operational Q (2 nd phase 2012)

29 New 1,2 million M3 Vopak Terminal

30 Markets in Movement

31 Biodiesel Amsterdam ton/year biodiesel from animal fat

32 Amsterdam Waste into Energy Plant Feedstock: Household and Industrial waste and sewage Production of 100 MW electrical power Steam for the city heat net > homes in 2025 Biogas > Amsterdam Refuse Collection Vehicles will go Bio-CNG

33 Shift in Refining to Middle East and India Large new conversion refineries in Middle East and India: Reliance Industries Jamnagar 580 M B/D operational 2009 Saudi Aramco Yanbu 400 M B/D operational 2015 Production targeted for exports (eg gasoline to US gasoil to EU) Increasing Light/Heavy Crudeoil spreads will effect refining EU/US in favour of the new export refineries Shutdowns in Europe / US

34 Large product export volumes available Source: Baker & O Brien Inc.

35 Regions of the world Source: Baker & O Brien Inc.

36 New Sea Lock Project

37 New Sea Lock Impression Covenant 2009 Agreement Ministery of Infrastructure and the Environment, Province of North- Holland and the City of Amsterdam 500 x 65 x -18m (current understanding) Operational in 2019 (current understanding)

38 Overcapacity? A Challenge

39 And why is that? Increased competition will keep everybody sharp > better quality Terminals will take initiative again to lease back and lease out again > lower cost for everybody. Terminal innovations will become part of contract re negotiations > More efficiency Finally the effect is > more tonnage over the jetty and more business opportunities for the traders and better business for the terminal operators

40 Conclusion

41 Result: The future is looking Bright! Source: Amports