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Tank Storage Asia announces key focus

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Tank Storage Asia 2019 has released a statement announcing that the most prominent challenges, developments and solutions in the Asian bulk liquid storage industry have been announced as the focus of the event.

According to the statement, innovation, regulation and safety are the key themes that will be discussed during the two-day conference and free-to-attend exhibition when it returns to Singapore’s Marina Bay Sands Expo & Convention Centre on 25 – 26 September 2019.

The event will see a number of seminars held by major industry experts who will discuss the latest technological developments, accessible to conference delegates only. According to the statement, Mark Lim, Commercial Manager at Stolthaven Terminals, and Chye Poh Chua, CEO at ShipsFocus, will present a session on big data and artificial intelligence, detailing how technology can be used to reduce tanker waiting times and enhance terminal utilisation. The seminar will promote inclusive growth, encourage marine commerce to digitalise, and help maritime SMEs close the digital divide. Edwin Ebrahimi, Innovation Engagement Leader at Vopak, meanwhile, will talk about how the tank storage player has implemented Lim and Poh Chua’s guiding principles to become truly digitalised. IT/OT solutions, including drone inspection technology and robotics for in-service tank inspections, have been used to solve challenges at Vopak’s Singapore terminal. The seminar will provide significant insights and strategies that attendees can implement in their own organisations to drive digital transformation.

Another key theme at the event will be regulation; specifically, IMO 2020. Sushant Gupta, Director – Asia-Pacific Refining, at Wood Mackenzie, will reportedly discuss how the legislation demonstrates a positive move towards decreasing emissions and improving sustainability. In addition to this, he will also answer questions on how the sector will adapt to changes in demand for high and low sulfur fuel oil, and what this means for storage opportunities in Asia.

Paul Hickin, Associate Director at Platts, meanwhile, will be discussing how global supply and demand balances for oil will be impacted by the new regulation, and how market dynamics and structures will react. He will analyse OPEC’s determination to cut output beyond 2019; a development that Harshit Sharma, Oil & Gas Expert at Lux Research, will also address while debating the role hydrogen will play in a decarbonised future. Sharma will also highlight the global energy transition and encourage companies to become greener by investing in low carbon energy alternatives. In addition to this, Sharma will discuss characteristics of the new fuels on the market, including marine gasoil (MGO), very low sulfur fuel oil (VLSFO) and LNG. According to the statement, he will also examine the commercial opportunities that will present themselves after the implementation of IMO 2020.

Safety is another industry theme that will be heavily discussed at the event. Lai Siang Yeong, Asset and Operations Manager at Oiltanking Asia Pacific, will look into how the business has focused on process safety improvement to become compliant with Singapore’s new Safety Case Regime.

There will be a number of networking opportunities at the event. An online, one-to-one networking platform will also allow attendees to set up meetings with suppliers and prospects, and manage their schedule during the event. The TSA Connect Lounge on the exhibition floor will provide a comfortable space for visitors to host important meetings.

Mark Rimmer, Tank Storage Portfolio Director, said: “Tank Storage Asia is alert to the biggest issues currently affecting the Asian tank storage industry. The event will examine the trends that are most prevalent in great detail. This is what brings leading professionals to the event, year-on-year.”

More than 80 exhibitors and more than 20 conference speakers, including experts and analysts from top terminals and oil majors, will contribute to the pool of thought-leadership at the show. Tank Storage Asia is an excellent opportunity for visitors to access in-depth sessions, presentations and debates on the most pressing industry-related challenges and solutions of the moment.

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