***This article was written by Martyn Wingrove for TankerShipping.com on Dec 6, 2017. To see the original, please click HERE.
The Gulf Coast, a hub for the storage and transport of petrochemicals, is booming with activity. Growth in refining at terminals in Houston and New Orleans, driven by low natural gas prices, can be seen in new plans to increase capacity at petrochemical facilities and major rail lines, as reported by Maritime Executive.
According to the US Federal Maritime Commission, port congestion is global and reaching critical proportions. Larger ships, stronger economies, weather-related problems, labor uncertainty and overdue upgrades/expansions to port infrastructure have all combined to generate more port congestion than ever before. At many ports, congestion has become a persistent problem, with vessels frequently forced to wait at anchor for a berth. Meanwhile, ships maneuvering around anchored vessels increase the danger of collisions, and tidal currents and wave action make tightly packed ships in harbor areas vulnerable.
***This article originally appeared in the Sep/Oct 2013 edition of Tank Storage Magazine
Dock utilization is a typical key performance indicator (KPI) used by marine tanker terminals to measure efficiency. It is generally calculated as a percentage of time a dock is occupied as opposed to vacant or experiencing an outage.