European Terminal Operators Rethink Strategies

European terminal operators are looking for new service offerings as utilization rates slide across their import facilities. Service diversification, mothballing and boil off reduction programs are all options on the table for operators searching to boost falling revenues. Total import capacity in Europe, including Turkey, equates to 151 MMt/y, or 204 Bcm/y. But utilization rates dropped to just 31% in the second quarter of this year, down from 50% to 60% in the first half of 2011. Download here