As global population and GDP are growing, the world’s demand for energy and chemicals is rising as well. We see a growing geographic imbalance between areas of production and areas of consumption of energy and petrochemicals. This has led to the transportation of oil, gas and petrochemicals over longer distances around the world. At the same time, markets and product flows has constantly changed, in response to more ambitious climate change policies, to geopolitical and economic fluctuations and to the development of new energy sources and cleaner fuels. The result is a growing demand for storage and handling of bulk liquids and gases at key locations along global marine trade routes.

Determining the best locations for our terminals requires a long-term vision of global geo-economic developments, while constantly changing product flows demand flexibility and short-term action in the day-to-day work at the terminals. In such a dynamic context, our leadership depends on our ability to excel in three areas — the three pillars of our strategy.

First, West Sea aim to grow, maintain and adapt our global network of terminals to connect global products flows. Our experience and our market knowledge enables us to identify the right locations for our terminals to create long-term value. In light of the changing energy and petrochemical landscape and a continuing economic shift from West to East, Our partners focuses on four categories of terminals. These are major hubs; gas terminals; terminals serving markets with structural deficits; and industrial and chemical terminals in the Americas, the Middle East and Asia. These categories guide us in making an early selection of the most promising opportunities for growing our network, for expanding and improving existing locations and for identifying assets for divestment, thereby improving the risk-return profile of our global terminal portfolio. We call this Growth Leadership.