The 2010 Terminals Study, designed to enable terminal operators to identify performance gaps as a basis for improving reliability and operational cost allocations, launches this month.

“More than 90 terminals entrust Solomon Associates with their most sensitive operational data, which the company uses to develop proprietary, confidential comparative analyses to help study participants accurately analyze their cost components in order maximize their tank integrity management programs and increase profits,” said Hank Brolick vice president of pipeline and terminal studies. “With strong growth in new construction over the past few years, the emergence of trading companies as terminal owners, and the use of marine vessels for alternative storage, terminal operators are seeking new efficiencies through systematically assessing and managing their cost contributors.”

Participants rely on the study to learn where their biggest performance improvement opportunities lie in both marine and non-marine operations and how to capitalize on these opportunities.  For many terminals, the study identifies millions of dollars in annual margin improvement potential based on Solomon Associates’ proprietary gap analysis. This study cycle, Solomon has added a new feature with the inclusion of chemical terminals.

Interested companies may learn more about Solomon Associates’ liquid terminals studies by visiting solomononline.com/terminals or by contacting Hank Brolick at 972.739.1719 or hank.brolick (at) solomononline.com.