Terminals
Our consultants have evaluated terminal facilities worldwide for banks, potential investors, buyers, and insurance adjusters. We have the expertise to assess both technical and commercial aspects of existing and potential terminal operations. Typical engagements include the determination of the physical condition of assets, completion of facility due diligence, and analysis of project feasibility. Clients often retain us to evaluate the commercial viability and competitive positioning of terminal operations based on market assessment, cash flow forecasting, comparable sales, and replacement cost assessments. Our professionals have also completed analyses to assess business interruption and property loss claims as well as asset and product inventory determinations in financing and change of ownership situations.
Terminal Appraisal
Advised bank group with respect to market demand for marine terminal capacity. Completed physical asset inspection and appraisal of asphalt, fuel oil, and chemicals import terminal in the Caribbean, including market assessment for supply/demand, cash flow modeling, comparable sales assessment, and asset valuation.
Valuation of Terminal Business Unit
Retained to provide valuation of refined products terminal business and associated trading book for privately-held company with assets operating in the northeastern U.S. Completed assessment of inventories, trading positions, existing terminal storage, and throughput contracts as well as evaluation of current/future operating and capital costs required to sustain the business. Assessment also included evaluation of potential growth and expansion.
Market Studies
Completed assessment of supply/demand for refined products markets served by terminals connected to largest U.S. refined products pipeline. Study included forecast of local market demand as well as competitor strengths/weakness/opportunities/threats as bases for strategic plan for expansion.
Crude Oil Unit Train Terminal
Performed due diligence review for bank financing of a greenfield crude oil truck and rail terminal in the Bakken area of North Dakota. Commercial review included market assessment, competitive analysis, and review of commercial contracts. Evaluated facility design to ensure capability to meet contractual commitments, conducted site inspection during construction, and evaluated facility design and construction contracts to identify major risks and mitigation provisions.
Refined Products Markets Logistics Evaluation, U.S. East of Rockies
Conducted a detailed study to determine the future outlook for existing logistics assets east of the U.S. Rocky Mountains. Analysis included the determination of the utilization of existing refining, transportation and terminal assets, alternative tariff strategies for the future, and sensitivities to the probable elimination of MTBE from the U.S. gasoline pool.
