Terminal operator Blackwater Midstream has made its highest gross revenue on record in March 2012, hitting just over $1 million (€760,000), $160,000 more than its previous record.
The company, which has terminal facilities in the Port of New Orleans, Westwego, Louisiana, Brunswick, Georgia, and Salisbury, Maryland, has a capacity of more than a million barrels of storage.
Mike Suder, Blackwater Midstream’s CEO, says: ‘Our financial success is being driven by higher product throughput volumes and higher utilisation rates of our existing capacities. In fact, our three terminal facilities in Westwego, Louisiana; Brunswick, Georgia; and Salisbury, Maryland currently have any overall utilisation rate of 94%.’
Frank Marrocco, COO of Blackwater Midstream, adds: ‘We are in the process of constructing new capacity at our Brunswick, Georgia site for a long term customer commitment, and are working diligently with local officials to secure permitting to allow expansion at our Westwego, Louisiana facility.’