Revenues down at World Point

10.05.16. World Point Terminal revenues for the first quarter to 31 March decreased US$0.6 million compared with the corresponding period of 2015.
Base storage services fees fell $0.2 million, or 1 percent, primarily as a result of contracts that terminated in the second half of 2015 at the Chickasaw and Galveston terminals, partially offset by additional capacity placed under month-to-month contract at the Blakeley Island terminal and the addition of the Salisbury facility.
Excess storage fees decreased $0.2 million, or 69 percent, due to lower throughput at Newark and Weirton terminals. Ancillary services fell back $0.1 million, or 3 percent, as a result of reduced barge loading fees at Newark and lower heating fees at Pine Bluff terminal, partially offset by increased polymer processing at World Point’s Granite City terminal.
Adjusted EBITDA was $0.2 million lower compared with Q1 2015.