Westway Terminals shows no growth

Westway Group has posted consolidated first-quarter net income of $2.5m, up from $2.1m in the same period last year. Net revenue from bulk liquids storage activities was flat at $22.8m, despite a 3.7% increase in capacity over the year and continued high utilisation of 92%. Expansions have been completed at the Houston 2 and Amsterdam terminals and a new 1.5m gal (5,680 m3) storage tank was completed on May 1 at the Jacksonville terminal in Florida. Further expansions at the two Houston terminals and in Port Allen are due for completion by the end of this year.