World Point Terminals, Inc. · Montreal, PQ Canada ·(Toronto: WPO)
Company Description
Phone: +1-403-261-3700
Fax: +1-403-282-3323
View World Point Terminals, Inc. Locations On A US Map
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This link will open in a new window Need more storage? World Point Terminals operates bulk storage and shipment terminals for petroleum and other liquid products in the Bahamas and Bermuda (operating as South Riding Point), and North America (operating as Center Point in various locations in the US). Through its subsidiaries the group owns and operates 14.1 million barrels of oil storage facilities. The terminals also blend and transport crude oil and refined petroleum products. In 2009 the company agreed to sell its crude oil terminal in the Bahamas and its 50% stake in a Bahamas-based tugboat operator to StatoilHydro for $263.2 million. To read the full description, subscribe now.
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Key World Point Terminals, Inc. Financials
| Company Type | Public - Toronto: WPO Single Location |
| 2008 Sales (mil.) | $82.1 |
| 2008 Employees | 55 |
World Point Terminals, Inc. Executives
6 executives listed for World Point Terminals, Inc.'s Montreal, PQ location.
| Title | Name & Bio | Contact |
| Chairman | Paul Novelly | Network |
| President and CEO | Bernard Roy | Network |
| CFO | Steven Twele | Network |
Competition
Competitive Landscape for World Point Terminals, Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top World Point Terminals, Inc. Competitors
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