Comparing the current results to its competitors, World Point Terminals Lp reported Revenue increase in the 1 quarter 2017 by 2.48 % year on year. The revenue growth was below World Point Terminals Lp's competitors' average revenue growth of 40.61 %, achieved in the same quarter.
World Point Terminals Lp's Comment on Competitors and Industry Peers
Many major energy and chemical companies own extensive terminal storage facilities.
Although such terminals often have the same capabilities as terminals owned by
independent operators, they generally do not provide terminaling services to third
parties. In many instances, major energy and chemical companies that own storage
and terminaling facilities are also significant customers of independent terminal
operators. Such companies typically have strong demand for terminals owned by
independent operators when independent terminals have more cost-effective locations
near key transportation links, such as deep-water ports. Major energy and chemical
companies also need independent terminal storage when their own storage facilities
are inadequate, either because of size constraints, the nature of the stored material
or specialized handling requirements.