Blackwater acquires New Orleans terminal
Blackwater Midstream Corp, Vancouver, British Columbia, Canada, has agreed to acquire an 800,000 barrel storage terminal in the Port of New Orleans for $4.8 million, according to company information.
The company also is constructing a 10 million barrel independent storage terminal facility in Garyville LA. In addition, Blackwater Midstream currently is pursuing acquisition strategy in the mid-Atlantic and Northeast regional markets.