Aegean Marine Petroleum Network Inc. and Caribbean Bunkers LLC, a subsidiary of Freepoint Commodities LLC announced the signing of an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.
Under terms of the agreement, Aegean will market bunker fuels and marine gas oil supplied by Freepoint to operators calling on the Limetree Bay Facility.
Manolis Chochlakis, Aegean’s Regional Manager of the Americas, said: “We are pleased to announce the launch of our new service center in St. Croix USVI, which strengthens our existing presence in the Caribbean and represents another important step in our effort to broaden our global footprint in attractive markets. The growth and activity level at Limetree Bay has been remarkable since the terminal was purchased in 2016.”
The agreement begins in September and expects to be fully operational during the fourth quarter of 2017.
“The St. Croix Limetree Bay Facility has brought a lot of promise to the region and continues to grow at an impressive rate. We are fortunate to have the opportunity to develop a strong base of operations on the island and believe this new venture is a perfect complement to our existing business,” said Rob Peck, Senior Managing Director, Global Oil.
