Aegean Marine Petroleum Network and Caribbean Bunkers LLC have signed an agreement to cooperate on bunkering sales, focused around the US Virgin Islands facility at Limetree Bay, St. Croix.
Under the contract, Aegean will market bunker fuels and marine gas oil supplied by Freepoint Commodities, the parent company of Caribbean Bunkers, to customers calling on the Limetree Bay Facility.
The deal calls for future expansion in the region that could lead to adding delivery capability through Aegean’s owned fleet.
The agreement begins in September and expects to be fully operational contributing results during the fourth quarter of 2017.
“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 ,” Manolis Chochlakis, Aegean’s Regional Manager of the Americas, said.
“The growth and activity level at Limetree Bay has been remarkable since the terminal was purchased in 2016,” Chochlakis added.