Port Manatee fuel operations expanding

Fuel operations at Port Manatee, Florida, are undergoing significant expansion, with additional capacity and a long-term contract extension expected to increase liquid bulk cargo volumes at the port while supporting growth of RaceTrac Petroleum Inc’s Florida presence.
An 80,000-barrel (13,000 cbm) tank is slated to re-enter service in mid-2017, to bring total active capacity of TransMontaigne Partners’ facility at Manatee to 245,500 cbm. In conjunction with the tank recommissioning, TransMontaigne’s entire light oil contract at Port Manatee is being extended for five years from the date the tank goes back into service, according to Fred Boutin, CEO of the Denver-based fuel terminal and transport firm.
“Separately, we entered into an agreement with 32,000 cbm of previously uncontracted capacity at our Port Manatee terminal,” said Boutin, who, in a November corporate earnings call, noted that TransMontaigne is making an investment of about US$2.5 million in Florida assets.