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St. Croix, U.S. Virgin Islands (September 13, 2023) –Ocean Point Terminals (“Ocean Point” or the “Company”), today announced that it has awarded $25,000 in scholarships to 14 noteworthy U.S. Virgin Islands students for the 2023-2024 school year.  Ocean Point maintains a strong commitment to education, and this funding is allotted annually to support scholarship recipients in their pursuit of a degree at an accredited U.S. college or university, or technical/vocation college.

This year’s recipients include:

Ocean Point Terminals’ Chief Executive Officer Todd Dillabough expressed pride for this year’s recipients. “Our company remains committed to supporting students throughout their post-secondary journey, and we are honored to reward these scholars who place a high value on education,” stated Mr. Dillabough.

Every year Ocean Point awards $100,000 in scholarships, and recipients are selected based on their scholastic record and financial need compared to other applicants.  Scholarships are provided for up to four years should the student maintain good academic standing.  Since 2016, Ocean Point has supported a total of 114 individual students in their pursuit of a quality post-secondary education. 

Additionally, Ocean Point donates $140,000 annually to the University of the Virgin Islands to support the UVI Process Technology degree program, and the development of our local workforce.  To date, the Company has awarded more than $900,000 for training and scholarships to local recipients across the territory.