Since the purchase of the facility in 2016, Limetree Bay Terminals (LBT) has successfully restarted operations at the storage terminal, assembled an industry-leading operations team, and entered into long-term, fee-based leases for a large proportion of storage. The facility is a “preferred terminal” in the Caribbean for clean oil products due to its central geographical location relative to Caribbean Island markets, Central and South America, and West Africa. Capabilities such as in-line/closed loop gasoline blending and ship berths are protected from weather delays. LBT rebranded to Ocean Point Terminals in 2022. The name Ocean Point Terminals was carefully developed and selected by the company’s employees, and is a name that recognizes our beautiful and strategic location in the USVI, which serves as the ideal point for the global movement of petroleum products essentially connecting the U.S. Virgin Islands to the rest of the world.
Ocean Point Terminals has a “CALM” type Single Point Mooring (SPM) Buoy located south of Limetree Bay on the south shore of St. Croix in the US Virgin Islands at Latitude: N 17° 40.17’ Longitude: W 64° 44.55’, in approximately 675ft/206m of water. The SPM buoy is yellow in color and equipped with a radar reflector and a white light flashing ●●▬. There are two (2) floating hose strings attached to the buoy. Each string is approximately 1,000ft/305m long.
Our SPM is suitable to moor a tanker ranging from 160,000 DWT and up to a VLCC of 323,000 DWT to its maximum draft of 80’/24.38m. While safely moored at our SPM, tankers can transfer over two million barrels of crude oil to and from our facility at approximately 50,000bbls per hour.