TransMontaigne Enters Into Terminaling Services Agreement

(RTTNews) - TransMontaigne Partners L.P. (TLP) said Wednesday its subsidiary, TransMontaigne Operating Co L.P., has entered into a long-term terminaling services agreement with Metroplex Energy, a unit of RaceTrac Petroleum Inc, relating to the receipt, storage and delivery of gasoline, ethanol and diesel fuel using tanks with an aggregate capacity of about 2.17 million barrels at its Cape Canaveral, Port Manatee, Port Everglades South and Tampa terminals.

TLP and Metroplex had previously entered into an agreement relating to the tanks Metroplex will use at TLP's Tampa terminal. By fall of 2015, TLP expects to complete improvements at its Port Manatee terminal that are required for that terminal to store and deliver gasoline products there.

TLP expects that the new agreement will generate approximately the same annual revenue as the NGL agreement generated with respect to those tanks.