TransMontaigne has completed a $180 million sale of its PortMiami marine fuel terminal on Oct. 13, according to a report by Ship & Bunker .

The company also agreed to a leaseback contract to retain control of operations at the facility, the website added.

Located on Fisher Island, the fuel depot has been in the middle of a crisis that could see PortMiami losing its only bunker supplier.

According to Ship & Bunker, the fuel storage will remain operated by TransMontaigne under the leaseback arrangement.

The deal will allow the company to continue its existing operations servicing its current customer agreements, the company was quoted as stating.

The website added that it is unclear whether the leaseback agreement is a temporary arrangement.

Serving as the only fuel source for vessel

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