It has agreed to acquire 28,567 tonnes of marine fuel and assume a storage contract with Vopak Terminal Los Angeles for $11m.

Aegean said it expects to integrate much of the former OW Bunker operating infrastructure in Los Angeles into the Aegean organization and begin operations at the Vopak Terminal in the first quarter of 2015.

Los Angeles and Long Beach combined form the largest container port in the US with annual volumes of 14.6mteu