WILLEMSTAD – 2Bays management has terminated its long-term contract with Vigor, citing persistent non-compliance with contractual obligations related to operations at Emmastad and Bullenbaai. The decision was formally communicated to Vigor on January 8 after what 2Bays described as extensive but unsuccessful efforts to bring the company into compliance.
According to a letter sent by management to employees, the termination follows a prolonged period in which 2Bays attempted to persuade Vigor to meet its obligations under a multi-year agreement. Those efforts did not yield positive results, leading 2Bays to conclude that immediate termination of the contract was the only remaining option.
Management emphasized that the decision will have no consequences for employees of CRU. The company stated that CRU’s core operations will remain unchanged and will continue to focus on the import, storage, and distribution of petroleum products for the local market on behalf of Curoil. Employees were assured that their roles remain essential to ongoing operations and that the contract termination does not affect their employment or responsibilities.
The termination of the agreement with Vigor was described as a necessary step to address a broader pattern of non-compliance, which, according to 2Bays, affected not only its own operations and CRU but also several local parties that provided labor or services to Vigor.
2Bays noted that services to Vigor were already suspended at the end of November after the company failed to honor commitments made during discussions in London. Management stated that Vigor had been repeatedly warned that the ongoing lack of compliance was unacceptable and that corrective action was required. Despite these warnings, the situation did not improve.
Following what it described as a careful and extensive evaluation, 2Bays concluded that terminating the contract was unavoidable. The company said it will now focus on making every effort to resume and reactivate operations at its facilities in Emmastad and Bullenbaai.
Management reiterated its commitment to maintaining stability for employees and safeguarding the continuity of core oil storage and distribution activities on Curaçao, while working toward the operational recovery of the refinery infrastructure.