Captain Morgan's ship has sailed Or, it is about to.
Its parent company Diageo has announced it is closing its rum maturation and warehousing operation on St. Croix in the U.S. Virgin Islands (USVI) by the end of 2017.
The spirits giant plans to relocate that part of its USVI operation to Relay, MD, in a bottling plant that has been closed since 2015.
Because Captain Morgan Rum will continue to be produced in the USVI, Diageo says the move will impact neither local employment nor St. Croix's "rum cover-over funds," the term used to refer to the excise tax the USVI receives when rum produced there is sold in the U.S. market.
Diageo sells more than six million cases of Captain Morgan in the U.S. annually.