Petrotrin to resume Bunkering Operations shortly

(Photo courtesy petrotrin.com)

April 3, 2017: Petrotrin is set to resume its bunkering operations following the wet lease charter of a Tanker ‘Valme B’ which arrived in Trinidad on 2017 March 29. The vessel will be on hire to Petrotrin for a one (1) year period initially, while arrangements are being made for purchase of the Company’s own double hull bunker barge to replace the ‘Marabella’, a single hull barge which was decommissioned in 2015 September.

This wet lease Charter arrangement allows for Petrotrin representatives to be on board the vessel along with the vessel’s own crew to deliver bunkers to ships in our local waters as well as offshore Trinidad. It also allows for the possibility of bunker/cargo delivery regionally.

The resumption of bunkering operations is expected to increase Petrotrin’s revenue by moving some cargoes from the international market back into the regional/bunker market. Bunker deliveries are expected to commence within the first week of 2017 April.

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For further information please contact:

The Corporate Communications Department

Petrotrin

868-658-4200/10/20/30

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