Fuel Operations Resume At Haiti's Main Terminal Varreux
FORT LAUDERDALE, Fla., Feb. 9 /PRNewswire-FirstCall/ -- WIN Group, the Haitian enterprise that owns and operates Terminal Varreux in Port-au-Prince, and SEACOR Holdings Inc. (SEACOR) (NYSE: CKH) today announced that emergency repairs have enabled crucial tanker shipments of fuel to resume to Haiti.
Restoration of Terminal Varreux's marine operations included the installation of an interim vessel mooring system, the repair and testing of critical piping systems and the revision of terminal operating procedures. Additional emergency construction at Terminal Varreux is also providing the capability to receive containerized cargoes, furthering recovery efforts.
The first tanker began discharging its initial load of fuel at the restored berth on Friday, February 5. The shipment was completed in the early morning hours on Sunday, February 7 and the vessel has departed from the terminal.
"We are all taking a deep breath now that the fuel supply to Haiti has been restored," said Youri Mevs, managing partner of WIN Group. "Without fuel the recovery effort is clearly paralyzed. We commend SEACOR for mobilizing so quickly to address this dire situation, as well as WIN Group's staff in Port-au-Prince. They all worked around the clock through very challenging circumstances. As a result, Terminal Varreux will continue its roll as a key element of Haiti's long-term recovery efforts."Terminal Varreux is located five miles from the epicenter of the devastating January 12 earthquake, and suffered damage to its piers and facilities, but the bulk of the port's 18 storage tanks were undamaged. Terminal Varreux's tanks have a total capacity of approximately 45 million gallons. SEACOR provided a diverse team of experts along with helicopter and marine resources from their subsidiaries O'Brien's Response Management, National Response Corporation (both units of SEACOR Environmental Services) and Era Helicopters.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV