Chemoil Enters Sri Lankan Bunker Market

Friday, July 23, 2004
Chemoil Corporation has commenced supplying bunkers in Sri Lanka. Local deliveries will be made by Lanka Bunkering Services Ltd. (LBS), a joint venture between Chemoil and local company, Sri Lanka Shipping Company (SLSC). SLSC is a well known shipping company in Sri Lanka who until recently sold bunkers using its subsidiary Lanka Maritime Services (LMS). Chemoil will join forces with SLSC, using its international network of customers and global experience in combination with SLSC's well established local knowledge. Chemoil's expansion into Sri Lanka recognizes the company's commitment to the region and its belief in the potential for growth in the Sri Lankan bunker market.

Main delivery port in Sri Lanka will be the port of Colombo, including Colombo anchorage and OPL Colombo. Deliveries in Galle and Trincomalee are also possible. Chemoil is able to offer 180 cst, MGO and MDO and it is anticipated that 380cst will be available in the very near future. Deliveries will be arranged using two barges fully owned by the joint venture; M/T DUNHINDA with 2.515 mts DWT and M/T DIYALUMA with 893 mts DWT capacity. Both barges are able to carry IFO and MGO/MDO simultaneously. M/T DIYALUMA is double-hull and double-bottom and M/T DUNHINDA is fitted with double bottom in compliance with the new industry standards.

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