Seacor to restore Terminal Varreux (Port-au-Prince)
01.26.2010 - NEWS
January 26, 2010 [Lloyd's Register/Fairplay] - Seacor Holdings and Haiti’s WIN Group plan to repair Terminal Varreux in Port-au-Prince, the Haitian tanker imports facility.

NYSE-listed Seacor said the WIN-owned terminal usually receives and stores more than 70% of Haiti’s fuel oil, gasoline, diesel and propane. But it has not been able to unload tankers since the 7.1-intensity earthquake. Fears are rising that a fuel shortage will create panic and hinder relief efforts.

WIN managing partner Youri Mevs said Haiti’s government has urged the terminal owner to “secure repairs” as quickly as possible. WIN signed an emergency response contract with Seacor to speed the project.

No cost estimates or timetables for repairs were offered, except for the assertion that “overall terminal operation will be restored in time to accept marine fuel transfers before Terminal Varreux and the country run out of fuel”.

The project will involve removing debris from the dock and vessel traffic area, replacing collapsed mooring infrastructure with temporary capability, installing a new series of temporary pipes to the tank farm and removing damaged tanks from service.

The response vessel NRC Perseverance of Seacor-subsidiary National Response Corp has been dispatched to Terminal Varreux to support operations.

Terminal Varreux receives and stores about of 70% of Haiti’s fuel and edible oil demand. Terminal Varreux has a minimum of 18 large storage tanks with a total capacity of approximately 45 million gallons.

10-year Treasury yield hovers close to highest level since April as investors await key jobs data
01.10.2025 - NEWS
U.S. Treasury yields hovered close to its highest level since April on Friday, as investo... Read More
Union dockworkers, port employers announce tentative deal at East Coast and Gulf ports
01.09.2025 - NEWS
State of Freight The tentative agreement is on all items for a new six-year mas... Read More
China's property market is expected to stabilize in 2025 — but stay subdued for years
10.30.2024 - NEWS
China’s struggling real estate sector may not start turning around until the sec... Read More
Harris will offer an alternative to Trump-era politics in closing argument speech
10.29.2024 - NEWS
1234534234 Democratic presidential nominee U.S. Vice President Kamala Harris walks to bo... Read More