Hong Kong Based, PTL Limited (NASDAQ: PTLE), a leading marine fuel logistics and bunkering facilitator serving the Asia-Pacific region, has officially announced the closing of its public offering of 23,800,000 ordinary shares at a price of $0.30 per share. The offering generated gross proceeds of approximately $7.14 million before deducting placement agent fees and offering expenses.
The capital will help scale operations, enhance infrastructure, and strengthen PTL’s position in the high-demand marine fuel market across the region.
Strategic Use of Capital to Support Growth
The successful offering will allow PTL to expand its bunkering capacity, invest in advanced logistics and safety systems, and deepen its network of partnerships with terminals, fuel suppliers, and shipping customers throughout Asia.
Revere Securities LLC served as the exclusive placement agent for the transaction, with Pacific Century Securities, LLC acting as advisor. Legal counsel was provided by Ortoli Rosenstadt LLP for PTL and Hunter Taubman Fischer & Li LLC for the placement agent.
The securities were offered under a registration statement on Form F-1 (File No. 333-286108), declared effective by the U.S. Securities and Exchange Commission on March 31, 2025.
Stronger, Safer, and More Sustainable
“This capital raise strengthens our ability to deliver timely, high-quality bunkering services to our growing customer base across Asia,” a PTL spokesperson shared. “We are committed to setting new benchmarks in safety, service reliability, and sustainability in the marine fuel sector.”
Track Record in Asia-Pacific Marine Fuel Logistics
Founded in 2013 and headquartered in Hong Kong, PTL Limited has grown into one of the region’s most established independent bunker service providers. The company delivers 24/7 marine fuel supply and trading services to a variety of vessel types, including container ships, bulk carriers, general cargo vessels, and chemical tankers.
PTL operates a fleet of modern bunker tankers includin – Lee Bo, Lee Fook, and Lee Yee, all compliant with ISO 8217 standards and capable of meeting complex refueling schedules. Marine fuels are sourced from top-tier suppliers, including Sinopec, Chevron, and Exxon, ensuring consistent product quality.
About PTL Limited
PTL Limited is one of the leading independent bunkering service providers in Hong Kong since 2013, offering both 24-hour local & international bunkering services and trading business. PTL Limited operate a fleet of 3 bunker tankers delivering high-quality bunker services in Hong Kong, all meeting ISO 8217 Standards.
PTL Limited mission is to provide customized bunkering solutions that cater to both local and international customer needs with reliability, speed, and transparency. PTL Limited leverage strong relationships with suppliers and customers to ensure seamless logistics.
PTL Limited aim to be a global leader in the bunkering industry, focused on safety, sustainability, and operational excellence. PTL Limited commitment to green technologies and cleaner fuels supports the decarbonization of the maritime sector.
Source Petrolink Energy Limited