PTL Limited

Petrolink Energy Limited is a bunkering facilitator based in Hong Kong, providing marine fuel logistics services for vessel refueling. The company primarily serves container ships, bulk carriers, general cargo vessels, and chemical tankers in the Asia Pacific market. Through its Operating Subsidiary, Petrolink Energy Limited, the company purchases marine fuel, including low sulfur fuel oil, high sulfur fuel oil, and low sulfur marine gas oil, from suppliers. It then arranges for these suppliers to deliver the marine fuel directly to customers. The company's services include facilitating fuel supply for customer vessels at various ports in the Asia Pacific region, arranging vessel refueling at competitive prices, and offering trade credit to customers for refueling. It also handles unforeseen circumstances and provides contingency solutions, and manages disputes related to marine fuel quality and quantity. The company's operations are conducted in Hong Kong, and substantially all of its revenue is generated by its Operating Subsidiary in Hong Kong. Petrolink Energy Limited does not require permits and licenses for its own operations, instead relying on its suppliers' permits and licenses for marine fuel delivery at each port. Geographically, nearly all of the company's revenue is generated from marine fuel delivery to customers in Hong Kong ports, accounting for 94.9% of revenue for the fiscal year ended December 31, 2025, 97.0% for 2024, and 93.2% for 2023.