KINGSTON, Jamaica — West Indies Petroleum Terminal Limited (WIP Terminal) officially commenced trading on the Jamaica Stock Exchange (JSE) on Tuesday, following a Listing by Introduction.

The listing saw 11,180,372,000 existing ordinary shares of WIP Terminal admitted to trading at J$0.50 per share, giving the company a market capitalisation of approximately J$5.59 billion. The listing positions WIP Terminal as one of the largest recent energy infrastructure entrants to the local stock market.

Chairman of WIP Terminal, Charles Chambers emphasised the historic nature of the listing.

“Today marks a milestone and it is significant because there are no comparable assets trading on this exchange.  This is a moment of great pride for us at WIP Terminal as we bring to the public market an asset that serves an important function for our country.”

Chambers highlighted the strategic importance of the terminal facilities.

“This asset, WIP Terminal, underscores the strategic importance of our fuel infrastructure and energy security.  Fuel supply is fundamental to everything we do as a nation.  It powers our economy, our industries, our transportation networks, and our daily lives,” he stated.  “As the largest independent, strategic asset of its kind, WIP Terminal, with its combined storage capacity exceeding 750,000 barrels, is more than a commercial asset.  It is a nationally important infrastructure for Jamaica, and we have been the stewards for some time.  Today now marks a historic shift as we share its ownership with the people of Jamaica.”

On the decision to list, Chambers explained multiple strategic objectives.

“The decision to list WIP Terminal on the JSE reflects several strategic imperatives.  First, it creates transparency and price discovery for this critical asset.  The public market provides a mechanism for Jamaicans to participate in ownership of infrastructure that serves their country.  Second, this listing is central to our broader reorganization of West Indies Petroleum.  We are positioning the overall company for efficiency across all our business segments.”

In outlining the company’s growth vision, Chambers noted, “Looking ahead, we see significant opportunity.  The cruise industry is experiencing robust growth in the Caribbean.  Current trends point to increased Caribbean itineraries and growing demand for marine fuel.  Regional trade continues to expand, and Jamaica’s strategic location positions us to serve shipping traffic throughout the Caribbean and Latin America.

“We have land available for expansion at our Port Esquivel facility.  We have the expertise, the infrastructure, and the strategic vision to grow this asset responsibly.  This listing ultimately provides the platform for that growth while ensuring that Jamaicans can participate in the value we create.”

Commenting on the listing, Livingstone Morrison, group chief executive officer – Jamaica Stock Exchange noted that the addition of WIP Terminal strengthens the exchange’s representation of the energy and fuel sector.  “The listing of West Indies Petroleum Terminal Limited reinforces the JSE’s role as a catalyst for regional companies seeking high levels of transparency, governance excellence, and access to capital markets.  This listing represents an important milestone for the capital markets, providing investment options in a critical sector of Jamaica’s economy.”

Meanwhile Romario Sterling, manager, Capital Markets, VM Wealth Management Ltd., which served as lead arranger and broker for the listing, highlighted the significance of the company’s transition to the public market.  “WIP Terminal’s listing by introduction represents an important milestone in the company’s evolution as it enters the public market environment and becomes subject to the enhanced disclosure, governance, and market oversight standards associated with being a listed company,” Sterling stated.

Sterling noted the broader market implications of the listing.  “We believe that well-executed capital market activities benefit not only individual companies, but also Jamaica’s broader financial ecosystem by expanding investment opportunities and deepening market participation. For investors, this listing expands the investable universe on the Jamaica Stock Exchange by introducing exposure to the bunker fuel and petroleum logistics sector, providing portfolio diversification opportunity, especially as WIP Terminal currently owns one of the most important and largest energy infrastructure assets in Jamaica.”

WIP Terminal is a direct subsidiary of WIP Energy and with the ultimate parent company being West Indies Petroleum Limited, a leading integrated energy company in Jamaica.  The terminal business represents a critical component of the parent company’s vertically integrated operations spanning fuel import, storage distribution and retail services.

The company’s board includes industry veteran Gordon Shirley, alongside fellow directors Tarik Felix, Kurt Boothe, Amanda Levien, and Karl Townsend, bringing expertise across petroleum, finance, law, and corporate governance.

Chambers concluded by emphasising the company’s commitment to stakeholders.  “We stand here today as guardians of this nationally important infrastructure.  We take that responsibility seriously and we are committed to operational excellence, safety, transparency, and creating value for all stakeholders.  The listing of WIP Terminal on the Jamaica Stock Exchange represents an opportunity for Jamaicans to invest in the infrastructure that powers their country’s future.”

Trading of WIP Terminal shares commenced under ticker symbol WIPT on the Main Market of the Jamaica Stock Exchange.