Business

Megah Port Management set to hold town hall reviewing Labuan port-related concerns

‘We recognise it is important to hold dialogues especially in this challenging time, to gain feedback and suggestions to make Labuan port more resilient and effective,’ says MD.

Published

6 years ago

April 21, 2020

Admin

Tan Sri Mohd Bakri Bin Mohd Zinin Resized

Megah Port Management Sdn Bhd, the subsidiary of Malaysia-listed oil trading, fuel bunkering and investment player Straits Inter Logistics Berhad (SIL), on Tuesday (20 April) said it plans to hold a town hall session with trade associations, chambers, port users and relevant bodies to discuss port-related matters after Malaysia’s Movement Control Order (MCO) is lifted.

“To all the associations, chambers and port users, we hear you and we value your opinions towards making Labuan Liberty Terminal a prominent port in the region,” says MPM Managing Director Tan Sri Mohd Bakri Bin Mohd Zinin.

“We recognise that it is important to hold dialogues especially during this challenging time, to solicit for feedback and suggestions to make Labuan port more resilient and effective.”

He noted that Labuan Freight Forwarders (LFFA) and The Labuan Chinese Chamber of Commerce (LCCC) had recently commented on the new tariffs imposed by MPM, and confirmed that the Company is taking their opinions seriously and constructively.

“We understand that the shipping business has been affected by COVID-19 and lower oil prices, and therefore companies will need some time to recover from this global impact,” adds the MPM Managing Director.

“To address the issue, we have made the first move by waiving the Wharfage and Berthing Charges for a stipulated period as listed in our notice dated 1 April 2020 on our website.

“Certain charges were unregulated previously and we are currently making efforts to make those charges open and transparent.”

MPM states that it also plans to upgrade its infrastructure to be more competitive in the region.

“While it is difficult to do much at the moment due to the inability of contractors to procure materials during the MCO, we have many things planned out to make Labuan Liberty Terminal a more attractive and efficient port that can compete on a regional level,” said MPM Chief Operating Officer Datuk Seri Patrick Tiong.

“Old and unresolved damages in the port such as leaking roofs, flooding in container yards and warehouses will first be dealt swiftly by MPM. Only then, will we be able to entice international companies to send their vessels to our port.”

An industry veteran who has been in the shipping business for decades, MPM says Tiong is a key figure who will be utilising his experience and connections to potentially grow Labuan Liberty Terminal to new heights.

Other shipping agents such as Sea Lane Shipping Sdn Bhd, Ben Line Agencies Sdn Bhd, and Bintang Mas Shipping Pte Ltd have reportedly expressed their satisfaction towards the initiatives and performance of the new operator.

The combined ships of those three representatives make up 85% of Labuan Port’s imported cargo from Singapore and Port Klang.

Labuan Port is situated on an island in East Malaysia. Its berths have a total length of 355.6 meters with alongside depths of between 4.6 meters and 10 meters, and can accommodate a deadweight tonnage of 16,000. Labuan Port currently receives vessels carrying containers, dry and liquid bulk, general cargoes as well as oil and gas products.

Megah Port Management is 51% owned by the Bursa-listed Straits Inter Logistics Berhad (SIL), which is principally engaged in oil trading and fuel bunkering services and investment holding activities.

SIL posted a 75% jump in net profit for its financial year (FY) of 2019, propelled by strong demand for bunker fuel in the fourth quarter (Q4) of 2019.

The aforementioned Wharfage and Berthing Charges notice are available here.

Photo credit: Straits Inter Logistics
Published: 21 April, 2020

Winding up

Singapore: Notice of intended dividend issued for Xihe Holdings’ subsidiaries

Creditors will need to produce proofs of debt to liquidators of Da Xin Tankers and Nan Chiau Maritime by 5 August, according to Government Gazette notice.

Published

4 hours ago

July 23, 2026

Admin

Two notices to declare the intended dividend of Xihe Holdings’ subsidiaries to their creditors have been posted on the Government Gazette on Wednesday (22 July).

The subsidiaries are Da Xin Tankers Pte Ltd and Nan Chiau Maritime Pte Ltd.

The following are the details of the notices of intended dividend:

Name of Company : Da Xin Tankers (Pte) Ltd (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No. : 198400895W
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Name of Company : Nan Chiau Maritime (Pte.) Ltd. (In Creditors’ Voluntary Liquidation)
Unique Entity No. / Registration No.: 200814296Z
Address of Registered Office : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960
Last Day for Receiving Proofs : 5 August 2026 at 5:00 pm by email to [email protected]
Name of Liquidators : Paresh Tribhovan Jotangia and Ho May Kee
Address : c/o Grant Thornton Singapore Private Limited, 8 Marina View, #40-04/05 Asia Square Tower 1, Singapore 018960

Photo credit: steve pb from Pixabay
Published: 23 July, 2026

Biofuel

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

Company says it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply.

Published

4 hours ago

July 23, 2026

Admin

South Korea: S-Oil launches B30-VLSFO bio bunker fuel supply

South Korean petroleum and refining company S-Oil on Wednesday (22 July) said it has started supplying B30 very low sulphur fuel oil (VLSFO), as the company seeks to support shipping’s decarbonisation efforts and growing demand for lower-carbon bunker fuels.

The company said its B30 VLSFO contains 30% sustainable biofuel blended with conventional VLSFO and can be used without requiring modifications to existing vessels, enabling shipowners to comply more readily with emissions regulations from the International Maritime Organization (IMO) and the European Union (EU).

S-Oil said it has established an integrated operating system in the Ulsan region covering the entire value chain, from feedstock procurement and blending to supply. The system combines VLSFO produced at its Onsan refinery with biofuel production facilities and storage infrastructure in the Ulsan region, allowing the entire process to be carried out within a single logistics hub.

According to the company, the integrated supply chain reduces transportation requirements during production while improving supply efficiency and reliability.

S-Oil also highlighted Ulsan Port as a strategic location for marine biofuel supply, noting the port has strong demand for bio-bunker fuels, particularly from car carriers, enabling prompt and stable deliveries to key customers.

An S-Oil official stated: “In the bio-marine fuel market, not only product quality but also securing a stable supply of raw materials and an efficient supply system are important competitive advantages.

“Based on our existing bunkering business capabilities and the excellent supply infrastructure in the Onsan area, we plan to supply stable and competitive low-carbon fuel.”

Photo credit: S-Oil
Published: 23 July, 2026

Decarbonisation

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

Both will explore solutions spanning emissions measurement and verification, a digital Book-and-Claim framework, and a joint maritime-land inset token package.

Published

4 hours ago

July 23, 2026

Admin

Yang Ming and PSA to develop integrated sea-land decarbonisation solutions

PSA International (PSA) on Monday (20 July) said it has signed a Memorandum of Understanding (MoU) with Yang Ming Marine Transport Corporation (Yang Ming) to jointly accelerate the adoption of low-carbon solutions across the maritime value chain.

Beyond emissions measurement and verification, the collaboration will focus on a digital Book-and-Claim framework and a joint maritime-land based inset token package.

“This synergy provides cargo stakeholders with a transparent and accountable sea-land pathway to achieve their decarbonisation targets,” PSA said on its website.

Yang Ming launched the green transport service, EcoSea+. This initiative integrates Yang Ming’s low-carbon navigation capabilities to empower customers with a flexible and transparent strategy to effectively reduce their Scope 3 transportation emissions. By joining forces with PSA, Yang Ming is able to expand the impact of these sustainability actions beyond the ocean.

Building on its position as a global port operator, PSA advances its Node to Network strategy through integrated port and supply chain capabilities that enable a green network of terminal and landside operations to reduce end-to-end supply chain emissions.

The agreement was officially signed by Mr Ivan Chiang, Chief Logistics Officer & Senior Vice President of Yang Ming, and Mr Eddy Ng, Group Head of Operations, Technology and Sustainability of PSA International.

Mr Ong Kim Pong, PSA International Group CEO, said, “As responsible stewards of tomorrow, PSA is committed to delivering sustainable impact across the global port and supply chain ecosystem.

“Tackling the challenges arising from climate change will require the collective efforts of all players in the maritime supply chain sector. We are excited to partner Yang Ming on the decarbonisation of global supply chains and support the transition towards a more sustainable global economy.”

Photo credit: PSA International
Published: 23 July, 2026