NW Corporation strengthens Port Klang operations with newly acquired bunker tankers

Editor’s note [22 July 2025]: Oil cargo capacity of Abbie changed from 4,200 mt to 4,000 mt.

Singapore-based commodities and oil cargo trading firm NW Corporation Pte Ltd (NWC) has bolstered its marine refuelling capabilities at Port Klang, Malaysia through its subsidiary NW Energy Sdn Bhd (NWE). This expansion includes the acquisition of two bunker tankers, learns Manifold Times.

NWE took ownership of the 5,000-metric tonne (mt) capacity Fortune Glory and reintroduced the 4,000 mt capacity Abbie into the market after completing drydock maintenance, stated Jason Tan, Co-founder and Chief Operating Officer of NWC. These vessels are now operational, delivering High Sulphur Fuel Oil (HSFO) and Very Low Sulphur Fuel Oil (VLSFO) to vessels calling at Port Klang.

In August 2023, NWC launched its Singapore bunker trading desk and successfully completed its first physical bunker delivery using its asset Abbie at Port Klang in April 2024, marking a pivotal step in the company’s strategy to integrate trading and physical delivery services.

Strategic Focus on Port Klang

NWE holds a bunkering license permitting operations at Port Klang, Tanjong Pelepas, and Pasir Gudang. However, the company has chosen to concentrate on HSFO and VLSFO deliveries at Port Klang, aligning with the port’s demand dynamics.

“Our focus on Port Klang addresses a gap in the market, where most players have traditionally catered to the low-sulphur marine fuel segment,” explained Mr Tan. “This strategic move complements the existing ecosystem and enhances the value offerings at Malaysia’s largest port.”

Navigating Industry Challenges

Mr Tan highlighted the operational adjustments necessitated by evolving industry conditions, particularly in the trading sector.

“The oil trading industry has faced significant challenges due to tightened credit conditions following high-profile defaults in recent years,” he remarked. “Banks have recalibrated trading lines across the sector, affecting cargo trading operations.”

In response, NWC opted to diversify into maritime asset ownership and service provision, leveraging the growth potential of Port Klang. This transition aligns with the company’s long-term objectives of securing stability and expanding its service portfolio.

Future Plans and Collaboration Opportunities

Looking ahead, NWC aims to expand its fleet further solidifying its position as a reliable bunker supplier at Port Klang.

The company targets the acquisition of additional barges, each with a capacity of 6,000 to 7,000 mt, by end of 2025. Additionally, plans are underway to procure a smaller tanker, with a capacity of 500 to 1,000 mt, dedicated to delivering Marine Gas Oil (MGO).

“We are committed to supporting our clients with tailored solutions and welcome partnerships to enhance our operational footprint in the region,” added Mr Tan.

For enquiries related to HSFO and VLSFO deliveries at Port Klang, potential partners and clients can reach out to:

General Line: [email protected]

Photo credit: NW Corporation
Published: 10 March 2025