Straits Marine Fuels & Energy Sdn Bhd (SMF), the new subsidiary of Malaysia-listed bunkering firm Straits Inter Logistics (Straits), is rumoured to have acquired two bunker tankers learns Manifold Times.
There was market talk on Wednesday (20 March) afternoon of the above development alleging SMF purchasing a 4,200 dwt and 6,500 dwt double hull bunker tanker to support fuel oil operations.
The unnamed vessels have an average age between 10 to 11 years, and are expected to be operational by between the middle to end of April 2019.
The company has yet to respond to requests for comments from Manifold Times.
SMF started operations at the Port of Tanjung Pelepas and Pasir Gudang on Wednesday (6 March).
Published: 20 March, 2019
Garren Hay will be responsible for sales of the PANOLIN range of Environmentally Acceptable Lubricants for the Singapore sole distributor agent Gealubes Consulting & Trading Pte Ltd.
Universal Alliance, BMS United, Digiland International, Goodwood Associates, Southernpec (Singapore), and Taigu Energy were involved in alleged circular fictitious trades of fuel oil during July 2015.
Bunker orders of ISO 8217:2010 spec LS 380 cSt 0.5% for Nord Gemini, Nord Titan, Ocean Rosemary, and Luzern were placed through global commodities trading and logistics house Trafigura Pte Ltd.
While Covid-19 concerns are important, Captain Rahul Choudhuri was quick to note this does not mean bunker fuel related issues have indeed disappeared from the shipping sector.
‘Therefore, representing the players of the Malaysian bunker industry, we sincerely hope that this matter can be refined and reconsidered immediately so that all parties benefit together,’ says communication.
Maureen Poh, a Director of Helmsman LLC, offers plain practical tips on the differences between US and EU Sanctions and shares some thoughts on what companies could do if they are potentially exposed to sanctioned entities.