Connect with us

Business

Malaysia: Straits Energy Resources subsidiary inks Mou for reforestation project

Multi-year reforestation project is aimed at restoring degraded forest areas in the Setiu Wetlands State Park, one of the largest natural wetlands in the East Coast region of Peninsular Malaysia.

Admin

Published

on

283Malaysia: Straits Energy Resources subsidiary inks Mou for reforestation project

Malaysia-listed Straits Energy Resources (SER) on Sunday (10 December) said its subsidiary Benua Hijau has signed a Memorandum of Understanding (MoU) with the Management Council Of Terengganu State Parks (MPTN) and the Setiu Land Office, for a reforestation project. 

SER is principally engaged in oil trading and fuel bunkering services, ship management, port operation and management, inland transportation and investment holding activities. 

Manifold Times recently reported SER entering into a conditional shares sale and purchase agreement with its subsidiary Tumpuan Megah Development for the proposed acquisition of Straits Marine Fuels & Energy (SMF) shares, representing 33% of the equity interest in SMF.

The multi-year reforestation project is aimed at restoring degraded forest areas in the Setiu Wetlands State Park, one of the largest natural wetlands in the East Coast region of Peninsular Malaysia.

Dato’ Sri Ron Ho Kam Choy, Managing Director of Straits Energy Resources Berhad, said: "Firstly, I would like to thank Yayasan DiRaja Sultan Mizan for opening the door for this ESG collaboration with MPTN, to kick-start this project. We are thrilled to sign this MoU with MPTN and the Setiu Land Office for this large-scale reforestation project that will be spearheaded by our CSR and ESG-focused subsidiary, Benua Hijau.”

“This ESG initiative involves taking important action on the ground, which will give us a high level of involvement and visibility into our projects and help us ensure we make a quantifiable positive impact. In line with this, Benua Hijau will be involved in physical ground work at Setiu Wetlands, releasing MPTN’s resources that can now be deployed to other important areas.”

“We view this project as a critical step towards not only restoring the natural beauty of the Setiu Wetlands, but also contributing to the global fight against climate change. In addition, the reforestation of Tasik Berombak will unlock valuable economic opportunities, through the production of sustainable forest resources, ecotourism, and a local cottage industry. This, in turn, will create job opportunities for locals from the surrounding community.”

“We would like to thank MPTN and the Setiu Land Office for this opportunity to make a meaningful impact, which aligns with our long-term values and commitment to building an environmentally, economically and socially sustainable business. We look forward to making this a truly win-win collaboration.”

Benua Hijau, a 51%-owned unit of Straits, is focused on the development and execution of environmental and social sustainability initiatives.

As part of this reforestation project, Benua Hijau plans to plant 100,000 Pokok Gelam (melaleuca) trees across a land area of 200 acres, the equivalent of 113 soccer fields. The reforestation activities, which will take place over five years, will be focused on a designated area surrounding Tasik Berombak within Setiu Wetlands. Tasik Berombak is one of the largest freshwater lakes and Gelam ecosystems in Malaysia’s East Coast region.  

Benua Hijau will coordinate activities across this designated area, including the physical planting of the trees and community engagement activities. Benua Hijau will also invest in the setting up of a dedicated nursery and research center to prepare Gelam saplings and study the Gelam ecosystem and value chain. 

Related: Malaysia: Straits Energy Resources makes move for SMF to become wholly-owned direct subsidiary 

Photo credit: Straits Energy Resources
Published: 12 December, 2023

Continue Reading

Environment

Singapore, Indonesia and Malaysia conduct table-top exercise to strengthen oil spill response

Exercise focused on several aspects including collaboration between government agencies and oil spill response firms to optimise oil spill response resources for incidents in Straits of Malacca and Singapore.

Admin

Published

on

By

The Maritime and Port Authority of Singapore (MPA) on Tuesday (11 February) conducted a table-top exercise (TTX) with Indonesia and Malaysia to enhance regional coordination and strengthen response capabilities for oil spills. The exercise brought together over 20 representatives from MPA, Indonesia’s Directorate General of Sea Transportation, Malaysia’s Environment Department, and oil spill response experts from ITOPF. As part of Singapore’s chairmanship of the Revolving Fund Committee (RFC) from April 2022 until March 2027, MPA led the TTX to foster collaboration between the littoral States of Indonesia, Malaysia and Singapore. The RFC, established through a memorandum of understanding (MOU) between the three littoral States and the Malacca Strait Council (MSC) in 1981, is a funding mechanism allowing each littoral State to draw cash advance from the Fund to combat oil spill from ships in the Straits of Malacca and Singapore (SOMS). The exercise focused on coordination procedures to ensure swift and clear communication between the littoral States during an oil spill incident, rapid deployment of oil spill response assets by the littoral States, and collaboration between government agencies and oil spill response companies to optimise oil spill response resources for incidents in the SOMS. The response strategies and asset deployment plans tested during the TTX will be exercised during a Ground Deployment Exercise between the three littoral States and ITOPF in 2026. Photo credit: Maritime and Port Authority of Singapore Singapore, Indonesia and Malaysia conducts table-top exercise to strengthen oil spill response

The Maritime and Port Authority of Singapore (MPA) on Tuesday (11 February) conducted a table-top exercise (TTX) with Indonesia and Malaysia to enhance regional coordination and strengthen response capabilities for oil spills. 

The exercise brought together over 20 representatives from MPA, Indonesia’s Directorate General of Sea Transportation, Malaysia’s Environment Department, and oil spill response experts from ITOPF.

As part of Singapore’s chairmanship of the Revolving Fund Committee (RFC) from April 2022 until March 2027, MPA led the TTX to foster collaboration between the littoral States of Indonesia, Malaysia and Singapore. 

The RFC, established through a memorandum of understanding (MOU) between the three littoral States and the Malacca Strait Council (MSC) in 1981, is a funding mechanism allowing each littoral State to draw cash advance from the Fund to combat oil spill from ships in the Straits of Malacca and Singapore (SOMS).

The exercise focused on coordination procedures to ensure swift and clear communication between the littoral States during an oil spill incident, rapid deployment of oil spill response assets by the littoral States, and collaboration between government agencies and oil spill response companies to optimise oil spill response resources for incidents in the SOMS.

The response strategies and asset deployment plans tested during the TTX will be exercised during a Ground Deployment Exercise between the three littoral States and ITOPF in 2026.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 12 February, 2025

Continue Reading

LNG Bunkering

South Korea’s HJSC scores LNG bunkering vessel order from H-Line Shipping

HJ Shipbuilding & Construction has secured its first order of the year with a contract worth KRW 127.1 billion (USD 87.6 million) to build an 18,000㎥ LNG bunkering vessel for H-Line Shipping.

Admin

Published

on

By

South Korean HJSC scores LNG bunkering vessel order from H-Line Shipping

HJ Shipbuilding & Construction (HJSC) has secured its first order of the year with a contract worth KRW 127.1 billion (USD 87.6 million) to build an 18,000㎥ LNG bunkering vessel for H-Line Shipping. 

The contracted vessel is a large-scale LNG bunkering ship measuring 144 meters in length, 25.2 meters in width, and 12.8 meters in depth. It is capable of supplying up to 18,000㎥ of LNG in a single operation to LNG-fuelled ships. 

Equipped with two independent LNG tanks certified by the International Maritime Organization (IMO), the vessel features a dual-fuel propulsion system that allows it to operate on both eco-friendly LNG and marine diesel oil. This advanced system ensures both stability and operational efficiency while effectively reducing carbon emissions.

Yoo Sang-cheol, CEO of HJSC, said, “As global LNG demand and supply continue to grow, the LNG bunkering vessel market will see steady expansion.” 

“We will focus on strengthening our expertise in building eco-friendly, high-value-added ships, securing a competitive edge that aligns with our legacy as a leader in shipbuilding.”

This achievement follows the company's success in 2014 when it built the world’s first 5,100㎥ LNG bunkering vessel for Japan’s NYK Line.

“This accomplishment also reinforces South Korea’s shipbuilding industry's efforts to enhance competitiveness by securing high-efficiency, environmentally friendly vessels in the global market,” HJSC said. 

“Notably, with the anticipated expansion of oil and natural gas drilling and the resumption of LNG exports under the second Trump administration in the US, the market for crude oil carriers, LNG carriers, and LNG bunkering vessels is expected to see significant growth.”

“This trend is likely to benefit the country’s highly competitive shipbuilding industry.”

 

Photo credit: HJ Shipbuilding & Construction
Published: 12 February, 2025

Continue Reading

Bunker Fuel

AMSOL tanker “Uhambo” commences offshore bunkering operations in Algoa Bay

Firm announced that its product tanker Uhambo has started offshore bunkering operations in Algoa Bay, signalling that the service has resumed in the maritime bay of South Africa.

Admin

Published

on

By

AMSOL tanker “Uhambo” commences offshore bunkering operations in Algoa Bay

Marine services provider AMSOL recently announced that its product tanker Uhambo has started offshore bunkering operations in Algoa Bay, signalling that the service has resumed in the maritime bay in South Africa.  

“Now flying the South African flag and an important platform for the ongoing training and development of tanker-endorsed South African seafarers, the Uhambo has commenced offshore bunkering operations in Algoa Bay, delivering locally refined marine fuel on behalf of its oil industry client,” the company said in a statement shared with Manifold Times

In November 2024, the South African Revenue Services (SARS) released new protocols including amendments under sections 21, 60, and 120 of the Customs and Excise Act. Some amendments pertain to the storage of imported bonded fuel goods in designated customs and excise storage warehouses.

SARS' move was anticipated to facilitate bunkering to resume off Algoa Bay, which has been shut down since September 2023

AMSOL’s Chief Commercial Officer Graham Dreyden, said: “Our ability to comply with stringent operating regulations and legislation as well as international maritime and marine standards underpins AMSOL’s track record.”

“This is the case for operations in Algoa Bay and we have worked closely with authorities and relevant stakeholders to ensure all legislative requirements for offshore bunkering operations are met.”

AMSOL’s CEO Dan Ngakane said he is positive about the growth of the company and its broader impact. 

“We have acquired five vessels in the last 4 years in order to meet the needs of our clients in the region for reliable and professional, risk managed marine solutions,” he said.

“In leading growth in the South African maritime sector, we remain committed to meeting the highest standards for environmental protection, safety and compliance whilst developing the talent required to keep our industry growing and moving forward.”

AMSOL said it is the only marine services business operating in the region with a proven track record in effective management of risk-mitigated fuel transfers through a portfolio of services that include in-port bunker delivery, offshore bunkering, ship-to-ship fuel transfer services and offshore terminal management.

Related: ENGINE: SARS releases final rules for South Africa’s offshore bunkering
Related: SARS seeks public comments on amendments to bonded bunker fuel storage regulations
Related: South African Revenue Service issues media statement on detention of bunkering vessels
Related: ENGINE: Algoa Bay bunkering at a standstill as authority detains barges – sources
Related: ENGINE: Algoa Bay closure spurs surge in bunker calls at nearby ports

 

Photo credit: AMSOL
Published: 12 February, 2025

Continue Reading
Advertisement
  • RE 05 Lighthouse GIF
  • Zhoushan Bunker
  • Sea Trader & Sea Splendor
  • EMF banner 400x330 slogan
  • SBF2
  • Aderco advert 400x330 1
  • v4Helmsman Gif Banner 01
  • Consort advertisement v2

OUR INDUSTRY PARTNERS

  • Singfar advertisement final
  • SEAOIL 3+5 GIF
  • E MARINE LOGO
  • HL 2022 adv v1
  • Triton Bunkering advertisement v2


  • Synergy Asia Bunkering logo MT
  • PSP Marine logo
  • Mokara Final
  • Auramarine 01
  • Energe Logo
  • MFA logo v2
  • Victory Logo
  • intrasea
  • Central Star logo
  • pro liquid
  • LabTechnic
  • VPS 2021 advertisement
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1
  • Headway Manifold

Trending