Malaysia-listed oil trading and bunkering firm Straits Inter Logistics Berhad (SIL) on Monday (10 February) incorporated Straits Port Management Sdn Bhd (SPM).
“The intended principal business activities of SPM are to carry on the business as an Investment Holding Company,” said a company statement.
SIL in late January accepted Labuan Port Authority’s Letter of Award for the operation and facility management of Labuan Liberty Terminal in the Federal Territory of Labuan.
The company earlier said it was planning to start a new company, TopCo, to acquire 51% of Megah Port Management Sdn. Bhd. (MPMSB) for MYR 5.1 million (USD 1.24 million).
The remaining 49% of MPMSB will be owned by LPM Holdings Sdn. Bhd., a subsidiary of Sailion Shipping Sdn Bhd.
MPMSB will function as the operating company to carry out Port Management Services at Labuan Port from 1 April 2020 onwards.
Related: Straits Inter Logistics proposes MPMSB acquisition for MYR 5.1 million
Related: Straits Inter Logistics confirms takeover of Labuan Liberty Terminal
Related: Malaysia bunker supplier Straits Inter Logistics to take over Labuan Liberty Wharf
Photo credit: Straits Inter Logistics
Published: 3 February, 2020
‘We built the launch craft in Singapore and it was delivered on 2 September,’ shared Timothy Cosulich, CEO and Board Member of Fratelli Cosulich.
The EU have declared Turkey's exploration operations for gas reserves in the Eastern Mediterranean as illegal and have called on Turkey to refrain from such activities.
The firm took part in several LNG bunkering related developments and received an award for its methanol-fuelled vessels.
Company seeks to make IPO in mid-2018 with expected chartered capital of $630 million.
A total of 288 licensed bunker surveyors operating under 49 companies operating at Singapore port to date.
Equatorial Marine Fuel Management Services and Global Energy Trading sources confirm recent purchases.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
