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
The Green Port Award System (GPAS) programme is a green evaluation system for ports in the APEC region developed by Asia-Pacific Port Services Network.
The inclusion of LBG comes on the back of requests from the shipping market as well as the company’s mission to make it easier to source cleaner fuels such as LBG, it said.
The meeting will be held at the office of financial advisory KordaMentha to resolve that the Liquidator’s fees and disbursements for the liquidation be approved.
China has released its LSFO export quota, however production may not always be economical, so refiners may buy from other Chinese refineries to fulfil export numbers.
The firm took part in several LNG bunkering related developments and received an award for its methanol-fuelled vessels.
‘All ships given approval to operate for the activities specified under Section 491B shall ensure that the AIS system is always activated at all times,’ it said.
Session will provide insights on bunker quality issues from a bunker supplier, shipping company and surveyor, as well as providing insight and guidance on legal and dispute resolution issues.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
Danny Lee Chee Keong was sentenced to nine months’ imprisonment over the theft of MFO from the Consort Bunkers owned and operated bunker tanker at the sea off Eastern Petroleum ‘B’ anchorage.
‘Metcore’s MFM+ Program exemplifies serious oil suppliers and buyers who advocate fair trading using a recognised and widely-accepted technology,’ highlights Darrick Pang, Managing Director of Metcore.
‘The victim is Consort Bunkers Pte Ltd, the owner of the Pearl Melody,’ states the joint statement of facts (SOF) document obtained by Singapore bunkering publication Manifold Times.
Between November 2016 and October 2017, Mr Tan falsified at least 20 invoices and submitted these invoices to UOB and OCBC, according to court documents obtained by bunkering publication Manifold Times.
