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
1.5 billion dollar port is equipped with eight tanks, totalling a holding capacity of 51,000 cubic metres of bunkering services; Liberian oil tanker Melody the first to berth at port for bunkering.
Deciding on pricing structure and plan to start offering compliant fuels by the end of Q3 2019 or earlier.
Firm is developing a proof-of-concept ship agency module for bunkering on behalf of a world-class client; secured firm agreements to develop lighter boat scheduling, and more.
New business to develop international sales and logistics network for Gazprom Neft marine lubricants.
Examination of 2013 financial report identifies ‘significant deficiencies in the work performed’, it says.
Candidate responsible for optimal bunker planning, fuel requisition to meet fleet operational needs.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
The Bunkerchain Pte Ltd and Helmsman LLC sponsored event will be moderated by Gabian Chew, Senior Editor of Singapore bunkering publication Manifold Times.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.
14 Jun 2021
