Straits Energy Resources Berhad (Straits), a Bursa Malaysia Listed Company, on Friday (14 October) said its unit Victoria STS (Labuan) Sdn Bhd (Victoria STS) has successfully completed the first ship-to-ship (STS) transfer of liquefied natural gas (LNG) at the Labuan Port Limit of Labuan on 13 October
This event marks the first LNG STS transfer to take place in Labuan.
Victoria STS (Labuan) Sdn Bhd Chief Executive Officer Benjamin Bernard Bijion, said: “We have successfully completed the STS operation on 13 October without any reported injuries to personnel or impact on the environment.”
“Various scenarios were considered, and this was achieved through the collective and collaborative efforts of all parties involved in the operation, with the cooperation and support ofVictoria’s customers.”
Present during the STS operation was Labuan Corporation Chief Executive Officer Hj Rithuan Ismail, Labuan Fire and Rescue Department Director Ismaidi Ismail, Labuan Customs officials and Labuan Chamber of Commerce Vice-Chairman Mr. SK Tan, among others.
Labuan Corporation Chief Executive Officer Hj Rithuan Ismail, said: “Witnessing the first STS transfer in Labuan waters, O&G is not a new activity in Labuan but there is a need to diversify the O&G activities. We, from the Labuan Corporation, fully support the STS operation as we believe it will have a spillover effect on the economy of Labuan.”
“The last two to three years have been a struggle. So we see this as a catalyst in flourishing the local economy such as crew hiring, service sector, boat/ship/vessel leasing, supply of raw material, and purchase of small equipment and needed supplies from the island.”
Victoria STS specialises in offshore handling of liquefied gas and bulk petroleum cargoes. The company received its first licence to conduct STS operations of oil and liquefied gas products within the Victoria Port Limit in July last year.
Victoria Bay is strategically located along international shipping and energy trade routes. Straits’ vision is to develop Labuan as one of the largest transhipment hubs in Asia. The STS hub is also strategically located within the vicinity of Labuan Liberty Port which is managed and operated by Megah Port Management Sdn Bhd (“MPM”), a 51% owned subsidiary of Straits.
Related: Victoria STS completes its first-ever STS crude oil transfer off Labuan
Related: Straits Energy Resources and Fendercare Marine to promote Labuan STS services
Related: Straits Inter Logistics undergoes name change to Straits Energy Resources
Related: Tumpuan Megah Development to collaborate with Petronas for bunker deliveries
Related: Straits Inter Logistics receives government approval to develop STS hub
Related: Straits Inter Logistics subsidiary to become STS operator at Victoria Bay, Labuan
Related: Malaysia: Straits Inter Logistics gears up for USD 3.6 million STS hub project
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Photo credit: Straits Energy Resources Berhad
Published: 17 October, 2022
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