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Sabah Ports enter bunkering agreement with local supplier

20 Mar 2018

Sabah Ports Sdn Bhd (SPSB), a subsidiary of Malaysia-listed Suria Capital Holdings Berhad, has entered into a bunkering services agreement with Kota Kinabalu-based bunker supplier Minyak V.W. Enterprise Sdn Bhd, reports East Malaysia news publication Daily Express.

The development will see Minyak supplying marine diesel oil to vessels and port customers calling at Sabah, East Malaysia from April onwards.

The company will position the 500 metric tonne (mt) capacity Pulau Pelangi bunkering vessel near the Sabah Port Private Jetty to support operations.

SPSB and Minyak will jointly market the services of Pulau Pelangi under a provisional period; with Minyak responsible for other remaining operations.

 “This initiative will ensure a systematic and uninterrupted flow of bunker is in place for the benefits of port users,” says Ng Kiat Min, Group Managing Director of Suria Group.

“On a moderate scale, it is projected that the local shipping industry consumes between two to three million litres of bunker fuel on a monthly basis.

“Under this collaboration, shipping lines and vessels are assured of a steady supply of quality bunker fuel at competitive pricing and monitored by the port operator.”

SPSB officially took over the management of all port operations from Sabah Ports Authority on 1 September 2004. The entity provides berthing, handling and cargo facilities to its port customers at both the west and east coasts of Sabah.

Photo credit: Sabah Ports Sdn Bhd
Published: 21 March, 2018

 

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