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Straits Energy Resources secures fuel delivery contract for PetroVietnam project

Tumpuan Megah Development to supply diesel for the PM3-CAA project for a period of about three and a half years from 6 December 2021 to 4 June 2025.

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Malaysia-listed Straits Energy Resources (SER), formerly known as Straits Inter Logistics, on Monday (13 December) said its 70% owned subsidiary Tumpuan Megah Development Sdn Bhd (TMD) has secured a Call-Off Contract from PetroVietnam Technical Services Corporation (PTSC).

The contract is for the supply of diesel for the PM3-CAA project for a period of about three and a half years from 6 December 2021 to 4 June 2025. 

The contract has no specific value as the supply of diesel will be on call basis throughout the duration of the contract. The PM3-CAA project involves offshore fields located throughout a 2,008 km2 area in the overlapping zone between Malaysia and Vietnam.

This is the first international contract secured by Straits as it expanded its footprint throughout the region and this award is a recognition of Straits brand name in delivering reliable services and quality products, it states.

Inclusive of the contract, PTSC will get highly reliable, efficient and safe fuel delivery services through Straits comprehensive network, infrastructure and tight operating procedures.

PTSC is a member of the Vietnam National Oil and Gas Group (PetroVietnam) and has established itself as a multi-sector corporation and leader in providing oil and gas technical services in and outside Vietnam. 

Meanwhile, PetroVietnam is a state-owned corporation established since 1975 and is engaged in the energy sector, including oil and gas and renewable energy. 

PetroVietnam has grown into a fully integrated business model, ranging from exploration production, refinery-petrochemical, gas industry, gas to power/fertilizer and petroleum technical services. 

Straits’ Group Managing Director Dato Sri Ho Kam Choy commented: “We are thankful and proud to be given this opportunity by an established and reputable company like PTSC and appreciate their trust in awarding this contract to us.”

“Straits Group has been working tirelessly the last few years to grow its business and this contract win has further given us the impetus to scale new heights. With our established network, infrastructure and a fleet size of 14 vessels, we stand ready to deliver reliable services and products for this PTSC project. Moving forward we will explore further with PTSC for other areas of collaboration in their other projects to increase our revenue stream.”

Straits is principally engaged in oil trading and fuel bunkering services, ship management, port operation and management, inland transportation and investment holding activities.

Oil bunkering services involve the provision of refuelling marine fuel oil and marine gas oil through its vessels to other ships and ocean faring vessels such as oil tankers, container vessels, cargo vessels and cruise ships and currently, its 70% owned subsidiary TMD, operates in 15 ports in Malaysia.

 

 

Photo credit: Straits Energy Resources
Published: 14 December, 2021

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LNG Bunkering

PIL’s LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on LNG and low-sulphur fuel oil that helps reduce our greenhouse gas emissions.

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PIL's LNG dual-fuel boxship “Kota Elok” arrives in Singapore on maiden call

Singapore-based Pacific International Lines Pte Ltd on Monday (20 July) said its first 13,000 TEU LNG dual-fuel container vessel, Kota Elok, recently made her maiden call to Singapore on 15 July.

As the first of 13 new 13,000 TEU vessels joining its fleet, Kota Elok is equipped to operate on liquefied natural gas (LNG) and low-sulphur fuel oil that helps reduce our greenhouse gas emissions. 

The vessel also incorporated energy-saving features and digital technologies to reduce fuel consumption and enhance operational performance, as well as a bow windshield to improve aerodynamics, contributing to improved fuel efficiency and lower emissions over the course of long-haul voyages.

“Following Singapore, Kota Elok will continue her voyage on our East Coast Service 1 (ES1) route to South America, calling at ports in Brazil, Uruguay, and Argentina before returning to Asia,” the company said in a social media post. 

Kota Elok also became PIL’s first vessel to receive Lloyd’s Register certification for compliance with the IACS UR E26 and UR E27 cyber security requirements.

Developed by the International Association of Classification Societies (IACS), UR E26 and UR E27 are mandatory cyber resilience requirements for newbuild vessels contracted from 1 July 2024. 

 

Photo credit: Pacific International Lines
Published: 21 July, 2026

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LNG Bunkering

CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s alternative fuel bunkering infrastructure.

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CIMC SOE secures order for 12,000-cbm LNG bunkering vessel from Sinopec Clean Energy

China’s Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd. (CIMC SOE) recently signed a contract with Sinopec (Beijing) Clean Energy Co., Ltd. to build a 12,000-cubic metre (m3) LNG bunkering vessel, according to Chinese maritime media.

The vessel is scheduled for delivery in 2028 and will support Sinopec’s efforts to expand its presence in the marine clean energy sector.

Once operational, the vessel is expected to strengthen Sinopec’s domestic coastal LNG bunkering network and help address gaps in China’s LNG bunkering infrastructure.

With this signing , CIMC Pacific Offshore Engineering’s LNG bunkering vessel orderbook is further strengthened, maintaining its leading position in the global market for small and medium-sized LNG bunkering vessels.

The contract also marked another milestone for CIMC SOE, which has seen a sharp increase in orders and business performance this year amid a surge in domestic LNG vessel demand.

 

Photo credit: Nantong CIMC Sinopacific Offshore & Engineering
Published: 21 July, 2026

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Nuclear

ABS awards AiP to Korean institute for SMR-powered container ship concept design

KRISO says AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

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ABS awards AiP to Korean institute for SMR-powered container ship concept design

Korea Research Institute of Ships & Ocean Engineering (KRISO) on Thursday (16 July) received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for its concept design of a 15,000 TEU Small Modular Reactor (SMR)-powered container ship utilising Molten Salt Reactor (MSR) technology.

KRISO said the AiP recognises the technical feasibility and safety of its concept design, marking an important milestone toward the development of next-generation nuclear-powered commercial ships.

“This achievement demonstrates international recognition of KRISO’s technological capabilities in the rapidly evolving field of nuclear-powered shipping, supporting the transition toward low-carbon maritime transport,” it said. 

Building on this milestone, KRISO will continue advancing basic and detailed ship design, paving the way for future demonstration and commercialisation of SMR-powered vessels. 

Through continued R&D and international collaboration, KRISO remains committed to strengthening next-generation maritime technologies and contributing to the safe deployment of nuclear propulsion in the maritime industry.

 

Photo credit: Korea Research Institute of Ships & Ocean Engineering
Published: 21 July, 2026

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