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Straits Inter Logistics appoints new Chairman to company board

Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud takes up new position effective 1 December, 2019.

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Malaysia-listed oil trading and bunkering firm Straits Inter Logistics Berhad (Straits) on Sunday (1 December) announced Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud as its new non-independent and non-executive Chairman.

Datuk Seri Tengku Baharuddin is currently a Director of Straits subsidiary Tumpuan Megah Development Sdn Bhd and other private firms, said Straits in a Bursa Malaysia filing.

Tan Sri Mohd Bakri Mohd Zinin, the former Non-Executive Chairman of Straits, will now be repositioned as the company’s Non-Executive Director.

Straits posted an 83.4% jump in its third quarter (Q3) 2019 net profit due to a pick up in the oil and gas industry.

The substantial increase in revenue during Q3 2019 was mainly due to developments at Tumpuan Megah.

Tumpuan Megah, on earlier occasions, entered into bunkering services agreements with Bintulu Port Sdn Bhd and Lumut Maritime Terminal Sdn Bhd.

Related: Malaysia-listed Straits Inter Logistics post 83% on year jump in Q3 net profit
RelatedTumpuan Megah Development conducts first Lumut bunkering operations
RelatedTumpuan Megah Development deploys “Escolar” to support Lumut bunkering operations
RelatedTumpuan Megah Development secures exclusive bunkering arrangement with Lumut port
RelatedTumpuan Megah Development enters into bunkering agreement with Bintulu Port

Photo credit: Straits Inter Logistics Berhad 
Published: 2 December, 2019

 

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Winding up

Singapore: Liquidators arrange creditors meeting for Otto Marine Limited

Meeting will be held from 3pm on 24 July at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095, according to Government Gazette notice.

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A meeting for creditors of Otto Marine Limited, which is in liquidation, has been scheduled to take place on 24 July, according to a Government Gazette notice on Thursday (11 July). 

The meeting will be held from 3pm at 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095

The agenda of the meeting will be as follows:

  • To update on the liquidation administration;
  • To approve the Liquidators’ fees and disbursements;
  • To approve the declaration of preferential dividend(s) pursuant to Section
  • 328(1)(b) to 328(1)(f) of the Companies Act, Cap. 50;
  • To consider and if thought fit, to appoint a committee of inspection; and
  • Any other business.

The details of the liquidators are as follows: 

Chee Yoh Chuang
Lin Yueh Hung
Liquidators
c/o 8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095

 

Photo credit: steve pb from Pixabay
Published: 12 July, 2024

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LNG Bunkering

Titan completes first STS LNG bunkering operation in Cuxhaven

Port of Cuxhaven in Germany had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth, says Titan.

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Titan completes first STS LNG bunkering operation in Cuxhaven

LNG bunker fuel supplier Titan on Thursday (11 July) said it completed the first-ever LNG bunkering operation by ship in the port of Cuxhaven.

Titan’s bunker vessel Optimus successfully delivered LNG to dredger Vox Ariane operated by its long-term client Van Oord. 

“Our ship-to-ship bunkering in Cuxhaven represents a pioneering step in the region's LNG infrastructure development, as the port had previously only seen LNG operations conducted via truck and currently only permits LNG bunkering at one berth,” it said in a social media post. 

“LNG infrastructure development is part of a broader trend, with more ports across Germany adopting LNG operations to support shipping’s clean fuels transition.”

Titan added the improved LNG bunkering capabilities in Cuxhaven, a Niedersachsen Ports GmbH & Co. KG port, also opened up the pathway to maritime decarbonisation via liquified biomethane (LBM) and then renewable e-methane going forward.

 

Photo credit: Titan
Published: 12 July, 2024

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LNG Bunkering

UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Firm said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier in the Port of Drammen, Norway.

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UECC “Auto Achieve” receives first LNG bunker fuel delivery by barge in home country

Norwegian roll-on/roll-off shipping line United European Car Carriers (UECC) on Wednesday (10 July) said it received the first ever supply of LNG by barge to their multi-fuel LNG battery hybrid car carrier Auto Achieve in the Port of Drammen on 4 July.

The firm said this was the first time UECC received LNG by barge to any of their vessels in their home country Norway. 

“We also believe that it was the first time LNG was delivered by barge to any vessel in Drammen, and most likely the entire Oslofjord,” UECC said in a social media post.

The LNG was supplied by the Molgas Energy Holding vessel Pioneer Knutsen, owned by Knutsen Group OAS.

“UECC is very pleased to see the expansion of the LNG barge network in Norway,” it said. 

 

Photo credit: UECC
Published: 12 July, 2024

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