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News / Business/ Straits Inter Logistics confirms takeover of Labuan Liberty Terminal

Straits Inter Logistics confirms takeover of Labuan Liberty Terminal

28 Jan 2020
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The Board of Malaysia-listed oil trading and bunkering firm Straits Inter Logistics Berhad (SIL) on Friday (24 January) said it has accepted Labuan Port Authority’s Letter of Award dated 20 January 2020.

SIL provided additional information on Thursday stating it will be responsible for the operation and facility management of Labuan Liberty Terminal in the Federal Territory of Labuan.

The company will, “derive revenue from the activities and services rendered such as Container Operations, Break Bulk (Warehouse/ Container Freight Station/Open Yard), Berthing and Mooring, Harbour Tug Services, Stevedoring, Bunkering, Ship Chandelling, etc to Container and Conventional Vessels such as Bulk Carrier, General Cargo Ship, Tanker, Car Carrier and Fishing Vessel Operators.”

SIL noted it won the award via Open Tender and will provide lease rental payment to Labuan Port Authority in accordance with the submitted Tender documents.

The sum of lease rental payment and lease deposit payable to Labuan Port Authority will be disclosed by SIL upon execution of the Definitive Agreement, subject to consent by Labuan Port Authority.

It will make further announcement on the signing of the Definitive Agreement with Labuan Port Authority at a late date.

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Photo credit: Straits Inter Logistics
Published: 28 January, 2020

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