Malaysia-listed Straits Inter Logistics Berhad (SIL), the parent of bunkering firm Tumpuan Megah Development Sdn Bhd (Tumpuan Megah), has changed its company name to Straits Energy Resources Berhad with effect from Thursday (19 August), it said.
The company’s securities on Bursa Malaysia will be traded and quoted under the new names with effect from 9.00 a.m., Tuesday, 24 August 2021.
Straits Energy Resources Group Managing Director Dato Sri Ho Kam Choy in early July said the purpose of the name change is to further reflect on the group’s fast-growing business as it explores more synergistic opportunities in the sustainable energy and alternative energy space.
Manifold Times earlier reported Straits Energy Resources receiving approval from Marine Department Malaysia on 30 July 2021 to commence operations to develop an integrated offshore Ship-to-Ship Transhipment Hub.
The company posted a 26% rise on year in profit for the quarter ended 31 March 2021.
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
Related: Malaysia: Straits Inter Logistics posts 26% rise on year in profit for Q1 2021
Photo credit: Esmonde Yong on Unsplash
Published: 20 August, 2021
Directors agreed to divest 43% of SMF’s shares to partner with official Bursa announcement in due course.
Khng held appointments as District Judge and Assistant Registrar at the Supreme Court of Singapore just prior to joining Helmsman, shares legal firm.
IBIA told MSC 106 that off-spec data from 2020 came across as ‘overly alarming’ for several reasons, noting that an “off-spec” fuel does not necessarily pose a significant safety risk to the ship.
2020 financial results have been delayed due to the COVID-19 pandemic and change of its auditors, amongst other reasons, it informs on a HKSE statement.
Plans to sell marine fuels business by 2020 as part of focus shift to ‘unlock sub-Saharan African trade corridors’.
On track to commence deliveries of compliant marine fuels for ExxonMobil Asia Pacific from Q1 2020.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
