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
Additional topics of bunker contamination and OCM services discussed at VPS’ Fuel Management Challenges – The Year of 2021 & Beyond webinar on 23 September; Manifold Times summarises the session.
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.