KUALA LUMPUR: Straits Inter Logistics Bhd (SILB) will provide fuel bunkering at Bintulu Port, expanding its business operations to nine seaports throughout Malaysia.
Today, SILB's unit Tumpuan Megah Development Sdn Bhd entered into a provision of bunkering services agreement with Bintulu Port Sdn Bhd for three years and renewable for another two years.
SILB's oil bunkering services involve refuelling marine gas oil and marine fuel oil through vessels to other ships and ocean faring vessels such as tankers, container and cargo vessels as well as holiday cruises.
SILB group managing director Datuk Seri Ho Kam Choy said the opportunity to collaborate with Bintulu Port would bring new dimensions to both parties’ infrastructures which will allow both parties to tap the vast potential in the bunkering industry.”
SILB is operating its business across eight seaports throughout Malaysia, namely; Pasir Gudang Port, Tanjung Pelepas Port, Kuantan Port, Kuala Terengganu Port, Kemaman Port, Labuan Port, Kota Kinabalu Port, and Miri Port.
In expanding its business footprint, SILB bought a 55 per cent stake in Tumpuan Megah Development in September 2018 and 38 per cent in Banle Energy International Ltd in February 2019.
These acquisitions enlarged SILB’s fleet size from two vessels to nine with 12 million litres capacity and opened up the gateway to tap the marine fuel oil trading market in Hong Kong, China and Taiwan.