Straits unit inks agreement with Bintulu Port Sdn Bhd

by SULHI KHALID / graphic by MZUKRI

Tumpuan Megah Development Sdn Bhd (TMD), a subsidiary of Straits Inter Logistics Bhd has entered into a Provision of Bunkering Services agreement with Bintulu Port Sdn Bhd (BPSB) for a contract period of three years.

The contract saw TMD to operate, manage and provide bunkering services located at the General Cargo Anchorage within Bintulu Port water limit in Sarawak.

Straits Group Managing Director, Datuk Seri Ho Kam Choy said the collaboration between the two companies will create synergy on bunkering business.

“The opportunity to collaborate with Bintulu Port will bring new dimensions to both parties’ infrastructures which will allow both parties to tap the vast potential in the bunkering industry.” he said in a signing ceremony between Straits Inter Logistics Berhad and Bintulu Port Sdn Bhd today.

Late last year, Straits had completed its acquisition of 55% equity interest in TMD. The acquisition has enlarged the group’s fleet size from two vessels to nine vessels with a total capacity of 12 million litres.

Meanwhile, Bintulu Port Holdings Bhd Group CEO Datuk Mohammad Medan Abdullah said the introduction of fuel bunker services in Bintulu Port waters is in tandem with the group’s initiatives to become a World Class Port Operator and expanding its revenue streams.

“The introduction of fuel bunker services in Bintulu Port is befitting given the strategic location of the port to potential users spanning various industries plying through Bintulu waters,” said Mohammad Medan said.

BPSB believes the cooperation with TMD will not only benefit the port but also providing end users with a bunker facility alternative and ultimately cements the port’s position of becoming one of the bunkering hubs in the region.

At present, TMD is operating its business in eight ports in Malaysia, comprising Pasir Gudang Port, Tanjung Pelepas Port, Kuantan Port, Kuala Terengganu Port, Kemaman Port, Labuan Port, Kota Kinabalu Port and Miri Port.