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Malaysia bunker supplier Straits Inter Logistics to take over Labuan Liberty Wharf

Commencement of operation services at East Malaysia terminal effective 1 April 2020 onwards over a period of six years, notes board in statement.

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Malaysia-listed oil trading and bunkering firm Straits Inter Logistics Berhad (SIL) on Monday (20 January) announced a letter of award from Labuan Port Authority (LPA) for the operation and facility management of Labuan Liberty Terminal (LLT) in the Federal Territory of Labuan for a period of six years.

“The commencement of such services shall take place from 1 April 2020,” noted the board in a statement.

LLT is situated on an island in East Malaysia. Its berths have a total length of 355.6 meters with alongside depths of between 4.6 meters and 10 meters, and can accommodate a deadweight tonnage of 16,000.

LPA was established in 2017, following the extension of the Bintulu Port Authority Act. Its core functions include overseeing the trade facilitation, and planning and development of LLT, as well as regulatory oversight of the facilities and services offered at the terminal.

Labuan port currently receives vessels carrying containers, dry and liquid bulk, general cargoes as well as oil and gas products.

SIL is the parent company of bunkering firm Tumpuan Megah Development Sdn Bhd, which has established marine refuelling services agreements with Bintulu Port Sdn Bhd and Lumut Maritime Terminal Sdn Bhd.

SIL posted an 83.4% jump in its third quarter (Q3) 2019 net profit due to a pick up in the oil and gas industry.

The company in early December announced Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud as its new non-independent and non-executive Chairman.

Related: Straits Inter Logistics appoints new Chairman to company board
RelatedMalaysia-listed Straits Inter Logistics post 83% on year jump in Q3 net profit
RelatedTumpuan Megah Development conducts first Lumut bunkering operations
RelatedTumpuan Megah Development deploys “Escolar” to support Lumut bunkering operations
RelatedTumpuan Megah Development secures exclusive bunkering arrangement with Lumut port
RelatedTumpuan Megah Development enters into bunkering agreement with Bintulu Port

 

Photo credit: Straits Inter Logistics
Published: 21 January, 2020

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Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.

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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China. 

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post. 

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service. 

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

 

Photo credit: Ocean Network Express
Published: 3 July, 2026

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Alternative Fuels

“Lucia Cosulich” enters final preparation ahead of bunkering operations

Following delivery of the ship in China, it will now enter the final preparation phase ahead of its next operational steps, strengthening Fratelli Cosulich’s ability to provide reliable bunkering solutions.

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“Lucia Cosulich” enters final preparation ahead of bunkering operations

Fratelli Cosulich Marine Energy on Thursday (2 July) celebrated the delivery of Lucia Cosulich at Taizhou Maple Leaf Shipyard in China.

The vessel is the second of four sister methanol-ready IMO II bunker tankers developed within the Group’s fleet expansion programme and follows the launching ceremony held on 2 May 2026.

Designed to support the Group’s bunkering operations and future fuel requirements, Lucia Cosulich is part of the new generation of vessels developed by Fratelli Cosulich Marine Energy to combine operational reliability, safety and fuel flexibility.

Lucia Cosulich will now enter the final preparation phase ahead of its next operational steps, further strengthening the Group’s ability to provide reliable bunkering solutions.

“We wish Lucia Cosulich and her crew fair winds on the next stage of her journey,” the company said. 

Related: Fratelli Cosulich launches second methanol-ready bunker tanker in China

 

Photo credit: Fratelli Cosulich
Published: 3 July, 2026

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Business

Glencore backs FincoEnergies’ biofuel growth with majority stake acquisition

With Glencore’s support, FincoEnergies is well positioned to continue expanding its offerings in biofuels across multiple transport segments and to increase its presence in new geographies.

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Dutch biofuel supplier FincoEnergies on Thursday (2 July) announced the completion of global commodities trader Glencore’s acquisition of a majority stake in the company, forming a partnership with Coloured Finches.

FincoEnergies said its fuel distribution and logistics infrastructure, customer relationships and expertise in downstream fuel transportation will be complemented by Glencore’s global scale, sourcing capabilities and experience across the energy value chain.

With Glencore’s support, FincoEnergies added it is well positioned to continue expanding its offerings in biofuels and decarbonisation solutions across multiple transport segments and to increase its presence in new geographies.

Jan-Willem van der Velden, FincoEnergies CEO and Founder, said: “Today marks an exciting next step for FincoEnergies. Glencore already knows our business well, and this builds on years of collaboration, trust and shared ambition. With Glencore’s support and global reach behind us, we are in a strong position to continue growing our business and supporting our customers as demand for lower-carbon fuel solutions continues to evolve.”

Maxim Kolupaev, Head of Glencore Energy UK, said: “Glencore’s investment in FincoEnergies strengthens the presence of our business in Northwest Europe and creates a strong platform for future growth. We are looking forward to continuing to work closely with the FincoEnergies team and building on the successful relationship we have already developed together.”

Manifold Times previously reported FincoEnergies signing an agreement with Glencore for the acquisition of a majority shareholding in the FincoEnergies Group in a partnership with Coloured Finches.

Related: Glencore acquires majority stake in Dutch biofuel supplier FincoEnergies

 

Photo credit: FincoEnergies
Published: 3 July, 2026

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