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Malaysia: Techfast starts oil trading unit, unveils bunker supplier ambition with proposed CCK Petroleum acquisition

Fast Energy Sdn Bhd is currently exploring collaboration with a major Malaysian bunker supply firm operating at Port Klang; the operation will be supported by CCK Petroleum upon finalisation.

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Malaysia-listed investment holding company Techfast Holdings Bhd is planning to enter the local bunkering sector with its newly established petroleum trading subsidiary Fast Energy Sdn Bhd (FESB), learns Singapore bunkering publication Manifold Times.

FESB, first starting out as a trading unit, is currently exploring collaboration opportunities with a major Malaysian bunker supply firm operating at Port Klang, states Techfast Executive Director Vincent Tan.

“Despite the pandemic, marine traffic remains high at Port Klang. We will be positioning FESB to capture a sizeable market share upon completion of the collaboration agreement with the local supplier,” he says.

Tan, meanwhile, notes Techfast’s foray into the bunkering sector will be boosted by a proposed 35% acquisition of local bunker trading firm CCK Petroleum Sdn Bhd – which is currently pending shareholders’ approval.

He is certain Techfast’s strong cash flow position will be able to support CCK Petroleum in capturing a bigger market share within the Malaysian bunkering sector.

“CCK Petroleum has been in the bunker industry for the past 10 years,” explains Tan.

“With its experience and network at all 13 major ports in Malaysia, the acquisition of CCK could elevate Techfast’s aim to be a prominent bunker supplier in Malaysia.”

As a starting point, Tan points out Techfast will be expanding CCK Petroleum’s current trading network to include other international ports after the proposed acquisition to the board has been approved.

“Lately, there has been a squeeze in the supply of bunkers at Malaysian ports due to the implementation of new bunker tanker requirements [double hull, double bottom],” he shares.

“This means existing bunker suppliers and bunker tanker operators will now have to invest in new vessels in order to meet the requirement to legitimately perform marine refuelling operations within Malaysian waters.

“For Techfast, we are happy to consider investments into new bunker tankers to capture market share.”

According to Tan, Techfast has been principally engaged in the production of self-clinching fasteners, electronic hardware and precision turned parts; it also produces mould cleaning rubber sheets and LED epoxy encapsulant materials.

The latest venture into the Malaysian bunkering and petroleum trading business now allows the company to diversify its earnings base and reduce exposure from the manufacturing business segment.

“Disruption caused by the current coronavirus pandemic has resulted in Techfast looking at new revenue streams for a diversified business portfolio,” says Tan.

“This is where the marine fuels sector comes in. The shipping industry is now in the midst of exciting times where it is entering an energy transition from traditional oil-based fuels to cleaner alternative energy sources due to the upcoming IMO 2030/2050 regulation.

“To explain, the International Maritime Organisation (IMO)’s initial GHG strategy aims to achieve a reduction of at least 40% by 2030 and 70% by 2050 [compared to 2008] for CO2 emissions per transport work in international shipping.

“As such, newbuilds, especially the larger vessels, are now opting for dual fuelled engines which can be powered by liquefied natural gas.

“This once in a lifetime change also provides an opportunity for Techfast to consider the possibility of venturing into the LNG bunkering sphere; after first establishing the bunkering business for traditional oil-based fuels.

“Moving forward, we are cautiously optimistic of the future prospects of CCK and the enlarged Techfast Group.”

Related: Malaysia: Techfast Holdings acquires 35% stake in bunker trading firm CCK Petroleum

 

Photo credit: Techfast Holdings
Published: 26 February, 2021

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Bunker Fuel

Singapore: Bunker fuel sales down by 3.8% on year in July 2026

4.73 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in July, up from 4.92 million mt recorded during the similar month in 2025.

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Singapore: Bunker fuel sales down by 3.8% on year in July 2026

Sales of marine fuel at Singapore port fell by 3.8% on year in July 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.73 million metric tonnes (mt) (exact 4,731,900 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in July, up from 4.92 million mt (4,918,000 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in July (against on year) recorded respectively 1.95 million mt (zero from 1.95 million mt), 2.33 million mt (-2.1% from 2.38 million mt), 1,600 mt (+100% from zero), 700 mt (-82% from 3,900 mt) and zero (from zero).

Singapore: Bunker fuel sales down by 3.8% on year in July 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in July, (against on year) recorded respectively 8,200 mt (-83.7% from 50,300 mt), 29,900 mt (-62.9% from 80,500 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 1,400 mt (-46.2% from 2,600 mt). 

LNG and methanol sales were 58,700 mt (+41.4% from 41,500 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 17 August, 2026

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Alternative Fuels

Ammonia, methanol bunkering workshops to be held at 13th Singapore Safety@Sea Week

Three workshops on ammonia bunkering, methanol bunkering, and crew safety awareness are part of MPA’s Safety@Sea Week, which will be held from 17 to 21 August.

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The Maritime and Port Authority of Singapore (MPA), together with industry partners, on Monday (17 August) launched several new initiatives to enhance maritime safety. 

Announced at the opening of the 13th Singapore Safety@Sea Week, these initiatives will support shared learning, strengthen operational capabilities, and prepare the industry for the safe adoption of new technologies.

Organised by MPA from 17 to 21 August, this year’s Safety@Sea Week is themed “All Hands on Deck – Safety First!”. About 1,500 participants from across the maritime community are expected to take part in 18 events organised by MPA and its partners. 

These include the Safety@Sea Symposium, featuring seven speakers across two panel sessions, and three workshops on ammonia bunkering, methanol bunkering, and crew safety awareness. 

Speaking at the opening, Mr Murali Pillai, Senior Minister of State for Law and Transport, highlighted three priorities for strengthening maritime safety: harnessing technology responsibly, preparing early for emerging risks, and keeping people at the centre of safety. He also underscored the importance of strong partnerships across the maritime community in building a strong safety culture.

At the opening of Safety@Sea Week, the National Maritime Safety at Sea Council and the Singapore Shipping Association launched the Singapore Near Miss Reporting System to encourage the reporting and sharing of lessons from near miss incidents.

Modelled on the internationally recognised Confidential Human Factors Incident Reporting Programme (CHIRP), the system provides sea space users with a confidential online channel to report near misses. CHIRP will independently receive the submissions and provide anonymised information to the Council, which will distil key safety lessons for sharing with the wider maritime community.

Note: More information about the event can be found here

 

Photo credit: Peter Nguyen on Unsplash
Published: 17 August, 2026

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Bunker Fuel

Alkagesta highlights key insights on European choke point pressures in August

Update covers dual supply crisis currently shaping global bunker markets — a stalled Strait of Hormuz peace process and Rhine water levels at a 140-year record low — and the implications for Singapore.

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Malta-based global commodity trading house Alkagesta recently shared latest market insight examining the dual supply crisis gripping global energy markets as diplomatic efforts to reopen the Strait of Hormuz stall and Rhine water levels fall to record lows, creating what the company describes as a “state of emergency” for European inland fuel distribution.

In an article published on Alkagesta Market Insights on 11 August, the company’s trading and market intelligence teams outlined how the convergence of two simultaneous logistical crises is tightening prompt fuel availability across Singapore, Northwest Europe, and the Mediterranean:

Strait of Hormuz transits fell to a near-one-month low of 13 ships on August 9 following an attack on an ADNOC-linked tanker, as both the US and Iran demand war reparations before any reopening agreement can be reached. Simultaneously, Rhine water levels at the Kaub chokepoint fell to 16 cm on August 10 — the lowest since records began in 1880 — with forecasts pointing to a further drop to just 4 cm by August 14, effectively halting barge traffic and trapping fuel oil stocks at the ARA hub.

The supply picture across both key hubs has deteriorated sharply. In Singapore, Middle Eastern fuel oil imports nearly tripled week-over-week to 328,878 mt by July 29 — the highest volume since March — providing some relief as onshore commercial heavy distillate stocks rose to a five-week high of 19.58 million barrels by August 5. However, July bunker fuel sales are estimated to have fallen 3.7% month-over-month to 4.44 million mt, with elevated premiums redirecting prompt demand toward alternative ports including Zhoushan and Port Klang.

In Europe, the VLSFO market remains acutely undersupplied as refiners continue to prioritize high-margin diesel over low-sulfur blending components, while the Rhine crisis has forced barges to operate at just 15–20% of normal capacity — with freight rates from Rotterdam to Karlsruhe rising more than 400% in two months.

Alkagesta’s strategic outlook points to a potential total breakdown in Rhine-linked inland distribution by mid-August, a VLSFO Hi-5 spread likely to remain above $200/mt through Q3, and a global crude market that analysts warn requires an additional 2.1 million b/d for 18 months to rebuild depleted inventories.

Note: The full article can be read here.

 

Photo credit: Alkagesta
Published: 17 August, 2026

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