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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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Environment

Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Vessel sank while carrying about 1,000 mt of waste oil on 12 January 2025; the wreck was discovered in March 2025 and was found to have drifted about 13 nautical miles from its original sinking site.

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Indonesia to expedite removal of sunken Malaysia-flagged tanker “Silver Sincere”

Indonesia’s Coordinating Ministry for Political and Security Affairs on Tuesday (14 July) held a cross-agency coordination meeting to expedite efforts in handling the Malaysian-flagged tanker Silver Sincere that sank off Bintan Regency, Riau Islands.

The vessel sank while carrying about 1,000 metric tonnes (mt) of waste oil on 12 January 2025. 

According to authorities, the ship sank within Indonesian waters. After several surveys, the wreck was finally discovered in March 2025 and it was found to have shifted approximately 13 nautical miles from the initial sinking location.

The meeting was aimed to align cross-ministerial and institutional measures to expedite the handling of the Silver Sincere wreck while minimising risks to shipping safety, the marine environment, and national interests.

Deputy for Coordination of State Defense and National Unity Purwito Hadi Wardhono emphasised that the handling of the impact of the Silver Sincere sinking was the first case to be comprehensively coordinated, serving as a model for handling foreign vessels sinking within Indonesian jurisdiction.

Through this cross-sectoral coordination, the government will establish a clear and measurable framework that can serve as a reference for resolving similar cases in the future, while minimising state losses due to environmental pollution, damage to underwater ecosystems and infrastructure, and disruption to shipping lanes.

“The most important thing is to immediately stop and prevent the negative impacts of this ship sinking,” Purwito said.

“Therefore, a coordinating role is crucial, as maritime security governance involves various ministries and institutions with varying authorities, allowing for faster, more integrated, and more effective response,” he said. 

He added that the Silver Sincere was a Malaysian-flagged vessel that sank within Indonesian jurisdiction, and therefore, all handling processes must comply with the provisions of Indonesian laws and regulations.

In the meeting, Prof. Eko Ganis Sukoharsono, representing the SAE Energy Consulting Team, presented the results of an analysis based on 14 observation periods using Sentinel-1 Synthetic Aperture Radar (SAR) satellite imagery. 

The analysis results showed strong indications of a waste oil spill that has resulted in marine pollution, damage to the seabed due to shifting shipwrecks, disruption of coastal ecosystems and fishing grounds, and potentially threatening the livelihoods of fishing communities around the Riau Islands. 

Purwito added these findings further emphasise the importance of accelerating the removal of the shipwrecks to prevent widespread environmental impacts, maintain shipping safety, and avoid the potential for greater state losses.

The meeting brought together representatives of related ministries and institutions including the Ministry of Foreign Affairs, Ministry of Defense, Ministry of Transportation, Ministry of Maritime Affairs and Fisheries, Ministry of Environment, Attorney General’s Office.  

Related: MPA: Malaysia-registered tanker “Silver Sincere” sinks off Pedra Branca

 

Photo credit: MarineTraffic / Julian T
Published: 20 July, 2026

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LNG Bunkering

Singapore: FueLNG achieves 800th LNG bunkering operation milestone

Bunker tanker “FUELNG Venosa” delivered LNG marine fuel to bulk carrier “MV Ubuntu Humanity” at Eastern Bunkering A Anchorage (AEBA) on 11 July.

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Singapore: FueLNG completes 800th LNG bunkering operation

Singapore’s licensed LNG bunker supplier FueLNG on Friday (17 July) announced the successful completion of its 800th LNG bunkering operation in the republic.

The company said bunker tanker FUELNG Venosa delivered LNG marine fuel to bulk carrier MV Ubuntu Humanity at Eastern Bunkering A Anchorage (AEBA) on 11 July. 

“This achievement is more than just a number,” FueLNG said.

“It reflects the trust our customers place in us, the dedication of our operations team, the professionalism of our marine partners, and our unwavering commitment to safe, efficient, and reliable bunker deliveries.” 

Manifold Times previously reported FueLNG completing its 500th LNG ship-to-ship (STS) bunkering operation.

Related: Singapore: FueLNG achieves milestone of 500th STS LNG bunkering operation

 

Photo credit: FueLNG
Published: 20 July, 2026

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Methanol

Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 mt annually.

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Western Baltic Engineering unveils green methanol bunkering vessel design for Klaipėda

Ship design and engineering service provider Western Baltic Engineering on Thursday (16 July) showcased its latest concept design for a green methanol bunkering vessel, developed for the operational needs of the Port of Klaipėda.

Designed for flexible operations in shallow waters and local bunkering routes, the concept features an 800-metric-tonne green methanol capacity and the potential to supply up to 250,000 metric tonnes (mt) annually. 

“It is Western Baltic Engineering’s first concept dedicated exclusively to green methanol bunkering, expanding our portfolio of alternative-fuel vessel solutions,” the company said in a social media post.

“Building on our experience in methanol-ready vessel design, it reflects our continued focus on enabling the industry’s transition to cleaner fuels.”

“As the maritime sector evolves, engineering companies have a responsibility not only to respond to market needs but also to anticipate future challenges,” said Marius Arkusauskas, Director at Western Baltic Engineering.

“By exploring emerging technologies and alternative fuel applications, we help our partners prepare for the next generation of maritime operations while contributing to a more sustainable future.”

 

Photo credit: Western Baltic Engineering
Published: 20 July, 2026

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