Straits Inter Logistics partners Petronas Dagangan to supply marine fuel

KUALA LUMPUR (Bernama) -- Straits Inter Logistics Bhd said its 70% owned-subsidiary, Tumpuan Megah Development Sdn Bhd (TMD), has partnered Petronas Dagangan Bhd (PDB) to provide marine fuel oil to vessels within all ports in Malaysia.

Straits Inter Logistics said this venture would be hugely synergistic and value-adding to both parties.

"Through Straits Inter Logistics wide established network and large vessels fleet, PDB will be able to supply marine fuel oil to all its customers comprising mainly container liners within the ports of Malaysia,” it said in a statement today.

Group managing director Datuk Seri Ho Kam Choy said this tie-up marked a significant milestone for the company as it has brought two strategic companies together for collaboration on provision of marine fuel oil to the many vessels in Malaysian waters.

"We are very proud to be given the opportunity by an established and reputable company like PDB to work with them to further grow and tap the vast marine fuel oil market in Malaysia,” he said.

He said this initiative would allow further business expansion for both parties and to enhance users’ experience.

Straits Inter Logistics is principally engaged in oil trading and fuel bunkering services, ship management, port operation and management, inland transportation and investment holding activities.

At present, TMD operates in 15 ports in Malaysia which include Lumut Port, Pasir Gudang Port, Tanjung Pelepas Port, Johor Bahru Port, Kuantan Port, Kemaman Port, Kuala Terenganu Port and Labuan Port.

The company currently has an enlarged fleet size of 14 vessels plying within the ports that it is operating.