Straits partners with FCM to provide services

Straits group managing director Datuk Seri Ron Ho Kam Choy (pic)said the collaboration would kickstart the company’s foray into the sustainable and alternative energy space.

KUALA LUMPUR: Straits Energy Resources Bhd has tied up with Fendercare Marine (Asia Pacific) Pte Ltd (FCM) to provide ship-to-ship (STS) services at the port limit of Victoria Bay, Labuan.

Straits, which is principally engaged in oil trading and bunkering services, said in a statement yesterday, that its unit Victoria STS (Labuan) Sdn Bhd had signed a heads of agreement (HoA) with FCM.