Straits completes first-ever ship-to-ship crude oil transfer

KUALA LUMPUR: Straits Energy Resources Bhd’s unit Victoria STS (Labuan) Sdn Bhd has completed a ship-to-ship (STS) crude oil transfer operation for the first time ever at Victoria Bay, Labuan.

Victoria STS chief executive officer Benjamin Bernard Bijon said that the first-ever STS transfer in Labuan water augured well for the development of the island’s maritime-related activities.