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Straits Inter Logistics set to develop Asia's largest STS Energy Transhipment Hub, receives approval from Marine Department Malaysia
Jul 12, 2021 19:00 JST
Straits Inter Logistics Berhad, a Bursa Malaysia Listed Company, announced today that it has received approval from Marine Department Malaysia for Victoria STS (Labuan) Sdn Bhd ("Victoria STS") to develop an integrated offshore Ship-to-Ship (STS) Energy Transhipment Hub within the port limits of Victoria Bay, Labuan. Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits.
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