Deal to supply diesel, bunkering services at Sabah Ports signed
Published on: Tuesday, March 20, 2018
SEPANGGAR: Sabah Ports Sdn Bhd has entered into a collaboration with Minyak V.W. Enterprise Sdn Bhd to supply diesel to calling vessels and port customers and provide bunkering services.Group Managing Director of Suria Group Ng Kiat Min said the collaboration is to add service value to the logistic supply chain."This initiative will ensure a systematic and uninterrupted flow of bunker is in place for the benefits of port users," she said at the contract signing ceremony between the two parties at Wisma Sabah Ports here, Monday.
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Minyak V.W. has placed a 500MT barge named Pulau Pelangi which serves as a floating refueling station near the Sabah Port Private Jetty for easy access and bunkering to customers. With the collaboration, bunkering service can be provided 24 hours daily to the convenience of all port users who need diesel supply for their operations.The provisional period will see MVW assumes all primary operations whereas sales and marketing of fuel from its Pulau Pelangi barge will be jointly conducted with SPSB."On a moderate scale, it is projected that the local shipping industry consumes between two to three million litres of bunker fuel on a monthly basis.
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"Under this collaboration, shipping lines and vessels are assured of a steady supply of quality bunker fuel at competitive pricing and monitored by the port operator," said Ng.She added that profit derived from the collaboration is marginal for the ports but nonetheless seen as a value add to the logistics supply chain.
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"It's important for SPSB to ensure a systematic and uninterrupted flow of bunker is in place for the benefit of port users by appointing MVW," she explained.Operations are expected to start next month.SPSB is a wholly-owned subsidiary of Suria Capital Holdings Berhad which was specially incorporated to take over the port undertakings from Sabah Port Authority on Sept 1, 2004.Speaking to the press later, Ng said that the physical works to expand and upgrade the Sepanggar Container Port near are likely to start end of this year."In terms of ground work, I understand they've started doing such as soil investigation and surveying. I also understand that they've engaged a consultant to do the design."So it looks like the physical construction works will start at the end of the year," she said.Stay up-to-date by following Daily Express’s Telegram channel.
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