Straits Inter Logistics Berhad
|Straits Inter Logistics Berhad|
|B-07-06 Plaza Mont Kiara|
|2, Jalan Kiara|
|50480 Kuala Lumpur|
|+603 6 419 1266|
|+603 6 419 1267|
About Straits Inter Logistics Berhad
Straits is principally engaged in investment holding activities and the provision of management services.
Straits Group was established as manufacturers and traders of cleanroom filters and other water filtration products. Straits Group then expanded the trading of filtration-related products to include water filtration cartridges and charcoal fines and granules, and the trading and distribution of fast moving consumer products.
On 14 September 2015, Selatan Bunker (M) Sdn. Bhd. was incorporated as a subsidiary of Straits, with Straits holding a 51.0% stake in the company, to allow Straits Group to diversify into the oil trading and bunkering business segment. This was in line with Straits Group’s strategy to pursue a long term sustainable business model that would contribute to positive returns. Subsequently, Selatan Bunker (M) Sdn. Bhd. entered into a collaboration agreement with Tumpuan Megah Development Sdn. Bhd. on 29 December 2015, which was then supplemented on 6 March 2017 (“Collaboration Agreement”). This marked Straits Group’s foray into the oil trading and bunkering business segment.
In 2016, Selatan Bunker (M) Sdn. Bhd. was licenced under the Petroleum Development Act (“PDA”) 1974 (“PDA licence”) for bunkering services, allowing it to operate from the Port of Pasir Gudang / Johor Port and the Port of Tanjung Pelepas. Both the PDA licences were issued by the Ministry of Domestic Trade, Cooperative and Consumerism.
In 2017, Straits Group acquired two vessels, namely Sturgeon and Straits 1, to support its oil trading and bunkering business. The acquisition of these two vessels enhanced Straits Group’s competitiveness in the oil bunkering business by having its own operating vessels to generate revenues from marine bunker sales; allowed Straits Group to have greater control over its oil bunkering operations whereby vessel scheduling based on location and operations can be optimised based on its requirements for greater efficiency and productivity; and increased Straits Group’s bunkering capacity for its oil bunkering business to help ensure uninterrupted services to its customers, thereby mitigating the risk of cancellation of lease agreements for vessel chartering by its lessor or owner.
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