Straits Inter Logistics Berhad and its subsidiaries (“Group”) was established as manufacturers and traders of cleanroom filters and other water filtration products. Our Group then expanded the trading of filtration-related products to include water filter cartridges and charcoal fines and granules, and the trading and distribution of fast moving consumer products.
In pursuing a long term sustainable business model that would contribute to positive returns, our Group diversified into oil bunkering and trading. In 2015, our subsidiary, Selatan Bunker (M) Sdn Bhd, commenced oil trading and bunkering via a collaboration agreement with Tumpuan Megah Development Sdn Bhd.
Bunkering services refers to the provision of marine fuels to ships, as well as other ocean faring vessels, such as oil tankers, container vessels, cargo vessels, cruise ships and ferries, as well as vessels utilised in the upstream oil and gas industry such as offshore support vessels, submersible and semisubmersible rigs and FPSO vessels.
Customer included REPSOL, PERDANA, BUMIARMADA, PETRA, VELESTO, ENSCO.
@ SmartInvestor887. Thanks for your information. I have yet to do a study on this counter and at the first sight i thought it is a land transportation company as the name implies 'inter logistic'. Actually is marine. Crude oil now is approaching US70.00
In 2015, our subsidiary, Selatan Bunker (M) Sdn Bhd, commenced oil trading and bunkering via a collaboration agreement with Tumpuan Megah Development Sdn Bhd. In 2016, Selatan Bunker (M) Sdn Bhd obtained the Petroleum Development Act License from Malaysia’s Ministry of Domestic Trade, Cooperative and Consumerism.
Bunkering services refers to the provision of marine fuels to ships, as well as other ocean faring vessels, such as oil tankers, container vessels, cargo vessels, cruise ships and ferries, as well as vessels utilised in the upstream oil and gas industry such as offshore support vessels, submersible and semisubmersible rigs and FPSO vessels. Bunkering can be broadly categorised into onshore bunkering and offshore bunkering, whereby marine fuel is typically pumped into vessels by refuelling vessels barges, product tankers or another ship in harbours, close to shore, or in open waters. Onshore bunkering involves the transfer of marine fuels on a shore-to-ship basis from an onshore facility, whereas offshore bunkering involves the transfer of marine fuels on a ship-to-ship basis.
Bunkering is essentially a marine logistics business, where industry growth is dependent on the volume of marine fuels distributed to end-users, which include amongst others, oil and gas vessels, marine cargo and bulk transporters, military and navy vessels. Thus, growth in global trade and marine transportation, increased activities in the upstream oil and gas industry, and supporting government policies will positively impact the bunkering services industry, benefiting industry players that offer bunkering services.
We currently own two vessels, namely Straits I and Sturgeon. We will continue to expand our fleet to fulfil business requirements and to best support customer needs.
Selatan Bunker (M) Sdn Bhd principally operates from the Pasir Gudang Port and Tanjung Pelepas Port.
Straits Group provides oil trading & bunkering services via its subsidiary, Selatan Bunker (M) Sdn Bhd. Under the Collaboration Agreement, Selatan Bunker (M) Sdn Bhd and Tumpuan Megah Development Sdn Bhd agreed to jointly explore and develop the business of carrying out the provision of bunkering services for marine fuel, petroleum and petroleum-based products, comprising the operation as well as marketing and sales of bunkering services.
Selatan Bunker (M) Sdn Bhd is responsible for the sourcing and sale for the marine fuel, petroleum and petroleum-based product, where these products are sourced from Singapore and local supplier, and are supplied to ships off the ports for their own use. On the other hand, Tumpuan Megah Development Sdn Bhd is responsible for providing warehouse management expertise and logistics facilities which include shipping the products directly from the suppliers and delivering these products directly to the customers, with a service fee being levied on customers.
Straits Group offers the following bunkering services
Whats wrong of selling this counter ??? After all the momentum is not that good. Only good counter has good momentum....so why waste yr money in this counter....dont be to emotional & attached. Price will move up & down...so chill... If u r holding gud luck ya
u all blind , cant u see , i been teling long time , it run by conman .... buy low dump high ...oil high , more ship , ports to opprate ... no dividend for long investor ...if u want to lose money pls invest in this company. this share worth 10 cent .look at chat and 1 day show .i wont say any more .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SmartInvestor8877
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Posted by SmartInvestor8877 > 2021-03-05 12:00 | Report Abuse
Buy warrant, still very cheap!!!!!