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Straits' Labuan transhipment hub gets nod


has received the approval from Marine Department Malaysia for its unit Victoria STS (Labuan) Sdn Bhd 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, a 60%-owned subsidiary of Straits, it said in a statement yesterday.
“We are very excited about this new STS transhipment hub as it is a milestone, ” said managing director Datuk Seri Ron Ho Kam Choy in a statement.
Straits has over the years diligently established its comprehensive infrastructure and widened its customer base and this STS hub will kickstart Straits’ foray into the sustainable and alternative energy space. ....

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