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Malaysia s Techfast Holdings Reports $535 Million Bunker Supply Deal by Ship & Bunker News Team Tuesday March 16, 2021 A subsidiary of 2.2 billion ringgit ($535 million). Techfast subsidiary Wise Marine with three years, the company said in an exchange filing on Monday. The fuels low sulfur fuel oil, low sulfur marine gasoil and high sulfur fuel oil will be priced at a premium to Singapore assessments from S&P Global Platts, and Techfast currently values the contract at about 2.2 billion ringgit based on current prices. Payment will be due 30 days after the bill of lading being issued for each shipment. Wise Marine is a supplier in ....
’s unit has secured a RM2.22bil contract from Singapore’s Wise Marine Pte Ltd to supply sulphur oil over three years. Techfast said in a filing to Bursa Malaysia on Monday its unit, Fast Energy Sdn had on March 12, entered into a supply agreement with Wise Marine to supply low sulphur fuel oil, low sulphur marine gasoil and high sulphur fuel oil to Wise Marine. Techfast will supply between 10,000 tonnes and 30,000 tonnes each month of the products to Wise Marine on the average price per tonne as reported by S&P Global Platts in Singapore (Mean of Platts Singapore). This includes an agreed premium throughout the contract period. ....