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Malaysia's Techfast Holdings Forms Bunkering Joint Venture

Techfast subsidiary Fast Energy has signed a deal with bunkering companies Fultonn Marine and Wise Marine to jointly purchase a bunker tanker. ....

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Techfast aims big in oil trading and bunkering

Executive director Vincent Tan Wye Chuan told StarBiz that this is a timely opportunity for the company to enter the oil bunkering sector on the back of renewed optimism due to worldwide rollouts of Covid-19 vaccination programmes. (File pic shows a bunker supply ship loading fuel to a vessel.)
is banking on its new venture in the lucrative petroleum trading and oil bunkering business to secure more contracts and expand into international ports as global trade gains momentum.
Executive director Vincent Tan Wye Chuan told StarBiz that this is a timely opportunity for the company to enter the oil bunkering sector on the back of renewed optimism due to worldwide rollouts of Covid-19 vaccination programmes. ....

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Techfast Holdings Seeks Bunker Supply Expansion to Singapore and Hong Kong

Techfast Holdings Seeks Bunker Supply Expansion to Singapore and Hong Kong
by Ship & Bunker News Team
Monday April 26, 2021
Malaysian manufacturing firm
Techfast Holdings, which announced a diversification into the bunker business in January, is now seeking to expand its bunker supply capacity to
Singapore and
Hong Kong and is mulling a move into LNG bunkering.
As part of our growth strategies, we are eyeing expansion into international ports such as in Singapore and Hong Kong, Malaysian news provider
The Star cited
Vincent Tan Wye Chuan, executive director of Techfast, as saying on Monday.
The firm is also looking to buy its own bunker delivery vessels, and will seek to expand into LNG bunkering once its conventional fuel business has been established, The Star reported. ....

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Malaysia's Techfast Holdings Reports $535 Million Bunker Supply Deal

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 ....

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Techfast secures RM2.22b fuel oil contract from Singapore firm

’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. ....

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