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Straits Inter Logistics expands with additional vessel for HSFO

Trafigura, Frontline and Golden Ocean in new bunker supply JV

A subsidiary of Malaysia-based Straits Inter Logistics (SIL), Sierra Pioneer Marine, has bought an additional bunker tanker, the Guo Kang No 1, from Singapore-based Ocean World Inc for US$1.6 million.

Sierra is an investment holding company and a 51% owned subsidiary of Straits Marine Fuels & Energy (SMF) which itself is a 67% owned subsidiary of SIL.

According to the company, the acquisition of the 2006-built, 2,169 dwt tanker will enable it to meet increasing demand for HSFO in Malaysian ports and will add to its current 11 strong bunker fleet. The company operates in eight Malaysian ports.

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