Home   |  News  |  Features  |  Media Pack  |  Contact

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Techfast to buy bunker barge

Malaysia-based components manufacturing group Techfast Holdings is expanding into bunkering activities and has been contracted, under two separate agreements, to supply up to 50,000 tonnes of bunker fuel to Singapore-based Wise Marine.

Techfast also plans to buy acquire a bunker barge for supplying at Port Klang.

Deliveries commenced in April, with a supply of 10,000 tonnes according to Techfast.

 

“Our volume of marine oil fuels supplied has been limited by the availability of bunkering vessels,” Techfast executive director Vincent Tan Wye Chuan said in a statement

“Hence, we have decided to enter into a strategic joint venture, whereby Techfast will fund the purchase of a bunkering vessel to increase our capacity to handle larger supply volumes.”

 

“With the new vessel, we are able to expand the group’s supply capacity and deliver marine fuels of up to 50,000 tonnes per month to Wise Marine. This will enable us to secure a larger share of the oil bunkering market in Port Klang, enhancing our revenue streams,” said Tan.

Get in touch

Contact one of the World Bunkering team.

Constructive Media

Constructive Media
50 George Street,
Pontypool
NP4 6BY

Tel: 01495 740050
Email: ibia@constructivemedia.co.uk



On behalf of :

IBIA Ltd Office 239
New Broad Street House
35 New Broad Street
London, EC2M 1NH
United Kingdom

Tel: +44 (0) 20 3397 3850
Fax: +44 (0) 20 3397 3865
Email: ibia@ibia.net
Website: www.ibia.net

Emails

Publisher & Designer: Constructive Media - ibia@constructivemedia.co.uk
Editor: David Hughes - anderimar.news@googlemail.com
Deputy Editor: Unni Einemo - unni@ibia.net
Project Manager: Alex Corboude - alex@worldbunkering.net

Terms & Conditions | Copyright © 2021 World Bunkering

- Online IBIA Bunker Training Course -