01OCT2010 - NEWS - Tumpuan Megah Development secures exclusive bunkering arrangement with Lumut port

Manifold Times was present at the signing ceremony between Straits Inter Logistics Berhad and Lumut Maritime Terminal Sdn Bhd in Malaysia on Tuesday:

Tumpuan Megah Development Sdn Bhd (TMD), the bunkering subsidiary of Malaysia-listed Straits Inter Logistics Berhad (Straits), on Tuesday (1 October) entered into a fuel bunkering services agreement with Lumut Maritime Terminal Sdn Bhd (LMTSB) – the operator of Lumut port which handles over 500 ships per annum.

The agreement, which has a contract period of one year commencing 1 October, with option for renewal, will oversee the establishment of “Pit-Stop Bunker Hub @ Lumut” a bunkering terminal set up for the business venture.

LMTSB has agreed to appoint TMD with the exclusive right to operate, manage and provide bunker services located at or within Lumut Port limit including but not limited to jetties/ wharfs, anchorage area and the designated Pit-stop Bunker area.

TMD has in turn obtained the appropriate Petroleum Development Act 1974 (PDA) licences from the Ministry of Domestic Trade and Customer Affairs (KPDNHEP) to commence marine fuel delivery services at Lumut.