KUALA LUMPUR: Straits Inter Logistics Bhd
’s subsidiary, Victoria STS (Labuan) Sdn Bhd, will commence operation of Asia’s largest STS Energy Transhipment Hub in the fourth quarter of this year
Victoria STS has received approval from the Marine Department to develop the hub. Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits.
In a statement, Straits Group managing director Datuk Seri Ron Ho Kam said the group has received numerous enquiries from both international and local companies that are interested in teaming up to develop the hub.
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