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.
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