Straits Group provides oil trading & bunkering services via its subsidiary, Selatan Bunker (M) Sdn Bhd. Under the Collaboration Agreement, Selatan Bunker (M) Sdn Bhd and Tumpuan Megah Development Sdn Bhd agreed to jointly explore and develop the business of carrying out the provision of bunkering services for marine fuel, petroleum and petroleum-based products, comprising the operation as well as marketing and sales of bunkering services.
Selatan Bunker (M) Sdn Bhd is responsible for the sourcing and sale for the marine fuel, petroleum and petroleum-based product, where these products are sourced from Singapore and local supplier, and are supplied to ships off the ports for their own use. On the other hand, Tumpuan Megah Development Sdn Bhd is responsible for providing warehouse management expertise and logistics facilities which include shipping the products directly from the suppliers and delivering these products directly to the customers, with a service fee being levied on customers.
Straits Group offers the following bunkering services