Malaysia Moves Ahead with Bunker Island Development Project

Johor PortIllustration; Source: Pixabay

Malaysia’s Johor Port Authority has signed an agreement with special purpose entity Smart Crest to build a MYR 2 billion (USD 477 million) oil storage and ship refueling site off the country’s South-West coast.

The “Bunker Island Development” project will include the construction of two jetties and seven berths with a storage capacity of about 1.2 million cbm. It is expected to be completed in four years.

The Malaysian transport ministry noted that the facility would be built with the new IMO 2020 rules in mind and capable of supporting the use of cleaner maritime fuels, according to a Reuters report.

Malaysia’s Transport Minister, Anthony Loke Siew Fook, told media that developers were certain that the first phase of the project, the oil tank development, could be completed in two years and subsequently contribute to the funding of the second phase.

Johor Port Authority had signed a 30-year sublease agreement with Smart Crest, which is funding the development of the petroleum hub that Malaysia hopes could rival its neighbor state Singapore.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >