Petronas signs memorandum of agreement with Bintulu Port
Petroliam Nasional Bhd (Petronas) said Bintulu Port Holdings Bhd will offer marine services to support Petronas’ liquefied natural gas (LNG) storage tank gassing up and cooling down (GUCD) operations at Sarawak’s Bintulu Port for three years. Petronas said in a statement today its subsidiary Petronas LNG Ltd recently signed a memorandum of agreement with Bintulu Port Holdings subsidiary Bintulu Port Sdn Bhd. According to Petronas, the GUCD service aims to bring storage tanks on LNG carriers into a natural environment before the tanks are cooled to cryogenic temperature (minus 160 degrees Celsius). “The (GUCD) services at the Bintulu Port will commence in 2018, positioning Bintulu as one of the premier LNG hubs and making it one of the few terminals in the world to offer this facility. The LNG for gassing up services will be supplied from the Petronas LNG Complex in Bintulu. “In supporting the GUCD services, Bintulu Port will provide port and maritime services with attractive rates which will provide cost savings to the LNG vessel operators,” Petronas said. In a separate statement, Petronas said Petronas LNG signed a two-year service agreement with Argo Engineering Sdn Bhd and Eastport Marine Sdn Bhd to provide LNG ship-to-ship transfer services in Labuan. “The ship-to-ship transfer is the transfer of LNG between two vessels positioned alongside each other. Ship-to-ship transfer allows flexibility of cargo delivery especially for small-scale LNG requirements,” Petronas said. Source: The Edge Markets
Bintulu Port to gain from press metal plant expansion
Bintulu Port Holdings Bhd (Bintulu Port) is expected to benefit from Press Metal Bhd’s (Press Metal) increase in production at its Samalaju aluminium smelter. To recap, Press Metal had announced that it will double the capacity at its Samalaju aluminium smelter plant to 640,000 metric tonnes (MT) under a Phase 3 expansion programme. According to AmResearch Sdn Bhd (AmResearch), Press Metal could utilise two-thirds of the additional 320,000MT capacity by 2016, and the remainder by early 2018. It noted that land clearing works have begun on the site. “This is positive news for Bintulu Port, which is already benefiting from Press Metal’s plant in Samalaju,” the research house said. AmResearch noted that currently, Bintulu Port’s throughput include about 860,000MT and 18,000 TEUs of alumina, aluminium, anode carbon and other cargo from Press Metal.
Bintulu Port expects positive growth from port expansion
Bintulu Port Holdings Bhd (Bintulu Port) is poised to see growth via liquefied natural gas (LNG) as its major cargo handled for the total cargo throughput in 2013 and 2014, the company said in its press release. The port handler is also expected to see steady growth of palm oil products cargo this year, which is estimated to continue in line with the increase in palm oil plantation in Sarawak. In addition, the dry bulk sector is set to see encouraging growth for the next two years and is expected to contribute positively to Bintulu Port. “For 2013 and 2104, the outlook seems to be promising with overall modest growth in cargo throughput with certain cargo sector showing strong growth potential,” the port operator said in an interview with The Borneo Post.Upload News