Malaysia

*Launch in March 2025*

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Storage Demand

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      Even after the pandemic hit the world in 2019, there has been a rising demand in storage facilities across the world. We have identified that there is evergreen demand in the South-East Asian region
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      All the available floating vessels are fully booked at the port of Tanjong Pelepas, Malaysia and the port has stopped taking new vessels.
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      Now Port Dickson is accepting vessels to be as floating storage in the region, and this is the      opportunity being proposed. We would like to fill the demand in this region and have an Aframax vessel as a floating storage, serving to the demand in the region.

    UPG is currently handling two buyers for Gasoil EN590 – 10ppm

    • 200,000 MT monthly - Tanjong Pelepas
    • 50,000 MT monthly to East CAPE, South Africa (blending will be done at Al Fujairah)
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Solution

We propose to purchase one Aframax class oil tanker to be used as a floating storage unit in the Melaka port region. Aframax vessels have a capacity of storing 100,000 MT cargo on board..

Activities include:

  • >STS Operations(Ship-To-Ship cargo transfer)
  • >Plot Rental
  • Marine Support service
Length (Over all)249.0m
Depth (moulded)21.2m
Deadweight115,482mt
Breadth (moulded)44.0m
Gross Tonnage61,991t

STS Location

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Longitude 101° 44.65’ East

Latitude 02˚ 30.30’ North

Approved cargoesto perform transshipment at the location:

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Marine Diesel Fuel

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Fuel Oil

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Crude Oil

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Gas Oil

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Liquefied Natural Gas

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Gas image Liquefied Petroleum Gas

Storage Demand


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      A similar model of Malaysian Operation can be replicated for operations at South Africa.
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      Supply will be from Al Fujairah Tanks
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      Verified buyers with financial capability available
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        There is a huge demand in the South African continent due to the shortage in supply in the region
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        NAMCOR (The Namibia govt entity) is willing to purchase petroleum products from us.
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        PETRO SA (South African Govt Entity) always float tenders. Our partner in South Africa is a  registered  Vendor. We can supply on a regular basis.
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