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| Published：2019.02.27 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
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Li Ka-shing has invested heavily in building the world's largest ship-to-ship oil and gas center
According to sources, the inventory and supply center will be jointly developed by the little-known KA Petra Sdn Bhd and Li Ka-shing's Hutchison Port Group. It is estimated that the construction cost alone is as high as RM500 million. 8.23 billion yuan). The 2,800-acre site is located between the port of Tanjung Pelebas and the port of Johor Bahru. An executive of Hutchison Port revealed that Capita began to participate in the ship-to-ship business in 2005, for the port of Selangor, Malaysia, the port of Tanjung Buruaas, and the shore of the port of Johor Bahru, Johor. The foreign ship provides ship-to-ship MGO and MFO inventory and supply services. It is one of four companies that hold STS licenses issued by the Malaysian Ministry of Transport in Johor, providing STS services to the Port of Tanjung Pelebas and the Port of Singapore. According to the plan, this inventory and supply center can handle 30 VLCCs at the same time, while the existing ship-to-ship service can only handle 9 ships. After the completion of the inventory and supply center, Hutchison Port Group will hold 30% of the shares. It is understood that the center project will be developed by Jiabita Shipbuilding Center Pte Ltd, a wholly-owned subsidiary of Jiabita, and Hutchison Port Group will invest in this subsidiary. According to the Malaysian Companies Registry, Jiabita is a marine lubricant wholesaler that also provides shipping and oil and gas related business. In FY2017, Jiabita's after-tax profit increased by 170% to RM2.05 million (approximately RMB 3.37 million) and revenue of RM338.88 million (approximately RMB 554 million). Established in 1994, Hutchison Port Group is the world's leading port investment, development and operator. Hutchison Port Group's global network is located in Asia, the Middle East, Africa, Europe, the Americas and Australasia, with a total of 51 ports in 26 countries. With years of experience, Hutchison Port has expanded into other logistics and transportation related areas around the world, including cruise terminals, airports, distribution centers, rail services and ship repairs. In 2017, the container throughput of Hutchison Port reached 84.7 million TEUs. |
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