Straits Energy Resources Bhd
MMYX:STRAITS0.03
MYR
0.00
(0.00%)
Straits Energy Resources Bhd
MYX:STRAITS
(Bursa Malaysia)
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0.03
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ROIC.AI
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- Business
- Straits Energy Resources Bhd is an investment holding company that provides marine bunkering and logistics, port management, telecommunication network infrastructure, inland transportation, and clean energy solutions across Malaysia, Singapore, Hong Kong, Mainland China, and international maritime corridors. The company operates through five core business segments: Marine Gas Oil and Bunkering Services, Port Management and Marine Services, Telecommunication and Network Services, Inland Transportation and Logistics, and Renewable Energy. Its primary products and services include ship-to-ship marine fuel trading and bunkering of marine gas oil, low sulphur fuel oil, ultra-low sulphur fuel oil, and heavy marine fuel oil; offshore support vessel chartering, coastal logistics, and marine technical management; comprehensive port terminal management, container handling, liquid bulk storage, and stevedoring services at Labuan Port; 4G and 5G telecommunication network engineering, fiber-optic cable installation, wireless infrastructure maintenance, and Internet of Things enterprise connectivity solutions; freight forwarding, bonded trucking, customs clearance, and inland warehousing; and commercial solar photovoltaic design, engineering, procurement, construction, and commissioning services. In recent strategic developments, the company expanded its Asia-Pacific marine logistics footprint following the public listing of its marine bunkering subsidiary CBL International Limited on the Nasdaq Capital Market; introduced eco-friendly B24 biofuel bunker fuel supply services to support international maritime decarbonization initiatives; formed strategic commercial alliances via Straits CommNet Solutions Sdn Bhd to accelerate nationwide 5G infrastructure deployment and smart digital connectivity in Malaysia; and consolidated its port operations and marine infrastructure management agreements through its subsidiary Megah Port Management Sdn Bhd. Straits Energy Resources Bhd was incorporated in 1996 and is headquartered in Petaling Jaya, Malaysia.