Malaysia Eyes Singapore Bunker Traffic with New Port and MoU

A new Memorandum of Understanding (MoU) between Toyota Tsusho Petroleum and T.A.G. Marine may help Malaysia’s planned 12.5 billion ringgit ($2.84 billion) Kuala Linggi International Port (KLIP) to scoop some of the Singapore’s bunker traffic, Reuters reports.

Singapore-based Toyota Tsusho Petroleum is said to have recently signed the agreement with port operator T.A.G. Marine, one of the companies responsible for KLIP’s development, to explore bunkering at the planned port.

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