Hutchison Ports to develop world’s biggest STS transfer hub
Leading Malaysian STS transfer operator KA Petra will have a 70% interest in the new terminal while Hutchison Ports will take a strategic 30% stake. The project is expected to cost between $150m and $180m
The facility will have a storage capacity of more than 9m metric tonnes of petroleum products, located on 2,800 acres of space in Johor Bahru Port waters
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