I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Thursday, 8 December 2011

Rotary, Msia's Benalec in deepwater oil storage terminal jv

By ANGELA TAN


Benalec Holdings Berhad and Rotary Engineering Limited jointly announced today the signing of a Memorandum of Understanding (MOU) to develop an independent deepwater storage terminal for oil products in Tanjung Piai, south-western tip of Johor, Malaysia.

With an initial capacity of 1 million cubic metres, with subsequent phases to increase capacity to 3 million cbm on the total reclaimed land area of 250 acres, the proposed terminal will be a petroleum storage facility for storing, blending and distributing crude oil and its derivatives.

The integrated storage facility will be completed with deepwater jetty facilities capable of handling very large crude carriers (VLCCs).

The two companies will jointly embark on a technical feasibility study, after which they will form a joint venture company by participating in taking equity ownership and development of the first 1 million cubic metres oil storage terminal as well as other terminal projects.





Posted by Createwealth8888 at 19:28
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