LABUAN: Straits Energy Resources Berhad (Straits), a company listed on Bursa Malaysia, announced that Straits CommNet Solutions Sdn Bhd (SCS), an indi...
LABUAN: Straits Energy Resources Berhad , a company listed on Bursa Malaysia, announced that Straits CommNet Solutions Sdn Bhd , an indirect subsidiary of the company, has signed a memorandum of understanding with Megah Port Management Sdn Bhd , a 51% owned indirect subsidiary of Straits, for a project to transform the Labuan Port into a Smart Port.
Straits expects to invest a total of RM3.6 million into the initial two phases of the Smart Port Project. The first phase is expected to be completed in seven months, while the second phase of the project is expected to take an additional seven months. The Smart Port Project is expected to contribute positively to the Company’s financial performance in the fiscal year ending December 31, 2024 .
It is clear that in the future, every major port will be a smart port. With this investment, we are taking the first step into transforming Labuan Port into a world-class Smart Port, which will improve the future prosperity of Labuan. We look forward to working with the relevant authorities and industry partners to make this initiative a success.”
· IoT Integration: The implementation of IoT sensors to monitor cargo movement, cargo handling, and environmental drive conditions. This will improve the port management's ability to drive safety and efficiency.
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