TMD Energy Ltd. Stock Analysis TMDE

TMD Energy Ltd. is a holding company, which engages in the supply and market of marine gas and fuel oil. The firm provides marine fuel bunkering services in the supply and marketing of marine gas oil and marine fuel oil, which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. The company is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. The company operates over 15 well-maintained bunkering vessels and operates in 19 ports in Malaysia, including Lumut Port, Penang Port, Malacca Port, and others. Its range of bunkering services caters to various types of seafaring vessels, including container vessels, oil tankers, cruise ships, and accommodation work barges such as floating production storage and offloading units and floating storage and offloading units, supply and support vessels such as platform supply vessels and research vessels. Its offshore structures include semi-submersible rigs, jackup rigs and drillships.