Summit Oil and Shipping Limited (SOSL) IPO Form and Result will be get from here, a
part of Summit Group, started its operation in 1998 as a private
company. SOSL was converted into a public company on 30 June, 2010.
The present authorised and paid up capital of the Company is Tk.200
crore and Tk.50 crore respectively.
The registered office of the Company is situated at the Summit Centre, 18 Karwan Bazar C/A, Dhaka–1215, Bangladesh.
SOSL was set up to transport Heavy
Fuel Oil (HFO) by coastal oil tankers owned by it in order to reach
the HFO at the power plant site of Khulna Power Co Ltd (KPCL) at
Khulna from its intermediary store at Chittagong. For the purpose,
SOSL executed a 15-year Transportation Agreement with United Summit
Coastal Oil Ltd (USCOL), the fuel supplier of KPCL, to render the HFO
transportation services.
The Company has also signed a
Memorandum of Understanding (MoU) with Oil Tanker suppliers to procure
two 16,000 to 20,000 MT ocean going tankers. These would be utilised
to transport HFO from Singapore and the Middle East for import of HFO
into Bangladesh.
In addition, SOSL has constructed a
liquid storage tank terminal of 7,600 MT capacity which is expandable
up to 20,000 MT capacity at Madangonj under the Narayangonj district
situated on 4.02 acres of land owned by SOSL which started
commercial operation on 20 February, 2011
Recently SOSL has executed a
Memorandum of Agreement with Mobil Jamuna Fuels Ltd, taking lease of
their 30,000 MT capacity storage tanks at Patenga, Chittagong. This
storage terminal would be used to store bulk HFO for different power
plants transported by SOSL’s own ocean – going vessels. From the
intermediary storage, SOSL would again transport the HFO upto
different plant sites by its coastal tankers.
SOSL implemented ISO 9002 Quality
Management System (QMS) in 2001. This is the first ISO 9002 certified
shipping company in Bangladesh."
