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Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time charter contracts with SeaRiver Maritime LLC (SRM), a wholly-owned subsidiary of ExxonMobil, for two more Liquefied Natural Gas (LNG) carriers. The agreement brings the total number of contracts with SRM to four LNG carriers.
MISC, through the above subsidiaries, have also signed an agreement with a reputable shipbuilder for the construction of the LNG carriers in South Korea. These 174,000 cubic metres (cbm) LNG carriers will be chartered by SRM for a firm period of 10 years. They will be equipped with eco- efficient technologies such as X-DF 2.1 engines with Intelligent Control by Exhaust Recycling (iCER) System and Air Lubrication System which will contribute to the reduction of greenhouse gas (GHG) emissions.
Eaglestar Shipmanagement Gas (S) Pte. Ltd., a global integrated marine services provider, will be appointed to provide project management services during the shipbuilding phase, and to take charge of the operationalisation and shipmanagement of the vessels when they are delivered in 2026.
MISC’s President/Group Chief Executive Officer, Datuk Yee Yang Chien said “We are truly honoured with SRM’s continuous trust and recognition of MISC’s capabilities and expertise. MISC has been consistently stepping up our efforts by adopting innovative and responsible practices in our operations to support the maritime industry’s decarbonisation goals. The range of eco-efficient technologies that will be implemented on these new LNG carriers reflect our continuous commitment towards promoting a greener and more sustainable shipping industry.”
Datuk Yee added “The LNG shipping industry has evolved in line with the priorities of the global energy transition. MISC is proud to play a vital role to support the growing demand for cleaner energy, by ensuring safe, reliable and efficient marine transportation of LNG to our customers all over the world.”
In 2019, MISC secured 15-year time charter contracts for two LNG carriers from SRM. These vessels are currently under construction in South Korea and slated for delivery in the first quarter of 2023. The new long-term time charter contracts will further reinforce MISC’s leading position as one of the global players in the LNG shipping sector.
MISC is one of the largest single owner-operators of LNG tankers in the world with a distinguished reputation for overall operational excellence, reliability, safety and on-time cargo deliveries. Its Gas Assets & Solutions (GAS) fleet currently comprises 30 LNG carriers, six Very Large Ethane Carriers (VLEC) and two LNG Floating Storage Units (FSUs) with a combined deadweight tonnage (dwt) capacity of over two million tonnes.
Source: MISC Berhad
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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
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