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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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Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
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- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
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