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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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Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
Wednesday, 10 August 22
THE FUTURE OF COAL: EIGHT KEY THEMES FROM THE GLOBAL COAL FORUM - WOOD MACKENZIE
Coal investors face a multi-layered and unavoidable challenge: markets distorted by war, trade constraints and the existential threat of the energy ...
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- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
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