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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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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according ...
Thursday, 28 July 22
CREW FAMILIARISATION IS CRITICAL WHEN TAKING OVER A VESSEL - WEST P&I CLUB
Knowledge to Elevate
When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and mana ...
Thursday, 28 July 22
RETURN OF COAL A THREAT TO EUROPEAN COMPANIES' ESG RATINGS - REUTERS
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them ...
Wednesday, 27 July 22
MARKET INSIGHT - INTERMODAL
Amid the upcoming ban on Russian coal from the EU, which will be in full effect on August 10th, EU nations have been accelerating their coal import ...
Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
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- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- PTC India Limited - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Planning Commission, India
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
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