MISC Berhad
 | |
| Type |
Public listed company (MYX: 3816) |
|---|---|
| Industry | Transport, Logistics, Warehousing |
| Founded | 1968 |
| Headquarters | Kuala Lumpur, Malaysia |
| Key people |
Chairman: Datuk George Ratilal CEO: Datuk Nasarudin bin Md Idris |
| Products | Ship owning, Ship operating, Other shipping related activities, Owning and operating of offshore floating facilities as well as Marine repair, Marine conversion and Engineering & Construction works |
| Website | www.misc.com.my |
MISC Berhad was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005 Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (PETRONAS), the national oil conglomerate of Malaysia. The principal business of the Corporation consist of Ship owning, Ship operating, Other shipping related activities, Owning and operating of offshore floating facilities as well as Marine repair, Marine conversion and Engineering & Construction works. With a modern and well-diversified fleet of 115 vessels and a combined tonnage of more than 15,000,000 DWT.
Business speciality
MISC is a specialist in Energy Transportation. The company HQ is located at Menara Dayabumi in Kuala Lumpur, Malaysia. With 29 LNG carriers, it is currently the world’s largest single owner/operator of LNG fleet.[1] Through its wholly owned subsidiary AET, MISC is one of the leading global tanker operators and the second largest owner-operator of Aframax tankers in the world. It counts amongst its customers the major oil companies and is the premier lightering operator in the US Gulf.
The company has also ventured into offshore business, offering customers a full scope of offshore floating facility services – from design to operations. In 2008, together with SBM Offshore through the joint venture Malaysia Deepwater Floating Terminals, MISC achieved a significant milestone in realising Malaysia's first deepwater FPSO, FPSO Kikeh. Through Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), MISC provides marine repair, marine conversion, engineering and construction for a wide spectrum of oil & gas production facilities.
MISC also transports vegetable oils and chemical in bulk. Its chemical tankers are capable of segregating up to 35 different grades of cargo onboard and are equipped with containment and handling systems.
With its 16 containerships, MISC's Liner business focuses on the ASEAN inbound and outbound trades. On 24 November 2011, MISC announced its exit from the liner business (container shipping). In its announcement through the local Bursa Malaysia stock exchange, MISC explained that the radical change in the operating dynamics of the liner industry which is driven by high operating cost and rapid changes in global trade patterns is challenging the validity of today's operating models. The company's decision was also hastened by the present difficult operating conditions which have seen the liner business suffering a total financial loss of USD789 million over the past three years, impacting the overall financial performance of MISC. The company anticipates cessation of the liner business to be by end June 2012. [2]
Other Services
- Integrated Logistics - MISC Integrated Logistics Sdn. Bhd. (MILS) serve as ocean freighting, distribution, freight forwarding, warehousing etc.
- Maritime Education - Akademi Laut Malaysia (Malaysian Maritime Academy) or simply known as ALAM. For over 50 years, ALAM has trained thousands of Malaysians, through a disciplined and regimented education system unique to the Academy.[citation needed]
The fleet
The Corporation’s 120 fleet of vessels consist of (as at February 2012) :
- 29 LNG Carriers
- 53 Petroleum Tankers
- 19 Chemical Tankers
- Offshore Terminals
- FPSO, 5 terminals
- FSO, 5 terminals
- MOPU, 2 terminals
Incidents
- On 19 August 2008 at 10.09 pm,[5] one of the MISC vessel registered as MT Bunga Melati Dua has been hijacked by a group of armed pirates at the Gulf of Aden, between Yemen and Somalia. There were 29 Malaysian nationals and 10 Philippine nationals on board the ship when the incident occurred. According to Bernama, MISC together with International Maritime Bureau (IMB) has formed a special team to tackle the problem on the attack.[6]
- On 29 August 2008 at 9.50 pm another MISC tanker ship registered as MT Bunga Melati Lima also has been hijacked in international waters off the coast of Yemen. According to MISC press statement, there are 36 Malaysians and five Filipino temporary maintenance crew members on board, the vessel was fully laden with 30,000 Mt of petrochemicals when the pirates boarded it on Friday evening.[7]
- on 22 January 2011 MISC tanker vessel Bunga Laurel was Hijacked by Somali pirates. The previous Container vessel Bunga Mas Lima,[8] which now is converted as military escort vessel, has rescued all 23 crew members. All 18 pirates surrendered.[9]
See also
External links
Official website
- MISC Berhad (English)
- MISC Integrated Logistics Sdn. Bhd. (English)
- Malaysian Marine and Heavy Engineering Holdings Berhad (English)
- Malaysian Maritime Academy (English)
- FPSO Ventures Sdn Bhd. (English)
References
- ↑ "?".
- ↑ http://www.misc.com.my/pressroom_pressrelease_release.php?id=74
- ↑ "MHB Wins FSU Lekas Contract". LNG World News.
- ↑ "Keppel Shipyard Scores LNG FSU Conversion Contract". LNG World News.
- ↑ "Pirates Seize MISC's Palm Oil Tanker". Bernama Online. Retrieved 2008-08-22.
- ↑ "MISC Forms Special Squad". Bernama Online. Retrieved 2008-08-22.
- ↑ "Another MISC tanker hijacked". The Star Online. Retrieved 2008-09-01.
- ↑ http://www.mmhe.com.my/News/Pages/OPERATIONALISINGBUNGAMASLIMAASANAVALAUXILIARYVESSEL.aspx
- ↑ http://irnaufal.wordpress.com/2011/01/22/msian-tanker-and-crew-saved-from-pirate-attack-in-gulf/
| ||||||||
