MISC Berhad

MISC Berhad

Type	Public listed company (MYX: 3816)
Industry	Transport, Logistics, Warehousing, Retail
Founded	1968
Headquarters	Kuala Lumpur, Malaysia
Key people	Chairman: Tan Sri Dato' Seri Mohd Hassan bin Marican CEO: Amir Hamzah bin Azizan
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 Petrolium 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 110 vessels and a combined tonnage of more than 8,000,000 metric tons deadweight (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. MISC’s 45 crude oil and 5 product petroleum tankers of between 6,000 DWT – 299,999 DWT each carry crude oil, unleaded gasoline, gas oils and jet fuel.

The company has also ventured into offshore business, offering customers a full scope of offshore floating facility services – from design to operations. In 2007, 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 19 containerships, MISC's Liner business focuses on the ASEAN in bound and outbound trades through an extensive network of agencies around the globe delivering cargo to more than 120 Points-of-Sales in over 45 countries. MISC has also entered into strategic partnerships with shipping consortia to expand its offerings and participated in e-portals to provide e-business solutions to its customers.

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]}
• Specialist in Halal Transportation Services - Being the first of its kind, the Halal Express Service by MISC supports the transportation of halal products throughout the world.

The fleet

The Corporation’s 120 fleet of vessels consist of :

• 25 LNG Carriers
  • Seri "B" - Class, 5 ship (433,821 DWT) (583,005 gross register tons (GRT))
  • Seri "A" - Class, 5 ships (417,131 DWT) (478,645 GRT)
  • Puteri Satu - Class, 6 ships (456,409 DWT) (566,644 GRT)
  • Puteri - Class, 5 ships (367,595 DWT) (431,031 GRT)
  • Tenaga - Class, 1 ships (359,885 DWT) (402,550 GRT)
  • Aman - Class, 3 ships (32,877 DWT) (49,071 GRT)

• 45 Petroleum Tankers
  • VLCC - Class, 11 ships (3,334,681 DWT) (1,747,400 GRT)
  • Aframx - Class, 28 ships (2,935,379 DWT) (1,589,440 GRT)
  • Product - Class, 5 ships (70,115 DWT) (46,316 GRT)
  • LR2 - Class, 1 ship (104,385 DWT) (53,483 GRT)

• 27 Chemical Tankers
  • Melati Class, 7 ships (224,174 DWT) (155,088 GRT)
  • Bunga A Class, 9 ships (35.000 DWT)
  • Bunga B Class, 5 ships (42.000 DWT)
  • Bunga L Class, 6 ships (19.000 DWT) (Including Bunga Lotus to be delivered in 2011, Bunga Lucerne in 2012)^[2]

• 19 Container Ships
  • 3000 - 5000 TEUs Class, 3 ships (161,866 DWT) (132,543 GRT)
  • 1000 - 3000 TEUs Class, 8 ships (193,059 DWT) (154,216 GRT)
  • Below 1000 TEUs Class, 6 ships (62,835 DWT) (53,898 GRT)
  • Above 5000 TEUs Class, 2 ships (207,490 DWT) (179,552 GRT)

• 4 Other Carriers
  • Dry Bulk Class, 1 ship (73,127 DWT) (38,972 GRT)
  • LPG Class, 3 ships (10,264 DWT) (10,799 GRT)

The company also has 8 Offshore terminals

• Offshore Terminals
  • FPSO Class, 4 terminals
  • FSO Class, 4 terminals
  • FSO Class, 2 terminals (previous tenaga Empat and Tenaga Satu. To be converted 2011/2012) ^[3][4]

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

• Johor Port
• Kuantan Port
• Northport
• Penang
• Port Klang
• Port of Tanjung Pelepas

External links

Official website

• MISC Berhad (English)
• MISC Integrated Logistics Sdn. Bhd. (English)
• Malaysian Marine and Heavy Engineering Sdn. Bhd. (English)
• Malaysian Maritime Academy (English)
• FPSO Ventures Sdn Bhd. (English)

References

1. ^ "?". http://www.theedgemalaysia.com/business-news/149758-ratings-on-misc-affirmed-at-a-negative-outlook.html. 
2. ^ http://www.misc.com.my/misc/pdf/marketing_sbng7o.pdf
3. ^ http://www.mhb.com.my/Documents/mhb%20201108%20quarterly%20IR%20updates.pdf
4. ^ http://www.lngworldnews.com/malaysia-mhb-wins-fsu-lekas-contract/
5. ^ "Pirates Seize MISC's Palm Oil Tanker". Bernama Online. http://www.bernama.com.my/bernama/v5/newsindex.php?id=353952. Retrieved 2008-08-22. 
6. ^ "MISC Forms Special Squad". Bernama Online. http://www.bernama.com.my/bernama/v5/newsindex.php?id=354390. Retrieved 2008-08-22. 
7. ^ "Another MISC tanker hijacked". The Star Online. http://thestar.com.my/news/story.asp?file=/2008/8/31/nation/22213404&sec=nation. Retrieved 2008-09-01. 
8. ^ http://www.mmhe.com.my/News/Pages/OPERATIONALISINGBUNGAMASLIMAASANAVALAUXILIARYVESSEL.aspx
9. ^ http://irnaufal.wordpress.com/2011/01/22/msian-tanker-and-crew-saved-from-pirate-attack-in-gulf/