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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
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