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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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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- White Energy Company Limited
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
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