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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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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
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- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
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