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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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Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
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- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- White Energy Company Limited
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Australian Coal Association
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
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