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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, 22 July 22
MARKET INSIGHT - INTERMODAL
Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, man ...
Friday, 22 July 22
YANCOAL AUSTRALIA CUTS 2022 COAL OUTPUT VIEW AS FLOODS, COVID BITE - REUTERS
Coal miner Yancoal Australia Ltd YAL.AX cut its 2022 output forecast on Wednesday, signalling a hit from higher-than-expected rainfall, COVID-19-le ...
Wednesday, 20 July 22
BOOST FOR BIOFUELS AS IMO REMOVES REGULATORY HURDLE - GARD
MARPOL Annex VI regulations were written for petroleum derived fuels but also apply to biofuels. It has been a challenge to meet the regulatory req ...
Wednesday, 20 July 22
INDONESIA’S COAL EXPORTS TO THE EU INCREASED SIGNIFICANTLY RECENTLY
European countries have increased coal imports from Indonesia due to the energy crisis that hit the region after Russia cuts gas exports to Europe. ...
Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
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- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Australian Coal Association
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
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