MISC Berhad
Encyclopedia
MISC Berhad was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005 Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petrolium Nasional Berhad (PETRONAS
), the national oil conglomerate of Malaysia. The principal business of the Corporation consist of Ship owning, Ship operating, Other shipping related activities, Owning and operating of offshore floating facilities as well as Marine repair, Marine conversion and Engineering & Construction works. With a modern and well-diversified fleet of 110 vessels
and a combined tonnage of more than .
tankers in the world. It counts amongst its customers the major oil companies and is the premier lightering
operator in the US Gulf. MISC’s 45 crude oil and 5 product petroleum tankers of between – each carry crude oil, unleaded gasoline, gas oils and jet fuel.
The company has also ventured into offshore
business, offering customers a full scope of offshore floating facility services – from design to operations. In 2007, MISC achieved a significant milestone in realising Malaysia's first deepwater FPSO, FPSO Kikeh. Through Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), MISC provides marine repair, marine conversion, engineering and construction for a wide spectrum of oil & gas production facilities.
MISC also transports vegetable oils and chemical in bulk. Its chemical tankers are capable of segregating up to 35 different grades of cargo onboard and are equipped with containment and handling systems.
With its 19 containerships, MISC's Liner
business focuses on the ASEAN in bound and outbound trades through an extensive network of agencies around the globe delivering cargo to more than 120 Points-of-Sales in over 45 countries. MISC has also entered into strategic partnerships with shipping consortia to expand its offerings and participated in e-portals to provide e-business solution
s to its customers.
On 24th November 2011, MISC announced its exit from the liner business (container shipping). In its announcement through the local Bursa Malaysia stock exchange, MISC explained that the radical change in the operating dynamics of the liner industry which is driven by high operating cost and rapid changes in global trade patterns is challenging the validity of today's operating models. The company's decision was also hastened by the present difficult operating conditions which have seen the liner business suffering a total financial loss of USD789 million over the past three years, impacting the overall financial performance of MISC. The company anticipates cessation of the liner business to be by end June 2012.
The company also has 8 Offshore terminals
Petronas
PETRONAS, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company that was founded on August 17, 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and...
), the national oil conglomerate of Malaysia. The principal business of the Corporation consist of Ship owning, Ship operating, Other shipping related activities, Owning and operating of offshore floating facilities as well as Marine repair, Marine conversion and Engineering & Construction works. With a modern and well-diversified fleet of 110 vessels
Ship
Since the end of the age of sail a ship has been any large buoyant marine vessel. Ships are generally distinguished from boats based on size and cargo or passenger capacity. Ships are used on lakes, seas, and rivers for a variety of activities, such as the transport of people or goods, fishing,...
and a combined tonnage of more than .
Business speciality
MISC is a specialist in Energy Transportation. The company HQ is located at Menara Dayabumi in Kuala Lumpur, Malaysia. With 29 LNG carriers, it is currently the world’s largest single owner/operator of LNG fleet. Through its wholly owned subsidiary AET, MISC is one of the leading global tanker operators and the second largest owner-operator of AframaxAframax
An ' ship is an oil tanker smaller than and with a breadth above 32.31 m. The term is based on the Average Freight Rate Assessment tanker rate system. class tankers are largely used in the basins of the Black Sea, the North Sea, the Caribbean Sea, the China Sea and the Mediterranean...
tankers in the world. It counts amongst its customers the major oil companies and is the premier lightering
Lightering
Lightering is the process of transferring cargo between vessels of different sizes, usually between a barge and a bulker or oil tanker. Lightering is undertaken to reduce a vessel's draft in order to enter port facilities which cannot accept very large ocean-going vessels...
operator in the US Gulf. MISC’s 45 crude oil and 5 product petroleum tankers of between – each carry crude oil, unleaded gasoline, gas oils and jet fuel.
The company has also ventured into offshore
Offshore construction
Offshore construction is the installation of structures and facilities in a marine environment, usually for the production and transmission of electricity, oil, gas and other resources....
business, offering customers a full scope of offshore floating facility services – from design to operations. In 2007, MISC achieved a significant milestone in realising Malaysia's first deepwater FPSO, FPSO Kikeh. Through Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), MISC provides marine repair, marine conversion, engineering and construction for a wide spectrum of oil & gas production facilities.
MISC also transports vegetable oils and chemical in bulk. Its chemical tankers are capable of segregating up to 35 different grades of cargo onboard and are equipped with containment and handling systems.
With its 19 containerships, MISC's Liner
Ocean liner
An ocean liner is a ship designed to transport people from one seaport to another along regular long-distance maritime routes according to a schedule. Liners may also carry cargo or mail, and may sometimes be used for other purposes .Cargo vessels running to a schedule are sometimes referred to as...
business focuses on the ASEAN in bound and outbound trades through an extensive network of agencies around the globe delivering cargo to more than 120 Points-of-Sales in over 45 countries. MISC has also entered into strategic partnerships with shipping consortia to expand its offerings and participated in e-portals to provide e-business solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
s to its customers.
On 24th November 2011, MISC announced its exit from the liner business (container shipping). In its announcement through the local Bursa Malaysia stock exchange, MISC explained that the radical change in the operating dynamics of the liner industry which is driven by high operating cost and rapid changes in global trade patterns is challenging the validity of today's operating models. The company's decision was also hastened by the present difficult operating conditions which have seen the liner business suffering a total financial loss of USD789 million over the past three years, impacting the overall financial performance of MISC. The company anticipates cessation of the liner business to be by end June 2012.
Other Services
- Integrated Logistics - MISC Integrated Logistics Sdn. Bhd. (MILS) serve as ocean freighting, distribution, freight forwarding, warehousing etc.
- Maritime Education - Akademi Laut Malaysia (Malaysian Maritime Academy) or simply known as ALAM. For over 50 years, ALAM has trained thousands of Malaysians, through a disciplined and regimented education system unique to the Academy.
- Specialist in Halal Transportation Services - Being the first of its kind, the Halal Express Service by MISC supports the transportation of halalHalalHalal is a term designating any object or an action which is permissible to use or engage in, according to Islamic law. The term is used to designate food seen as permissible according to Islamic law...
products throughout the world.
The fleet
The Corporation’s 120 fleet of vessels consist of :- 25 LNG Carriers
- Seri "B" - Class, 5 ship
- Seri "A" - Class, 5 ships
- Puteri Satu - Class, 6 ships
- Puteri - Class, 5 ships
- Tenaga - Class, 1 ships
- Aman - Class, 3 ships
- 45 Petroleum Tankers
- VLCC - Class, 11 ships
- Aframx - Class, 28 ships
- Product - Class, 5 ships
- LR2 - Class, 1 ship
- 27 Chemical Tankers
- Melati Class, 7 ships
- Bunga A Class, 9 ships
- Bunga B Class, 5 ships
- Bunga L Class, 6 ships (Including Bunga Lotus to be delivered in 2011, Bunga Lucerne in 2012)
- 19 Container Ships
- 3000 - 5000 TEUTwenty-foot equivalent unitThe twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals...
s Class, 3 ships - 1000 - 3000 TEUTwenty-foot equivalent unitThe twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals...
s Class, 8 ships - Below 1000 TEUTwenty-foot equivalent unitThe twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals...
s Class, 6 ships - Above 5000 TEUTwenty-foot equivalent unitThe twenty-foot equivalent unit is an inexact unit of cargo capacity often used to describe the capacity of container ships and container terminals...
s Class, 2 ships
- 3000 - 5000 TEU
- 4 Other Carriers
- Dry Bulk Class, 1 ship
- LPG Class, 3 ships
The company also has 8 Offshore terminals
- Offshore Terminals
- FPSOFloating Production Storage and OffloadingA floating production, storage and offloading unit is a floating vessel used by the offshore industry for the processing of hydrocarbons and for storage of oil. A FPSO vessel is designed to receive hydrocarbons produced from nearby platforms or subsea template, process them, and store oil until it...
Class, 4 terminals - FSO Class, 4 terminals
- FSO Class, 2 terminals (previous tenaga Empat and Tenaga Satu. To be converted 2011/2012)
- FPSO
Incidents
- On 19 August 2008 at 10.09 pmPMPM often means "after noon" in the 12-hour clock .PM or Pm may also refer to:-Sciences:*Particulate matter, particulates — fine dust and soot — suspended in the air...
, one of the MISC vessel registered as MT Bunga Melati Dua has been hijacked by a group of armed pirates at the Gulf of AdenAdenAden is a seaport city in Yemen, located by the eastern approach to the Red Sea , some 170 kilometres east of Bab-el-Mandeb. Its population is approximately 800,000. Aden's ancient, natural harbour lies in the crater of an extinct volcano which now forms a peninsula, joined to the mainland by a...
, between YemenYemenThe Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
and SomaliaSomaliaSomalia , officially the Somali Republic and formerly known as the Somali Democratic Republic under Socialist rule, is a country located in the Horn of Africa. Since the outbreak of the Somali Civil War in 1991 there has been no central government control over most of the country's territory...
. There were 29 Malaysian nationals and 10 Philippine nationals on board the ship when the incident occurred. According to BernamaBERNAMABERNAMA is a news agency of the government of Malaysia. It is an autonomous body placed under the Information, Culture and Communications Ministry. It was set up by an Act of Parliament in 1967 and started work on 26 May 1968....
, MISC together with International Maritime BureauInternational Maritime BureauThe International Maritime Bureau is a specialized department of the International Chamber of Commerce.The IMB's responsibilities lie in fighting crimes related to maritime trade and transportation, particularly piracy and commercial fraud, and in protecting the crews of ocean-going vessels.It...
(IMB) has formed a special team to tackle the problem on the attack. - On 29 August 2008 at 9.50 pmPMPM often means "after noon" in the 12-hour clock .PM or Pm may also refer to:-Sciences:*Particulate matter, particulates — fine dust and soot — suspended in the air...
another MISC tankerTanker (ship)A tanker is a ship designed to transport liquids in bulk. Major types of tankship include the oil tanker, the chemical tanker, and the liquefied natural gas carrier.-Background:...
ship registered as MT Bunga Melati Lima also has been hijacked in international waters off the coast of YemenYemenThe Republic of Yemen , commonly known as Yemen , is a country located in the Middle East, occupying the southwestern to southern end of the Arabian Peninsula. It is bordered by Saudi Arabia to the north, the Red Sea to the west, and Oman to the east....
. According to MISC press statement, there are 36 Malaysians and five FilipinoFilipino peopleThe Filipino people or Filipinos are an Austronesian ethnic group native to the islands of the Philippines. There are about 92 million Filipinos in the Philippines, and about 11 million living outside the Philippines ....
temporary maintenance crew members on board, the vessel was fully laden with 30,000 Mt of petrochemicals when the pirates boarded it on Friday evening. - on 22 January 2011 MISC tanker vessel Bunga Laurel was Hijacked by Somali pirates. The previous Container vessel Bunga Mas Lima , which now is converted as military escort vessel, has rescued all 23 crew members. All 18 pirates surrendered.
See also
- Johor PortJohor PortJohor Port is located at Pasir Gudang in the southeast of Johor in Peninsular Malaysia. Built by the Johor Port Authority and run by Johor Port Berhad in 1977, it is the first port in Johor and is designed as a multi-purpose port that caters to practically all types of cargo. It is the first port...
- Kuantan PortKuantan PortSituated about 25 KM to the north of Kuantan city and facing South China Sea, Kuantan Port is a multipurpose port in the East Coast Region of Peninsular Malaysia....
- Northport
- PenangPenangPenang is a state in Malaysia and the name of its constituent island, located on the northwest coast of Peninsular Malaysia by the Strait of Malacca. It is bordered by Kedah in the north and east, and Perak in the south. Penang is the second smallest Malaysian state in area after Perlis, and the...
- Port KlangPort KlangPort Klang is a town and the main gateway by sea into Malaysia. Colonially known as Port Swettenham, it is also the location of the largest and busiest port in the country. As such, its economic progress has been greatly influenced by the port activities in its area...
- Port of Tanjung PelepasPort of Tanjung PelepasThe Port of Tanjung Pelepas is a port for container ships located on the eastern mouth of the Pulai River in south-western Johor, Malaysia. Receiving its maiden vessel on 10 October 1999 on a three-month trial operation, it set a world record as the fastest growing port with of containers handled...