Misc Berhad News

MISC Berhad (MISC) and Samsung Heavy Industries (SHI) have received the Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for the design of the world’s first ammonia-fueled LR2 tanker powered by Proton Exchange Membrane Fuel Cell (PEMFC) technology.The AiP from BV confirms the technical feasibility of the concept as well as initial conformity to the applicable rules, industry codes, and standards.The AiP was awarded as part of a strategic joint development project involving MISC…

The 174,000 cubic meter capacity LNG carrier Al Zuwair has been delivered from the HHI Ulsan Shipyard of HD Hyundai Heavy Industries and will be deployed under a time-charter contract with QatarEnergy. The vessel will be managed by the NYK Group.Al Zuwair is the third of 12 new LNG carriers being built for QatarEnergy by a joint venture comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings) Limited.This delivery marks the first of these vessels built at HHI.

PETRONAS CCS Ventures Sdn. Bhd. (PCCSV) MISC Berhad (MISC), and Mitsui O.S.K. Lines, Ltd., (MOL) announced the incorporation of a strategic joint venture (JV), Jules Nautica Sdn. Bhd. This JV will lead the development and act as the ultimate owner of Liquefied Carbon Dioxide (LCO₂) carriers, which are critical for transporting LCO₂ to designated storage sites as part of advancing carbon capture and storage (CCS) solutions.The trio completed the Front-End Engineering Design (FEED) for a 62…

A joint venture, comprising NYK, Kawasaki Kisen Kaisha, MISC Berhad, and China LNG Shipping (Holdings), has held a naming ceremony for a new liquefied natural gas (LNG) carrier for QatarEnergy, the first of 12 being built for the state-owned energy company of Qatar.The ceremony was held at Hudong-Zhonghua Shipbuilding (Group) in China, and the vessel was named Al Tuwar, after the name of a hill in Al Wakrah, a major city in Qatar.The 174,000 m3 vessel is the first of a series of 12 LNG carriers that the joint venture company will build for QatarEnergy…

The Maritime and Port Authority of Singapore (MPA) and Malaysia’s MISC have signed a memorandum of understanding (MoU) to strengthen collaboration in innovation, research and development (R&D) and test-bedding activities, to advance digital transformation in the maritime industry.As part of the three-year arrangement, both parties will focus on integrating sustainable digital technologies into marine operations, enhance processes through data-sharing initiatives and cybersecurity…

ABS issued an approval in principle (AIP) to leading Japanese companies at Gastech 2024 for two liquid carbon dioxide (LCO2) carrier designs with Type-C cargo tanks that do not require performing post-weld-heat-treatment based on the demonstration of an engineering critical assessment.ABS reviewed the drawings based on class and statutory requirements for the two designs, a 50K cubic meter carrier and a 23K cubic meter carrier, featuring Type-C cylindrical tanks made of carbon…

“K” Line, MOL and NYK Line have commenced a joint study with a group of Japanese shipyards for the design and specification of LCO2 carriers and the development of a supporting construction supply chain.The companies believe that as the demand for LCO2 carriers is expected to grow to support projects that transport CO2 collected in Japan to storage sites by sea, it is necessary to build LCO2 carriers stably within Japan. This will help realize the CCS value chain for Japan and improve the economic efficiency of the projects.The shipyards participating in the study are Mitsubishi Shipbuilding…

QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy and three vessels from MISC Berhad. Those 15 vessels will be built at South Korea's Samsung Heavy Industries…

Energy and marine consultancy ABL Group has secured a contract by POSH Projects to act as tow master to support and supervise the towage of the Mero 3 FPSO from Yantai in China to Brazilian waters.As part of its scope of work, ABL’s operations in Singapore will provide a tow master to act as client representative throughout the 12,108 nautical mile towage.The tow master will supervise and ensure that all marine operations for the sail away from Yantai CIMC Raffles Shipyard are carried out in-line with approved recommendations and procedural documentation.

Petronas CCS Ventures, a subsidiary of the Malaysian oil and gas giant Petronas has signed a term sheet with Mitsui O.S.K Lines, Ltd. (MOL) and MISC Berhad for the potential incorporation of a joint venture entity to invest in developing and monetising Liquefied Carbon Dioxide (LCO2) carriers for Carbon Capture and Storage (CCS) projects in Malaysia. The parties have agreed in principle on the key commercial terms to allow progress to the next stage."Building on the February 2022…

MISC Berhad (MISC) entered into an agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers.MISC will transfer ownership of the LNG carriers to Nissen Kaiun, and simultaneously enter into a charter agreement with Eaglestar and Synergy Marine as the shipmanagers.The first of the two vessels is expected to be delivered to Nissen Kaiun in the fourth quarter of 2023.

MISC Berhad announced the change of President & CEO and Chairman of AET effective June 1, 2023. Zahid Osman has been appointed as the President & CEO, succeeding Capt. Rajalingam Subramaniam. The current Chairman, Datuk Yee Yang Chien will step down as of 31st May 2023, and Capt. Rajalingam will take over as the Chairman of AET on June 1, 2023.Currently, Osman is the Vice President of Corporate Planning at MISC. Osman joined the organization in 2017 as Vice President of Gas Assets and Solutions prior to his current role. He possesses more than 20 years of experience in the energy industry.

Seri Damai, Seri Daya join MISC LNG Carrier FleetMISC welcomed two of its latest new generation of Liquefied Natural Gas (LNG) carriers, Seri Damai and Seri Daya to its fleet of LNG carriers. These 174,000 CBM LNG carriers were built for MISC by Samsung Heavy Industries Co., Ltd. (SHI), and upon their delivery, the new LNG carriers will be on long-term charters to ExxonMobil’s wholly-owned subsidiary, SeaRiver Maritime LLC (SRM) and will be managed by Eaglestar Shipmanagenent (S) Pte.Ltd.“The delivery of Seri Damai and Seri Daya today…

MISC Berhad (MISC), through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte Ltd (PLL), together with its consortium partners, Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Limited (CLNG), have been awarded long-term time charter contracts by QatarEnergy for five additional newbuild Liquefied Natural Gas (LNG) carriers to be built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.Together with the seven long-term time-charter contracts that were secured earlier in August…

NYK said that the joint-venture companies (Comprising NYK, “K” Line, MISC Berhad, and China LNG Shipping (Holdings) Limited) that NYK is a part of have signed a long-term time-charter contract with QatarEnergy, the state energy company of Qatar, for seven liquefied natural gas (LNG) carriers. The joint-venture companies have also executed shipbuilding contracts for the seven 174,000 m3 LNG carriers with Hyundai Heavy Industries Co., Ltd.These ships will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of GHG emissions and an improved environmental impact.LNG Carrier Main ParticularsLength, oa: approx.

MISC Group’s President/Group Chief Executive Officer (CEO), YBhg. Datuk Yee Yang Chien announced his plan to retire effective September 30, 2022. Datuk Yee will turn the helm over to Captain Rajalingam Subramaniam, MISC’s Chief Operating Officer and AET’s President & CEO, who will assume the role of MISC Group’s President/Group CEO effective October 1, 2022.Datuk Yee said, “It has been a great honour for me to be given the responsibility to lead MISC Group back in 2015. It is more than a job or duty for me…

Tanker operator AET announced it has named its new dual-fuel very large crude carrier (VLCC) Eagle Valence.Named during a virtual ceremony at Samsung Heavy Industries (SHI) in Geoje, South Korea, the 300,000 dwt newbuild is the first of two liquefied natural gas (LNG) dual-fuel VLCCs being built for long-term charter to Chartering and Shipping Services SA, a wholly owned subsidiary of TotalEnergies SA, based on an agreement signed in April 2020.Eagle Valence’s sister vessel is currently under construction at SHI and is due to be delivered in the second quarter of this year.Capt.

MISC Berhad (MISC) has taken delivery of its sixth Very Large Ethane Carrier (VLEC) – Seri Elbert, from Hyundai Heavy Industries (HHI) shipyard in Ulsan, South Korea. Seri Elbert and her sister vessels - Seri Everest, Seri Erlang, Seri Emei, Seri Emory and Seri Emperor are a series of second generation VLECs – all of which were acquired by MISC from Zhejiang Satellite Petrochemical Co. Ltd. (STL) in July 2020.See related story on Seri Everest, one of Maritime Reporter & Engineeering News' Great Ships of 2020Mr.

Siemens Energy said Friday it had won a contract with Malaysian MISC to deliver eight complete topside modules for an FPSO MISC is building for deployment in South America.According to Siemens Energy, its topside modules "will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression" aboard an FPSO that will operate offshore South America starting in 2024.Siemens Energy’s scope of supply includes the EPC work for all eight modules and other important components: two electric…

Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana.The Dutch FPSO operator said Wednesday that the lease and operation contracts with Shell of the FPSO Espirito Santo would be extended for five years.This means that the end of the contractual lease and operation period was extended from December 2023 to December 2028.SBM Offshore is the majority owner of the lease and operating companies related to FPSO Espirito Santo with 51% equity ownership…

Seri Everest, the first in a series of three 98,000 cbm Very Large Ethane Carriers (VLECs) built at Samsung Heavy Industries Co., Ltd. (SHI) and delivered to MISC Berhad on October 30, 2020. Seri Everest is the first from a series of six VLECs that MISC purchased in July 2020. As a second generation VLEC, Seri Everest is one of the largest vessels of its kind in the world.With the delivery of MISC’s first VLEC – Seri Everest, she has set a new benchmark in the ethane market. Seri Everest has the capacity of transporting ethane in large volumes over long distances…

Malaysia Vietnam Offshore Terminal's FSO Golden Star has received the first condensate at the Sao Vang and Dai Nguyet (SVDN) Project offshore Vietnam.MVOT is a 51% MISC Berhad (MISC) owned joint venture with PetroVietnam Technical Services Corporation (PTSC). The condensate delivery milestone was achieved on November 16, 2020, MISC said Friday. FSO Golden Star with a storage capacity of about 700,000 barrels of condensate was converted and sailed away from Malaysia Marine and Heavy Engineering’s West Yard on September 10…

MISC Berhad (MISC) has taken delivery of the world's largest very large ethane carrier (VLEC) at the Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea.The newbuild 98,000 cubic meter capacity Seri Everest, MISC's first VLEC, is the lead vessel in a series of six that the shipowner purchased from Zhejiang Satellite Petrochemical (STL) in July 2020. Concurrently, MISC had also entered into time charter parties (TCPs) with STL, for the six VLECs to operate in international waters.