MORE THAN 130 VESSELS/ASSETS MORE THAN 10,000 EMPLOYEES 197.4 HECTARES OF PASIR GUDANG YARD Americas. We pride ourselves in operating a quality fleet, comprising mainly of double-hulled IMO II vessels with a mixture of stainless steel and coated tanks to meet the highest safety requirements for transporting liquid bulk cargo. From design to operations, our offshore business offers a comprehensive suite of offshore floating terminal services tailored to meet the most demanding environments. Our priority is to deliver safe, reliable and optimised offshore solutions. Certified with ISO 9001:2008 for Offshore Engineering and Asset Management, we adopt business processes of International Standards and Practices. Being one of the largest Floating Production, Storage and Offloading (FPSO)/Floating Storage and Offloading (FSO) owner/operators in the world, we have the reach across Malaysia, Vietnam and Brazil, and other strategic locations to meet the global demands of the Oil & Gas industry today. Going forward, we will continue to build on our offshore strengths and extend our thought leadership to similar deepwater and small field developments. As part of MISC’s strategy to expand its shipping business by providing customers with integrated supply value chain services, in 2009, MISC entered into the tank terminal business via our project in Tanjung Langsat, Johor, Malaysia. In partnership with energy traders, Vitol Holding B.V., we have since expanded our presence and logistics assets all around the world, through a joint venture subsidiary, VTTI B.V. (VTTI). VTTI is one of the world’s fastest-growing energy storage businesses. Today, our total tank terminal capacity currently stands at 8.7 million cbm and we have a worldwide presence with terminals in Johor, Malaysia, ARA Region (Antwerp, Rotterdam and Amsterdam), Europe, America, Africa, Cyprus and the Middle East, with expansions into Spain. Through VTTI, we are currently the seventh largest independent tank terminal operator globally. Our logistics arm, MISC Integrated Logistics Sdn. Bhd. (MILS), offers onestop logistics services catering to the entire spectrum of our customers’ logistics needs. MILS is an ISO 19001:2008, OHSAS 18001:2007, and MS 14001:2004 certified company specialising in Project Logistics and Supply Chain Logistics Solutions. Its Halal certified Cold Hub facility is also certified with ISO 2200:2005 Food Safety Management System f r om L l oyd ’s Reg i s t e r Qua l i t y Assurance. MILS is a registered vendor for PETRONAS and one of the government licensed Multimodal Transport Operator (MTO) which offers efficient and cost effective integrated logistics services, inclusive of Project Cargo Logistics, Freight Forwarding, Transportation, Warehousing, Supply Chain Management and Duty & Tax Exemption application. MI SC wa s p r e s en t ed wi t h t he opportunity to divest our investment in our wholly-owned subsidiary, MILS. However, due to unforeseen circumstances, we were not able to complete the sale process. Our listed subsidiary, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a leading marine and heavy engineering services provider in Malaysia, focused primarily on the Oil & Gas sector. MHB offers a wide spectrum of offshore construction, offshore conversion and marine repair services at two yards in Pasir Gudang, Johor, Malaysia. With a total yard size of 197.4 hectares in Pasir Gudang, MHB has one of the largest marine and heavy engineering facilities in the region with an annual capacity of 129,700 MT. MI SC ’s d i ve r se ope r a t i ons a r e supported by a strong backbone of dynamic, capable and progressive staff. Our professional seafarers are trained in a structured training and education system at our in-house academy, Malaysian Maritime Academy Sdn. Bhd. (ALAM). Our people are our most valuable assets. It is MISC’s commitment to continually develop our staff to be competent and knowledgeable, and to ensure that they remain resolute, purposeful and energised while bringing MISC to greater heights. p 13 MISC BERHAD - Annual Report 2014
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