MISC - Annual Report 2014

Safety and well-being of our seafarers continues to be the main area of focus where maintaining the right mindset and practices in Health, Safety and Environment (HSE) is of utmost priority in our organisation. We are pleased to report that we have recorded an improved HSE performance with zero Loss Time Injury Frequency (LTIF) across all fleet. Last year, we were also nominated as one of the finalists for The Safety & Quality Award category during the 11th Seatrade Maritime Awards 2014. Wi th vesse l t echno l ogy rap i d l y changing over the years, it is important to ensure that our crew are equipped with the latest technological knowledge. At the same time, we also realise that there is a need to have multi-skilled officers in the organisation. With this in mind, MISC had rolled out the “Dual Skilling Programme” which is aimed to provide further opportunities for our sea staff to advance their skills and knowledge in both the Chemicals as well as the LNG environment. This will help to build up a class of seafarers who are agile, versatile and able to capitalise on the knowledge and experience learned from both shipping segments. MISC will continue to build capabilities and skills of our sea staff to be in line with the industry demands of today and tomorrow. We also see more stringent new regulations and conventions which will be enforced in the near future. These include, amongst others, the Safety of Life at Sea (SOLAS), Installation of Electronic Chart Display & Information System (ECDIS) (2015), IMOs Ballast Water Management Convention (2016), MARPOL Annex VI - Reduction in sulphur limits in fuel oils for ECAs (2015) and MARPOL Annex 1 - All tankers are required to demonstrate compliance with damage stability requirements (2016). As we move forward to stay in compliance with these international standards, our team has been proactively reviewing all the new regulatory requirements for adoption ahead of the effecti ve implementation timeline. As most of our businesses revolve around operating in the marine environment globally, it is in our i n t e r e s t s t o e n s u r e t h a t o u r environmental impact on the oceans, seas and countries where we operate in are minimal. Last year, MISC was c e r t i f i e d w i t h I SO 14 0 01 : 2 0 0 4 E n v i r o n m e n t a l M a n a g e m e n t Recertification which demonstrated our commitment to sound environmental management on board our vessels and also provided our customers with the assurance that we had a system in place to adhere to all applicable environmental regulations in our fleet operations. Our focus on the energy efficiency c o n t i n u e d w i t h t h e e x t e n d e d implementation of the application of Advanced Low Friction Paint, Propeller Boss Cap Fins (PBCF) and “I Save Fuel” programme. Through these initiatives, we were able to reduce our bunker consumption by 26,000 MT during the last financial year. We will continuously monitor and track the efficiency and savings stemming from these initiatives. Last year, along with its normal usage as a security escort for our voyages in the Gulf of Aden, MISC’s Naval Auxiliary vessel, Bunga Mas Enam (BM6) and Bunga Mas Lima (BM5), with the assistance of the Royal Malaysian Navy (RMN), supported the Search and Recovery (SAR) operations for the missing aircraft MH370 and also in providing security in East Sabah. They managed to complete their assignments with dedication and professionalism. MISC is very proud to have played a part in serving the nation. p 75 MISC BERHAD - Annual Report 2014

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