MISC’s commitment to upholding world class Health, Safety and Environment or HSE standards is evident in the sterling HSE results that we achieved in 2015. FMS achieved a LTIF rate of 0.08 and a TRCF rate of 0.31 which are among the industry’s best. In terms of Port State Control (PSC) inspections, 86% of the PSC inspections conducted in 2015 resulted in zero deficiency, while on the SIRE risk assessment inspection front, the average observation per inspection dropped by 12%. To ensure the safety and well-being of our seafarers, we continued to leverage on various initiatives and campaigns to embed the right HSE mind-set and practices throughout the organisation. Our efforts continued to bear fruit with our vessels receiving improved management ratings during inspections by oil, chemical and gas majors. Over the course of the year, we adopted a peer-to-peer support (P2P) system which was implemented fleet wide. It endorses the distinctive advantages brought on by peer assistance and is helping strengthen the safety culture on board our vessels. To acknowledge the importance of unlearning and relearning, we have embraced the “Reflective Learning” methodology to enhance understanding of shared information and the assimilation of lessons learnt from fleet and industry incidences. MISC remains committed to building up the capabilities and skills of our sea staff so that they remain at the forefront of our industry and are prepared to meet industry demands today and tomorrow. Several human resource initiatives were introduced in 2015 to strengthen our workforce. The Watch Keeping Officer (WKO) Programme for deck ratings was introduced to provide a career progression opportunity for ratings looking to become officers. Several Officers’ Developmental Needs Leadership programmes were designed to address the developmental needs of MISC’s officers. These included the Senior Officers Leadership Assessment Programme (SOLAP) and the Senior Engineers Leadership Assessment Programme (SELAP). Over the next five years, we anticipate mo re s t r i ngen t regu l a t i ons and conventions to be enforced. These include, among others, the MARPOL, Annex II/IBC/IGC Code which requires all tankers to demonstrate compliance with damage stability requirements (2016), IMO’s Ballast Water Management Con v en t i on ( 2016 ) , t he Man i l a Amendments 2010 – STCW for seafarers (2017), and SOLAS Regulation III/1.5 – Lifeboat Release and Retrieval System (2019). FMS has been proactively reviewing all the new regulatory requirements and has developed a comprehensive plan and budget to adopt these requirements ahead of their effective implementation timeline. As most of MISC’s businesses revolve around operating in the marine environment globally, it is in our interests to ensure that our environmental impact on the oceans, seas and countries where we operate in are minimal. In 2015, MISC renewed its IS014001:2004 Environmental Management certification demonstrating our commitment to sound environmental management on board our vessels. This also provides our customers the assurance that we have a strong management system in place to ensure compliance with all applicable environmental regulations. Our naval auxiliary vessel Bunga Mas Enam participated in the Langkawi International Maritime and Aerospace Exhibition (LIMA) at the invitation of the Royal Malaysian Navy (RMN). May 2015 saw the delivery of the Mobile Sea Base PL Tun Azizan to the RMN. MISC has been tasked with operating and maintaining the vessel which will serve as a forward base in Sabah waters for the Eastern Sabah Security Command (ESSCOM). This development bears testimony to the Malaysian Government’s trust and confidence in the operational performance of MISC. Recogn i t i on f o r MI SC ’s s t e l l a r performance was further affirmed when MISC was named the “Best Shipping Company” during The World Maritime Day (WMD) Malaysia 2015 conference which was held in October 2015. MISC BERHAD Annual Report 2015 75
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