Key developments In 2016, FMS introduced a bold fiveyear master plan, dubbed Fleet 2020, to consolidate and align its operations with the Group’s MISC2020 strategy. Focusing on achieving cost efficiencies and overall superior operational asset performance, the Fleet 2020 initiatives aim to benefit the division for the longrun. Fleet 2020 also aims to enhance the capabilities and skillsets of FMS Sea and Shore staff in incremental steps to ensure they are able to deliver a superior performance. Among FMS’ notable achievements in 2016 was its success in maintaining a high overall vessel availability rate of above 99% for the LNG and Chemical fleets. This surpassed the industry benchmark across all segments of shipping. The division also turned in a Zero LTI and Zero Port State Control (PSC) detention rate. We gar nered the Operational Excellence Award at the annual Tanker Shipping & Trade Conference & Awards 2016 and successfully delivered on time the Seri Camellia, the first of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries (HHI). On top of this, MISC’s Seri A Class LNG carriers were awarded the Certificate of Classification for STARMACH additional class notation from Bureau Veritas (M) Sdn. Bhd. (BV) whereas Seri B, Puteri, Puteri Satu, Bunga A, and Bunga L Classes were awarded the Attestation of Approval in compliance with STAR-MACH additional class notation, also from BV. This was for FMS’ Reliability Centred Maintenance (RCM) program aimed at further enhancing and improving the reliability of our vessels. FLEET MANAGEMENT SERVICES MISC BERHAD • Annual Report 2016 84 President/Group CEO’s Review and MD&A BUSINESS SEGMENT AND OPERATIONS REVIEW
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