MISC Annual Report 2017

105 Strategy & Performance MANAGEMENT DISCUSSION & ANALYSIS INTEGRATED MARINE SERVICES Eaglestar’s array of services includes maintenance, repair and the running of vessels; operational performance improvements; as well as compliance with flag state and international operating standards. Its capabilities also encompass engineering and project management for newbuilds, vessel conversion and vessel life extension. Today, the segment offers a wealth of experience in LNG vessels, FSUs as well as crude, clean and product tankers (including specialised Dynamic Positioning (DP) vessels and dual fuel tankers). The segment operates primarily out of five locations, namely Kuala Lumpur, Singapore, London, Houston and Rotterdam and has manning offices in the Philippines and India. MARKET REVIEW For the year in review, the MISC Group like other shipowners, experienced depressing charter rates for its LNG Shipping as well as Petroleum and Product Shipping fleets. To maintain the competitive edge of our fleets, we focused our efforts on ensuring operating cost optimisation and efficiency. Today, Eaglestar which has technical responsibility for our fleets, continues to place a top priority on managing our fleet whilst maintaining the highest operating standards. High overall vessel availability rate of above 99% for our LNG, Crude and Product fleets Supported by 5,000 highly skilled seafarers and shore professionals Manages a fleet of over 120 VESSELS Further details on Integrated Marine Services www.misc.com.my/solutions/ integrated-marine-services