MISC Annual Report 2019

The Petroleum & Product Shipping segment helmed by AET continues to strengthen its reputation as one of the leading providers of safe, high quality and comprehensive maritime transport, and specialist energy maritime logistics services to the global energy industry. Over the years we have developed our leadership presence in various segments of our global business, including strengthening our strategic presence in VLCCs and mid-size tankers, growing our partnerships in the dynamic positioning shuttle tankers (DPST) space in Latin America and the North Sea, and expanding our lightering services in the US Gulf and Latin America. AET is also the only tanker company worldwide to possess MCV for marine well blowout containment systems in the US Gulf. KEY HIGHLIGHTS P E T R O L E U M & P R O D U C T S H I P P I N G FINANCIAL PERFORMANCE RM4,305 million Revenue RM360 million Operating Profit Further details on Petroleum & Product Shipping https://www.misc.com.my/solutions/petroleum-shipping Awarded Chamber of Shipping of America Environmental Achievement Awards for 59 vessels, of which 18 vessels have held the rank for 10 years or more Market leader in Lightering Operations in the US Gulf Global offices in Singapore, London, Houston and Rio de Janeiro Green Seal Certified Owner and operator of the first and only Two Modular Capture Vessels (MCVs) in the world Ship naming of the World’s first 2 LNG dual-fuel DPSTs Awarded Chamber of Shipping of America Jones F. Devlin Awards for 60 vessels management discussion & analysis 95 94 OUR BUSINESS PERFORMANCE MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019