INTEGRATED ANNUAL REPORT 2024 90 91 SECTION 7: BUSINESS REVIEW www.miscgroup.com MISC BERHAD Marine Services Marine Services delivers integrated marine solutions, including ship management, port and terminal operations, port engineering and maintenance and assurance services, tailored to meet client needs. With over 50 years of ship management experience, we oversee a diverse fleet, including crude tankers, LNGCs, VLECs, DPSTs and dual-fuel vessels. Our expertise covers asset management, dry docking and project management for newbuilds and vessel conversion projects. In port management, we bring over 30 years of experience operating ports and terminals in Melaka, Sabah, Sarawak and Terengganu, offering pilotage, loading master services, marine control and straits pilotage. We also specialise in jetty and SPM maintenance, refurbishment and dredging. Beyond operations, our accredited inspectors provide world-class marine consultancy and assurance services, ensuring the highest standards for our clients. WHAT WE DO MOHD DENNY MOHD ISA Vice President, Marine Services 2024 was a milestone year for us as we proudly established MISC Marine Holdings (L) Pte. Ltd. (MISC Marine) — the result of bringing together the strengths of MISC Maritime Services Sdn. Bhd. and Eaglestar Marine Holdings (L) Pte. Ltd. This integration has strengthened our expertise, expanded our resources, and reinforced our commitment to operational and service excellence, making us a trusted provider of comprehensive maritime solutions. With this strong foundation, we are well-positioned to embrace new opportunities and propel our industry forward. Our role remains crucial in keeping the Group’s fleet running smoothly, ensuring vessels are always available and operations are efficient, safe, and reliable. This year, we achieved significant progress by expanding our business, securing new contracts, and providing supervision for our first external shipbuilding project. Aligned with the Group’s sustainability agenda and the industry’s growing emphasis on sustainable operations, we actively supported the development of ammonia and LNG dual-fuel vessels. To prepare for these advancements, we have launched targeted training and upskilling programmes, equipping our crew with future-ready competencies. Furthermore, to support the Group’s ambition to reduce GHG emissions, we are working towards introducing the first LNG dual-fuel harbour tugboats in Malaysian ports. With a steadfast focus on safety, efficiency, and sustainability, we remain committed to delivering exceptional service while advancing sustainable solutions across our maritime operations. The journey ahead is filled with opportunities, and we are ready to navigate them with confidence and dedication. Marine Services KEY FOCUS AREAS & RESULTS Focus Area What We Did in 2024 Results Business Sustainability Strengthening Capabilities • Integration of ship management and maritime services • Combined expertise in maritime solutions • Enhanced maritime services and the ability to offer a diverse range of solutions to existing and new strategic clientele Towards Decarbonisation Future-Fuel Ready Talents • Implemented skill transformation initiatives to prepare seafarers for operating current and future vessel types • Collaborated with maritime institutes to develop advanced training modules for future-ready seafarers • 51 officers completed ammonia capability training • Implemented reskilling and upskilling programmes for officers and engineers to operate modern vessels - Talent reskilling to operate LNG dual-fuel vessels - Talent reskilling of conventional oil vessel crews to operate gas fleet - Talent upskilling of steam engineers to operate gas vessels with motor propulsion • Enhanced the multi-skilling of marine professionals to align with our business strategy Operational and Service Excellence Enhanced Operations • Ensured compliance with regulations and advanced digitalisation of operations • Completed the Ballast Water Treatment Systems (BWTS) installation for 87 vessels in full compliance with international regulations • Implemented the SOL-X system on our vessels to digitalise our permit-to-work (PTW) processes and tracking
RkJQdWJsaXNoZXIy NDgzMzc=