INTEGRATED ANNUAL REPORT 2024 92 93 SECTION 7: BUSINESS REVIEW www.miscgroup.com MISC BERHAD Marine Services Port Management & Maritime Services Number of Vessel Screenings Performed 2024 2023 5,982 5,034 Number of Vessels Managed 2023 87 2024 87 Project Management of Newbuilds 2024 2023 17 24 Number of Vessel Inspections Performed 2024 2023 827 895 Number of Vessels Handled at Ports & Terminals 2024 2023 1,529 1,423 Ship Management Services Vessel Availability (GAS and Petroleum Fleet) KEY ACHIEVEMENTS Awards and Recognitions Malaysian Society for Occupational Safety and Health (MSOSH) • Grand Award for excellent occupational safety and health performance at Sungai Udang Port Chamber of Shipping of America (CSA) • Jones F. Devlin Award for Eaglestar Shipmanagement (S) Pte. Ltd. for 38 vessels operating for a total of 282 years with zero LTI • Jones F. Devlin Award for Eaglestar Shipmanagement Gas (S) Pte. Ltd. for six vessels operating for a total of 13 years with zero LTI Port Management & Maritime Services Ship Management Services Milestones Operational Excellence • Zero interruption to clients’ operations • Availability of inspectors >99% • Availability of marine crafts >99% • Availability of marine facilities: 100% • Zero Lost Time Injury (LTI) since 1999 Operational Excellence • Lower than industry average LTIF at 0.09 • Lower than industry average TRCF at 0.18 • Achieved zero spill incidents Port Management & Maritime Services Ship Management Services Marine Services NAVIGATING THE CHALLENGES IN 2024 Challenges Mitigation Action Results Maintaining Good Vessel Availability Training and Upgrading Initiatives • Invested in training, research and new systems to enhance operational efficiency • Successfully maintained vessel availability of over 99% for the LNG and Petroleum fleets Asset Management Pursue Asset Ownership • Increased efforts to own assets to improve assets availability for port and terminal operations • Achieved approval of strategic investment in dual-fuel harbour tugboats at Sungai Udang Port MOVING FORWARD • Drive operational and service excellence • Develop future-fuel ready maritime talents • Invest in research and application to support new technologies and decarbonisation efforts • Expand the range of maritime services and solutions for existing and new clients 2023 >99% 2024 >99%
RkJQdWJsaXNoZXIy NDgzMzc=