MISC Integrated Annual Report 2020

///// Sustainability / Financial Review / Business Review / Leadership / Governance /// MISC Berhad / Integrated Annual Report 2020 7 144 MISC Berhad / Integrated Annual Report 2020 7 145 /// Governance / Leadership / Business Review / Financial Review / Sustainability ///// Section Section BUSINESS REVIEW KEY HIGHLIGHTS FINANCIAL PERFORMANCE 99.7% vessel availability of 98.4% vessel utilisation of 2 LNG dual-fuel DPSTs Took delivery of on long-term charters to Equinor 4 eco-efficient DPSTs Took delivery of on long-term charters to Petrobras 1 eco-efficient DPST Took delivery of in January 2021 on long-term charter to Shell 2 Awarded contract for the construction and time charter of eco-efficient LNG dual-fuel VLCCs million million RM3,864 Revenue RM469 Operating Profit PETROLEUM & PRODUCT SHIPPING 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. Our fleet of 76 petroleum and product tankers move petroleum, refined products and chemicals worldwide to meet the world’s evolving energy needs. Alongside the provision of conventional energy shipping services, we are market leaders in the operation of specialist lightering services. Over the years, we have developed our leadership presence in various segments of our global business, including strengthening our strategic presence in very large crude carriers (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 modular capture vessels (MCV) for marine well blowout containment systems in the US Gulf. Further details on Petroleum & Product Shipping https://www.misc.com.my/solutions/petroleum-shipping Created by Oleksandr Panasovskyi from the Noun Project 1,984 5 days of Lost Time Injury (LTI) free years of LTI free AET has performed lightering operations in the US Gulf, with AET Offshore (AETO) and our Global Lightering Team accomplishing (July 2015–2020) Winner Outstanding Contribution to Search and Rescue Efforts of Maritime and Port Authority of Singapore (MPA) International Safety@ Sea Award for in 2019 by AET owned Eagle Kuching Environmental Achievement Awards, 56 2 ships and workboats with the CSA also recognised reflecting industry recognition of our stringent HSSE and environmental protection measures The Chamber of Shipping America (CSA) Jones F. Devlin Awards recognised our outstanding safety records for a combined 54 4 ships and workboats in our fleet