Strengthened our lightering business We have continued to strengthen the lightering position in the US Gulf while replicating a strong brand name to become the ship-to-ship (STS) transfer service provider of choice in Latin America. In 2021, AET renewed 10 lightering contracts in North America and two in South America. We also secured two new lightering contracts in North America. Delivered on operational excellence During the year, we achieved a few firsts on the operational front. Eagle Balder, one of the world’s first LNG dual-fuel DPSTs and among the cleanest DPSTs ever built and equipped with a Volatile Organic Compound Recovery Units (VRU or VOC recovery unit), completed her first two bunkering operations at the Port of Gothenburg, Sweden. The STS bunkering operations were completed safely and simultaneously without interruption to the cargo operations. Prior to the operations, the crew and offshore personnel conducted a careful and thorough risk assessment to ensure full compliance with industry best practices. Our eco-efficient Suezmax second generation DPST, Eagle Pilar, completed safely her first STS operation in the Brazilian Basin, offshore Santos. Our Global Lightering Team provided the required STS support services including specialised personnel and equipment. We also completed our first LNG bunkering in the US, working in coordination with Shell to refuel an in-chartered LNG dual-fuel Aframax tanker Pacific Ruby outside Port Canaveral in Florida. Fast tracked our digitalisation journey We have fast-tracked our digitalisation journey in our efforts to enhance the operational excellence of our fleet and crew. On our ships, we have invested and implemented new digital solutions such as safety, inventory and data-driven ship management systems for vessel reliability and availability. Continued with our social contributions In our endeavour to continue with our response to the ongoing COVID-19 pandemic, AET has partnered with charities to support their food programmes to reach impacted families in Singapore, Brazil, the UK, the USA, India and the Philippines and now also in Norway. We are targeting to sponsor close to one million meals across different localities. As part of our purposeful sustainability agenda, we continue to focus on our social contributions. In 2021, we extended our support to two MaritimeONE scholars through the Singapore Maritime Foundation for the future growth of the maritime industry. Last year’s scholarship recipient has also recently completed her internship with AET. We are extending our scholarship programme to the United States and other regions as well. As a part of the commitment to supporting seafarers, AET actively sponsors cadets through MISC Group’s leading maritime training academy, ALAM. Since 2016, AET has funded about 500 cadets through our sponsorship programme. PETROLEUM & PRODUCT SHIPPING BUSINESS REVIEW • Our LNG dual-fuel DPST Eagle Balder completed her first two bunkering operations at the Port of Gothenburg, Sweden • Suezmax second generation DPST Eagle Pilar completed first STS operation in the Brazilian Basin, offshore Santos • Completed our first LNG bunkering in the US to refuel the LNG dual-fuel Aframax tanker Pacific Ruby outside Port Canaveral, Florida New digital solutions onboard our vessels Safety Inventory Data-driven ship management systems Comprehensive talent development and capability building programmes • Leadership programmes for a sustainable leadership pipeline • Training programmes to develop and enhance our talents’ skills in line with our strategic priorities • Internship programmes that contribute to the development of young talents in the maritime ecosystem > 1 million meals to be provided through food programmes in Singapore, Brazil, the UK, the USA, India and the Philippines and now also in Norway Since 2016, have supported about 500 cadets through our sponsorship programme Supporting two MaritimeONE scholars through the Singapore Maritime Foundation Continuing to strengthen our position in North and South American regions Effective talent development and capability building programmes in place With the acceleration in decarbonisation and digitalisation, effective talent development and capability building programmes remain as key strategic priorities for AET. These programmes range from various leadership and training initiatives for our employees to internships across our global offices. Our internship programme provides training for young talents, giving them the opportunity to learn more about international shipping by working in a variety of functions across our diverse and multi-cultural teams. We are committed to drive our purposeful sustainability agenda across our business with a responsibility to our planet, our communities and future generations. Whilst we could have leveraged on the various job support schemes in our key areas of operation, we did not do so as we believe in giving back to the society, not being subsidised by society, as professionals and as an organisation. MISC Berhad 132 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 133
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