Integrated Annual Report 2021

KEY MILESTONES MISC launched our foray into energy shipping and was entrusted to deliver Malaysia’s first LNG cargo to Japan. Our first fleet of LNG carriers (LNGCs) were the Tenaga Class. During this period, we also embarked on the chemical shipping business. MATES was upgraded to academy status and renamed as the Malaysian Maritime Academy (ALAM). The highlight of the era was the listing of MISC on the Main Board of the Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Securities Berhad). MISC also diversified its businesses to include land-based shipping-related services such as container services, logistics and warehousing as well as shipping agency. Towards the end of this period, MISC became a subsidiary of PETRONAS. 2000-2008 A dynamic era of growth and expansions, particularly in the energy-related maritime solutions sector, MISC acquired American Eagle Tankers (now known as AET) and made the Malaysia Shipyard and Engineering Sdn. Bhd. (MSE) its wholly-owned subsidiary, which was later renamed as the Malaysia Marine and Heavy Engineering Sdn. Bhd. (MMHE). Offshore Business Unit was formed during this period as we continue to strengthen our position as a leading player in the oil and gas industry. MISC took delivery of our first floating production, storage and offloading (FPSO) facility, FPSO Bunga Kertas and our first deepwater facility, FPSO Kikeh. MISC also expanded its energy solutions portfolio by venturing into the business of developing and operating tank terminals for storage solutions. 1981-1999 1968-1980 REACHING NEW HEIGHTS ACHIEVING HISTORIC MILESTONES OUR HUMBLE BEGINNINGS WHO WE ARE A decade of firsts unfolds with the incorporation of the Malaysia International Shipping Corporation (MISC) as the country’s first shipping line followed by the launch of MV Bunga Raya being MISC’s first ship. We then received our first batch of qualified and trained Malaysian seafarers. We began building our global presence, serving the regional and intercontinental shipping routes with a diversified range of shipping solutions including liner, dry bulk and liquid bulk. This period also saw the foundation of the Malaysian Training and Education of Seamen (MATES). Today, our work supports many of our clients’ own success stories from the safe transportation of energy-related cargoes to operating offshore floating solutions and the construction of complex marine structures. MISC’s history began in 1968 to support trade and economic development and at the same time promote the maritime sector for Malaysia. Since then, we have grown into a global maritime conglomerate with over 100 vessels and floating assets and more than 8,800 professionals at sea and shore. Throughout the years, MISC had various streams of businesses which cut across multiple aspects of shipping and logistics, liner, dry and liquid bulk, LNG, petroleum and chemical products. Over time, we have defined the focus of our businesses in supporting the energy value chain through our range of energy-related maritime solutions and services. We have successfully built our presence in the global energy industry with a distinguished reputation for safety, efficiency and reliability. MISC Berhad 18 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 19