PETROLEUM & PRODUCT SHIPPING WHAT WE DO We own and operate a diversified fleet of specialised assets and conventional tankers in all key geographies to deliver services to the global energy companies, refiners and traders. Our product fleet transports a wide range of petroleum products, chemicals and vegetable oils. Our specialised assets provide critical support to the oil and gas industry. LNG carriers (LNGCs) transport natural gas in a liquid state, allowing it to be moved across oceans without pipelines. The containment systems on board the vessels are capable of storing natural gas at below its boiling point of -162° Celsius. At this temperature, the gas turns to liquid, thus reducing volume by 600 times. MISC’s fleet of LNGCs utilise two types of containment systems, known as membrane and Moss types. An FSU is a flexible LNG storage solution and provides an alternative to land-based facilities. MOSS-TYPE LNGC FLOATING STORAGE UNIT (FSU) GAS ASSETS & SOLUTIONS Physical Capital • 39 vessels • 16 vessels under construction Services Performed • Transportation of LNG and ethane • New LNG asset-based solutions • Technological solutions for FSU Competitive Advantage • Sterling reputation for operational excellence • Consistent track record of reliable and on-time cargo deliveries • Leveraging on our proven industry experience to successfully expand into the emerging sectors of LNG bunkering vessels and very large ethane carriers A Moss-type vessel has self-supporting spherical tanks making it more robust and resistant to sloshing. It possesses a higher degree of operational flexibility for worldwide trading capability including the ability to load cargos at a floating liquefied natural gas (FLNG) unit. Physical Capital • 68 vessels • 3 vessels under construction Services Performed • Conventional Services -- Transportation of crude oil, petroleum products and chemicals • Specialised Services -- Owner and operator of DPSTs in the North Sea and Brazil -- Provision of lightering services in the US Gulf and Latin America Competitive Advantage • Advancing green shipping solutions with modern and technologically advanced fuel-efficient vessels • Industry pioneers in the fields of modular capture vessels and LNG dual-fuel vessels • Focused people investments to expand their sea and onshore skills and capabilities VERY LARGE ETHANE CARRIER (VLEC) A specialised gas carrier which transports very large quantities of liquified ethane for trading over long distances, for example between North America and the Far East. The vessel transports ethane at -94° Celsius in membrane tanks and is equipped with dual-fuel propulsion and reliquefaction systems. Coated tanker with the capacity to transport approximately 0.7 million barrels and able to carry both clean and dirty products in regional trades. LR2 TANKER DYNAMIC POSITIONING SHUTTLE TANKER (DPST) A DPST utilises dynamic positioning technology to load crude from remote offshore production facilities and transports it to the shore for storage or distribution. 17 2 VESSELS VESSELS Transports equipment and crew to conduct shipto-ship cargo transfer operations. LIGHTERING SUPPORT VESSEL (LSV) VERY LARGE CRUDE CARRIER (VLCC) A VLCC has the capacity to transport approximately two million barrels of crude oil over long distances to facilitate inter-regional trade. 10 10 VESSELS VESSELS MODULAR CAPTURE VESSEL (MCV) Tanker vessel with a capacity of shipping approximately one million barrels of crude oil, with the flexibility to do longer-haul cargo as well as shorter regional trades. SUEZMAX TANKER 6 2 VESSELS VESSELS A modular Aframax-sized vessel that combines FPSO and dynamic positioning technology in a single hull to enable safe capture of hydrocarbons. The MCV is part of an innovative marine system solution designed to respond to a subsea well control incident. Transports a variety of chemicals and vegetable oils in both inter and intraregional trades. CHEMICAL TANKER AFRAMAX TANKER 18 3 VESSELS VESSELS An Aframax tanker has the capacity to transport approximately 0.7 million barrels of crude oil. Used to carry crude oil or dirty products such as fuel oil in mainly regional trades. The membrane-type system is more space efficient and has a higher capacity than a Mosstype vessel of the same dimension. MEMBRANE-TYPE LNGC 25 5 2 6 1 VESSELS VESSELS VESSELS VESSELS VESSEL LNG BUNKER VESSEL (LBV) An LBV is a small-scale LNG vessel used to supply LNG as marine fuel (bunker) to LNG-fuelled vessels via shipto-ship transfer operations. This vessel can also be utilised for small-scale LNG transportation, and for Gas Up Cool Down (GUCD) operations for conventional LNG vessels. Who We Are Who We Are 11 10 MISC Berhad Integrated Annual Report 2022
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