MISC Bhd

Send in the tanks

EXPANSION The annual HCB roundup of global terminal expansion and construction projects sees refinery closures continuing to cause a structural shift in terminal demand, while nervousness over the future rate of economic recovery is keeping a lid on optimism

Terminal by the sea

The big league

TERMINALS VTTI’s terminal network is expanding with ambition, but its drastic improvements made to process safety, preventing spills and enhancing customer satisfaction shows that no attention to detail has been lost in during its growth spurt

VTTI ETT (Aeriel View)

State of the union

OVERVIEW The European tank storage market is reasonably stable, but concerns over the continent’s macroeconomic situation still loom heavy. HCB spoke to some of the region’s biggest players to find out what business has been like

Terminal in Europe showing port and tanker

Payback time

FLEETS Last month witnesses a spate of restructuring as chemical and product tanker owners attempt to stay the course. For many, a mis-match between capital expenditure and freight income has put a strain on their balance sheets

Tanker Else Marie Theresa

A fleet for energy

PROFILE Harsh shipping markets may have pushed MISC Berhad out of the liner trades but it remains a global player in the LNG and chemicals shipping segments.

LNG Tanker Puteri Firus

On the up

FLEETS The LPG tanker sector is notoriously conservative but a flurry of recent newbuilding orders and secondhand sales suggest owners are optimistic of a market improvement

LPG Tanker Berge Frost

Jetting around Asia

Centralised Terminals Sdn Bhd (CTSB) is to go ahead with the third tank farm at Langsat in southern Malaysia.

Vitol puts its foot to the floor

Vitol has sold a half share in its tank terminals subsidiary, Vitol Tank Terminals International (VTTI), to MISC Bhd, the Malaysian shipping company.

Ready and waiting

EXPANSIONS Relatively unscathed by the dramatic economic downturn that has hit operators elsewhere in the supply chain, terminal operators around the world continue to invest

MISC expands chemship fleet

MISC Bhd last month took delivery of its tenth chemical tanker and the 21st in its fleet of owned and chartered in chemships. The 38,000 dwt Bunga Allium was delivered from STX in Korea on January 5 and carried its maiden cargo from Korea to Pasir Gudang, Malaysia. MISC’s current chemical tanker newbuilding programme involves the delivery of 15 such ships over the coming two years. “These additional vessels will provide MISC with the critical mass required to better serve its customers globally and at the same time allow MISC to expand its global presence,” the company says. The new ships are designed to carry a range of chemical, vegoil and clean petroleum cargoes.

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