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Dynamic. Resilient. Synergistic. - A2 · PDF file02 About Us 06 MISC Group Value Chain 08 About This Report 10 Foreword by President/Group CEO 14 [email protected] 34 Governance

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  • Sustainability Report 2016

    Dynamic. Resilient. Synergistic.

  • 02About Us

    06MISC Group Value Chain

    08About This Report

    10Foreword by President/Group CEO

    [email protected]

    34Governance & Business Ethics

    46Marketplace

    56Employees

    74Health & Safety

    90Environment

    108Community

    118Performance Data

    126GRI Content Index

    131Glossary

    THIS REPORTSUSTAINABILITY REPORT 2016

    46MARKETPLACE

    34GOVERNANCE & BUSINESS ETHICS

    INSIDE

    To maintain a sustainable governance and businessethics framework

    To exceed the expectations of our customers and to drive sustainable value for our shareholders

  • 56EMPLOYEES

    90ENVIRONMENT

    108COMMUNITY

    To promote individualand team excellenceof our employees

    To care for theenvironment andoperate responsibly

    To create a positivedifference to the lives of communities

  • ABOUTUSMISC Berhad (MISC),A subsidiary of PETRONAS, was incorporated in

    1968 and is one of the worlds leading providers of international energy related maritime solutionsand services.

    MISC BERHAD / 2 SUSTAINABILITY REPORT 2016

  • LNG ShippiNG

    petroLeum & product ShippiNG

    offShore BuSiNeSS

    mariNe & heavy eNGiNeeriNG

    maritime educatioN & traiNiNG

    port & termiNaL ServiceS

    taNk termiNaL ServiceS

    MISC AT A GLANCE

    42 oil storage tankswith total 647,000 CBM for petroleum products

    9.64 million safeman-hours with ZeroLTI since 1999

    Largest oil & gas fabrication yard in Malaysia at860 acres

    35,000 vessels of up to 350,000 DWT handled successfully

    More than 13,000 graduates since its inceptionin 1977

    Top 5 Floating Production System owner and operator with

    14 assets

    Market leaderfor lightering operationsin the US Gulf

    400 million tonnes of LNG delivered in total

    4,200 graduates receivedtotal sponsorship of

    RM164 millionover 35 years

    Annual fabrication capacity

    of 129,700 MT

    Owner and operator of the1st Semi-Submersible Floating Production System in Asia

    Owns and operates

    99 commercialvessels

    The only yard in Malaysia that has constructed deepwater structures

    High vessel availability rate of

    99.8%

    26 LNG vessels including 2 new MOSS-Type LNG carriers

    and 2 floating storage units

    Owns 50% of the total floating facilities in Malaysia

    2 drydock facilities for vessels up to 450,000 DWT

    Provides marine assurance and compliance, port and terminal operations & management, consultancy, and related services.

    Provides bulk liquid storage and handling services, and centralised tankage facilities for the oil, gas and petrochemical industries.

    Supports the industrys growing requirement for professionally trained seafarers by providing the full spectrum of maritime training and education as well as offshore and other courses.

    Specialises in offshore and onshore construction, offshore conversion and marine repair.

    Revenue contribution 9%

    Delivers comprehensive and innovative solutions from design to operations, catering for marginal, conventional and deepwater field developments with excellent performance and safety track record.

    Revenue contribution 11%

    Provides safe, high quality and comprehensive ocean transportation and specialist petroleum services to the worlds largest oil companies, trading houses and refiners.

    Revenue contribution 49%

    Delivers Liquefied Natural Gas (LNG) across the globe with over three decades of proven experience, reliability and operational excellence.

    Revenue contribution 26%

    Excellent asset performance with

    uptime of 99.88%

    30 years of proven experience

    21.64 million tonnes of LNG delivered in 2016, approximately 8% of world LNG trade

    High vessel availability rate of

    99.8%

    Top 3owners of crude tankersin the world

    3

  • more than LNG, Petroleum and Product vessels includingfloating assets110

    91%GROUP REVENUE OF

    RM9,597.2million

    58 AET vessels recognised for theirEnvironmental Excellence by theChamber of Shipping of America (CSA)

    S&P ratings of BBB+

    of non-shipping scheduledwaste was recycled orrecovered

    GROUP OPERATING PROFIT OF

    RM2,228.8 million

    recordable incidences of workplace fatalities in 2016

    Zero

    BBB+

    A total of

    266 school leaversselected for MISCCadet Sponsorshipprogramme withRM12 millionworth ofinvestment

    Reduction of 18.7% of freshwater consumptionper vessel in 201610%

    Consistently rankedamongst the top

    of the worlds MaritimeEducation and Training(MET) institutions

    14 offshore floatingassets in operationwith asset performanceuptime of

    99.88%

    477development programmeswith total investments of

    RM5.5 million

    OUR LNG VESSELSmade more than

    8,600voyages in 2016

    TONNESof CO2 emissions avoided

    and 12,765 tonnesof fuel saved through

    the application of

    GREENTECHNOLOGY

    41,295

    Average of

    18traininghoursper employeefor developmentprogrammes

    57AET vessels receivedthe Jones F.Devlin Award by the CSA

    CO2

    TALENTED WORKFORCEof approximately

    9,000employees acrossthe globe

    Reduction of 8 and 25in LTIF and TRCF respectivelyfrom last year

    % %

    The principal businesses of the MISC Group comprise energy shipping and its related activities, owning and operating offshore floating solutions, marine repair and conversion, engineering and construction works, as well as maritime education and training.

    Aside from our shipping business, maritime education is also a priority for the company. Our Malaysian Maritime Academy (ALAM) is ranked amongst the top 10% of the worlds Maritime Education and Training (MET) institutions.

    Operating a modern, well-diversified fleet and backed by a knowledgeable workforce made up of about 9,000 employees from all corners of the globe, MISC is committed to imparting quality services to our customers, creating value for our stakeholders and contributing to the sustainability of the industry.

    KEY FACTS & FIGURES

    MISC BERHAD / 4 SUSTAINABILITY REPORT 2016

  • more than LNG, Petroleum and Product vessels includingfloating assets110

    91%GROUP REVENUE OF

    RM9,597.2million

    58 AET vessels recognised for theirEnvironmental Excellence by theChamber of Shipping of America (CSA)

    S&P ratings of BBB+

    of non-shipping scheduledwaste was recycled orrecovered

    GROUP OPERATING PROFIT OF

    RM2,228.8 million

    recordable incidences of workplace fatalities in 2016

    Zero

    BBB+

    A total of

    266 school leaversselected for MISCCadet Sponsorshipprogramme withRM12 millionworth ofinvestment

    Reduction of 18.7% of freshwater consumptionper vessel in 201610%

    Consistently rankedamongst the top

    of the worlds MaritimeEducation and Training(MET) institutions

    14 offshore floatingassets in operationwith asset performanceuptime of

    99.88%

    477development programmeswith total investments of

    RM5.5 million

    OUR LNG VESSELSmade more than

    8,600voyages in 2016

    TONNESof CO2 emissions avoided

    and 12,765 tonnesof fuel saved through

    the application of

    GREENTECHNOLOGY

    41,295

    Average of

    18traininghoursper employeefor developmentprogrammes

    57AET vessels receivedthe Jones F.Devlin Award by the CSA

    CO2

    TALENTED WORKFORCEof approximately

    9,000employees acrossthe globe

    Reduction of 8 and 25in LTIF and TRCF respectivelyfrom last year

    % %

    SUSTAINABILITY PERFORMANCE

    5

  • LNG LIQUEFACTIONPLANT

    Lightering Operation(Petroleum Tankers)

    Dynamic PositioningShuttle Tankers

    Other Product Tankers(Clean Product and Chemical Tankers)

    VEG OILREFINERIES

    DISTRIBUTION TO END USERS

    EXPLORATION &DEVELOPMENT

    TANK TERMINALS

    FLOATING PRODUCTION SYSTEM/FIXED PLATFORM

    Ship-to-Ship OperationsLiquefied Natural Gas (LNG)Carrier

    Floating Liquefied Natural Gas(FLNG) Facility

    Transportationof LNG

    Transportation of Other Products

    Floating Storage RegasificationUnit (FSRU)

    Floating Storage Unit (FSU)

    REGASIFICATIONTERMINAL

    PETROLEUM/CHEMICALREFINERIES

    DISTRIBUTIONTO END USERS

    MARITIME EDUCATION& TRAINING Provides education and training to future seafarers and maritime professionals.

    PORT & TERMINAL SERVICESProvides marine assurance and compliance, port and terminal operations & management, consultancy, and related services.

    PETROLEUM TERMINAL

    Transportationof Petroleum

    MARINE & HEAVYENGINEERING

    Fabrication of offshore andonshore structures

    Offshore conversion andmarine repair

    Petroleum Tankers

    MISC GROUP VALUE CHAIN ENERGY RELATED MARITIME SOLUTIONS AND SERVICES

    MISC BERHAD / 6 SUSTAINABILITY REPORT 2016

  • LNG LIQUEFACTIONPLANT

    Lightering Operation(Petroleum Tankers)

    Dynamic PositioningShuttle Tankers

    Other Product Tankers(Clean Product and Chemical Tankers)

    VEG OILREFINERIES

    DISTRIBUTION TO END USERS

    EXPLORATION &DEVELOPMENT

    TANK TERMINALS

    FLOATING PRODUCTION SYSTEM/FIXED PLATFORM

    Ship-to-Ship OperationsLiquefied Natural Gas (LNG)Carrier

    Floating Liquefied Natural Gas(FLNG) Facility

    Transportationof LNG

    Transportation of Other Products

    Floating Storage RegasificationUnit (FSRU)

    Floating Storage Unit (FSU)

    REGASIFICATIONTERMINAL

    PET