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Sustainability Report 2016
Dynamic. Resilient. Synergistic.
02About Us
06MISC Group Value Chain
08About This Report
10Foreword by President/Group CEO
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
