SECURING THE FUTURE OF CLEAN ENERGY TRANSPORT: MISC SIGNS VLEC SHIPBUILDING CONTRACTS WITH HHI
On 11 April 2025, MISC achieved a key milestone in its growth strategy with the signing of Shipbuilding Contracts with HD Hyundai Heavy Industries (HHI) for the construction of two Very Large Ethane Carriers (VLECs).
The contracts follow the earlier signing of two Time Charter Parties with PTT Public Company Limited (PTT), one of Thailand’s leading energy companies. This long-term partnership demonstrates the confidence placed in MISC’s capability to deliver high-performing, safe and efficient ethane shipping solutions. The ceremonial signing was held at the Aquatheatre, Aquaria KLCC symbolising our enduring connection to the maritime ecosystem and our commitment to environmental stewardship.
Each VLECs will have a capacity of 100,000 cubic metres, placing them among the largest of its kind in the world. Designed for transporting ethane from U.S export facilities to Thailand, these vessels are expected to be delivered in 2028 and chartered to PTT for a firm period of fifteen (15) years.
Quick fact! – Why this matters to our stakeholder?
- Energy Security – Reinforce long term supply stability for Asia’s Petrochemical value chain.
- Decarbonisation Support – Facilitates adoption of cleaner alternatives for industrial feedstock.
- Trusted Partnerships – Builds on decades of collaboration with HHI and strengthens ties with PTT.
The signing was officiated by Mr. Zahid Osman, President & Group CEO of MISC and Mr. Seung Yong Park, President & Chief Operating Officer, Head of Marketing Division, Headquarters, HHI, and attended by MISC Executive Leadership Team and colleagues from both MISC and HHI. The event highlights the importance of trusted collaborations in achieving strategic growth and innovation in the maritime sector.
These next-generation vessels are more than just assets – they reflect MISC’s bold ambition to lead the future of energy transport. As a key pillar to our #deliveringProgress strategy, it embodies our commitment to innovation, trusted partnership and sustainable growth. With the support of our stakeholders, we are charting a course toward a more resilient and lower-carbon future.
CARING FOR THOSE AT SEA: MISC WELCOMES MALAYSIA MARINE DEPARTMENT AND MEDICAL EXPERTS ABOARD PUTERI DELIMA SATU
On 16 April 2025, MISC had the honour of hosting a delegation from the Malaysia Marine Department (MMD) Southern Region, along with a group of medical practitioners, aboard Puteri Delima Satu at MMHE Shipyard, Pasir Gudang, Johor.
This visit was part of the Medical Practitioner Familiarisation Course organised by MMD, to help doctors understand the realities of life at sea. Under the Merchant Shipping (Medical Examination) Rules 1999, doctors must complete this course before they can be authorised to issue medical certificates to seafarers that determine if a crew member is fit to work offshore.
The course goes beyond theory. It equips medical professionals with critical knowledge about the unique risks and demands faced by seafarers, including national maritime and seafarer-related legislation, seafarers’ welfare and safety, ship types and structures, emergency procedures and the latest directives issued by MMD. Most importantly, it includes a hands-on vessel tour, where participants can directly observe the working and living conditions onboard.
This real-world experience helps doctors make better, more informed health assessments, not just based on symptoms, but with a deeper understanding of the physical and mental toll life at sea can bring. The session was also joined by representatives from MISC Marine and Group HSSE, reinforcing our shared commitment to seafarer health, safety, and operational readiness.
Quick fact! Why this matters to our stakeholders?
- Better health decisions – Helps doctors understand the real demands of the job so they can give accurate, responsible medical assessments.
- Safer voyages – Reduces risks of medical emergencies of disruptions caused by undetected health issues.
- Support for seafarers – Reinforces our shared duty of care for the people who power our maritime operations.
This meaningful engagement also strengthens the collaboration between MISC and the MMD in supporting Malaysia’s maritime sector. By helping medical professionals see what’s at stake, we are investing in a healthier, safer, and more resilient seafaring workforce.
Because at MISC, we believe every journey begins with people, and their wellbeing is at the heart of everything we do.
STRENGTHENING BONDS BEYOND BORDERS: MISC WELCOMES JAPANESE DELEGATION IN CONJUNCTION WITH ENERGY ASIA 2025
On 20 June 2025, MISC had the honour of welcoming a distinguished delegation from Japan for a courtesy visit held in conjunction with the Energy Asia Conference in Kuala Lumpur. The visit marked more than a ceremonial occasion, but it reaffirmed the strength of a decades-long partnership between MISC and our Japanese counterparts in the LNG shipping and energy sectors.
The delegation included representatives from 14 esteemed organisations, among them Japan Malaysia LNG Co., Ltd. (JAMALCO), as well as key PETRONAS service providers based in Japan.
Quick fact! Why this matters to our stakeholders?
- Trust in delivery – As of June 2025, MISC has safely completed 4,786 LNG deliveries, amounting to 469 million cubic meters to 30 terminals across Japan
- Operational resilience – Long-term partnerships like this enable consistent energy supply to meet regional demand
- Shared values – A mutual commitment to safety, reliability and professionalism underpins every successful voyage
Given the dynamic and complex nature of the port environment, the visit also reaffirmed the importance of continuous collaboration, vigilance and a strong safety culture. MISC is proud to stand alongside our Japanese stakeholders as trusted partners in advancing energy security, maritime innovation and operational excellence. We are deeply grateful for their unwavering support and look forward to many more years of meaningful collaboration, mutual growth and shared success.
MISC ENGAGES GLOBAL STAKEHOLDER AT WGC2025 IN BEIJING
MISC had the privilege of being part of the 29th World Gas Conference (WGC2025) held in Beijing from 19 to 23 May 2025, one of the energy industry’s most influential global platforms. The event brought together leaders, innovators and decision-makers to chart the course for sustainable, secure and inclusive energy future.
WGC2025 was a great opportunity for MISC to reaffirm our role as an active contributor in the global LNG value chain, highlighting our commitment to operational excellence, responsible growth and the decarbonisation.
Throughout the week, MISC took part in meaningful conversation surrounding the future of LNG shipping, digital transformation, and the transition to lower-carbon energy. These discussions reflected not only our current capabilities but our ambition to lead with purpose.
Our booth was a place to connect with partners and industry peers. Visitors had the chance to learn more about MISC’s latest solutions in gas and maritime, from new technologies to our efforts in sustainability.
Quick Fact! Why this matters to our stakeholders?
- Thought leadership in action – Highlights MISC’s active role in shaping global conversations on LNG, shipping, and energy transition
- Innovation on display – Stakeholders gained exposure to MISC’s forward-looking maritime and gas solutions for a lower-carbon future
- Strategic alignment – Offered stakeholders a clearer view of MISC’s direction, priorities and long-term value proposition
We extend our sincere thanks to everyone who visited us in Beijing and for being part of our #deliveringProgress journey.
