Powering

Resilience.

Collaboration.

Efficiency.

Transformation.

Progress.

Tomorrow

The MISC Group is a global leader in delivering energy-related maritime solutions and services with more than 50 years of experience. Operating a modern and diversified fleet, and powered by a multi-national workforce, we are firmly committed to creating value for our stakeholders and contributing to the sustainable development of the maritime industry.

We are a proud constituent of the DJSI Emerging Markets Index and FTSE4Good Bursa Malaysia Index, a testament to our sustainability performance and strong Environmental, Social and Governance (ESG) practices.

years of sterling track record in delivering energy-related maritime solutions and services

STRONG

credit rating in the
marine transport sector

S&P Global
Ratings

Moody’s Investors
Service

assets
Among the world’s

LEADING

shipping conglomerates with
a market capitalisation of

USD7.6 billion

LNG, Petroleum and Product vessels

employees from over 44 nationalities

Chairman’s Message

DATUK ABU HURAIRA ABU YAZID

Chairman

I am happy to share that MISC has been able to effectively manage both the shorter-term challenges of the pandemic to ensure its business continuity and stability, whilst at the same time focusing on the longer-term trends influencing the Group’s business environment, to redefine the Group’s direction as the world evolves towards a decarbonised future.

President/Group CEO’s Message

CAPTAIN RAJALINGAM SUBRAMANIAM

President/Group CEO

Our efforts will be supported by the enhancement of our organisational culture and behaviour through the adoption of a broader international and adaptive mindset, while we continue to invest in the reskilling and upskilling of our workforce to meet the challenges of tomorrow.

Strategic Review

ZAHID OSMAN

Vice President, Corporate Planning

Energy transition will gear up as demand for cleaner energy gathers pace. For MISC, the growing demand for cleaner energy brings new opportunities as we pivot to target new income sources. At the same time, MISC will capitalise on the surge in demand for LNG as one of the primary green fuels supporting energy transition.

How We Create Value

By using the inputs of our six capitals i.e. financial, physical, intellectual, human, social and relationship, and natural, MISC creates value for our shareholders, investors, customers and other stakeholders. We have crafted a business strategy that guides us on how we allocate capital resources throughout all our businesses towards achieving our strategic goals which result in both outputs as well as outcomes for our business and stakeholders.

Financial Highlights

Revenue

RM13.87

billion

Operating Profit

RM3.10

billion

Earnings Per Share

40.80

sen

Dividends Per Share

33

sen

Cash Flows From
Operating Activities

RM3.04

billion

Total Assets

RM62.66

billion

Equity Attributable To Equity Holders Of The Corporation

RM37.46

billion

Performance Review

Gas Assets & Solutions

Revenue

RM3,113

million

Operating Profit

RM1,537

million

Show More
Owns and/or Operate
  • 30

    LNGCs

  • 2

    FSUs

  • 6

    VLECs

  • 1

    LBV

Vessel Utilisation

>99%

Petroleum & Product Shipping

Revenue

RM4,667

million

Operating Profit

RM1,021

million

Show More
Vessel Availability

>99%

Vessel Utilisation

>99%

Offshore Business

Revenue

RM4,322

million

Operating Profit

RM666

million

Show More
Strong HSSE Generative Culture
  • 0

    Fatality

  • 0

    LTI

  • 0.00

    LTIF

  • 19

    million

    manhours recorded
    with Zero LTI for
    Major Project FPSO

Asset Uptime

>95%

Marine & Heavy Engineering

Revenue

RM1,652

million

Operating Profit

RM61

million

Show More
Secured 2 major sustainable solutions projects in 2022

EPCIC alliance contract services for Kasawari CCS from PCSB – Malaysia’s first and the world’s largest offshore CCS project by volume of CO2 captured

EPC services of the offshore platform for the Rosmari-Marjoram gas project powered by solar energy

Won Silver Award in the Energy category at The Edge Malaysia ESG Awards 2022

Integrated Marine Services

Awards won:

Nominated for Gold Class 1 MSOSH Award 2022 by the Malaysian Society for Occupational Safety and Healthy

All 6 VLECs managed by Eaglestar received the Quality Shipping in Century (QUALSHIP 21) certification from the United States Coast Guard

Show More
Completed delivery of:
  • 6

    DPSTs

  • 2

    dual-fuel
    VLCCs

Managed 87 vessels with global sea and shore workforce of > 5,000

Port Management & Maritime Services

EXCELLENT HSSE Culture

>15.4 MILLION

safe man-hours with zero LTI since 1999

MSOSH Occupational Safety and
Health Awards 2022
GRAND AWARD

Show More

Performed
1ST SHIP-TO-SHIP (STS)
LNG BUNKERING

in Sungai Udang Port

Maritime Education & Training

Offers over

160 COURSES

including customised courses

Show More

Cadetship Programme Enrolment

142 CADETS

in 2022

EXCELLENT
Health and Safety Culture

MSOSH Gold Merit Award Winner for 2022 under the category of Educational Sectors, Petroleum, Gas, Petrochemical & Allied Sectors which is equivalent to an Excellent OSH Performance

People Development

A diverse and inclusive workforce of

>9,355 EMPLOYEES

from 44 nationalities

Show More

RM73.61 MILLION

invested in capacity building for our employee

0

Labour standard non-compliance issues in 2022

High Performing Talent Retention

93.6%

Employee Engagement Score

80/100

Based on PETRONAS Organisational Culture Survey 2022

Commitment to Just Transition

  • Oil to Gas Reskilling
  • DPST and LNG Dual-Fuel Vessel Upskilling
  • Sea-to-Shore Career Transition

Operating Safely & Sustainably

LTIF and TRCF recorded at

0.08

and

0.14

respectively

a significant markdown against 2021

Show More

99%

hazardous waste generated from shore operations recycled, reused or recovered

S&P GLOBAL YEARBOOK 2023
MISC included as the Sustainability Yearbook Member for the first time

Achievements

Generative HSSE Culture through

  • HSSE Recognition Day
  • HSSE Partners’ Summit
  • HSSE Awareness Sessions

Circular Economy

  • Conducted Ship Recycling Yard Assurance Programme
  • Development of Group Ship Recycling Guidelines

Operating Responsibly

Achieved full marks in Governance
theme in FTSE4Good Bursa Malaysia for 4 consecutive years

Show More

Successfully renewed its
ISO 37001:2016 Anti-Bribery
Management System certification

ISO 37001:2016 Anti-Bribery
Management System certification

obtained by our main subsidiaries: MHB, AET, MMS and Eaglestar

Introduction of
Group-wide Management
Compliance Scorecards

Upward trends in the
Dow Jones Sustainability Index
(Emerging Market)
Index

Gas Assets & Solutions

Revenue

RM3,113

million

Operating Profit

RM1,537

million

Show More
Owns and/or Operate
  • 30

    LNGCs

  • 2

    FSUs

  • 6

    VLECs

  • 1

    LBV

Vessel Utilisation

>99%

Petroleum & Product Shipping

Revenue

RM4,667

million

Operating Profit

RM1,021

million

Show More
Vessel Availability

>99%

Vessel Utilisation

>99%

Offshore Business

Revenue

RM4,322

million

Operating Profit

RM666

million

Show More
Strong HSSE Generative Culture
  • 0

    Fatality

  • 0

    LTI

  • 0.00

    LTIF

  • 19

    million

    manhours recorded
    with Zero LTI for
    Major Project FPSO

Asset Uptime

>95%

Marine & Heavy Engineering

Revenue

RM1,652

million

Operating Profit

RM61

million

Show More
Secured 2 major sustainable solutions projects in 2022

EPCIC alliance contract services for Kasawari CCS from PCSB – Malaysia’s first and the world’s largest offshore CCS project by volume of CO2 captured

EPC services of the offshore platform for the Rosmari-Marjoram gas project powered by solar energy

Won Silver Award in the Energy category at The Edge Malaysia ESG Awards 2022

Integrated Marine Services

Awards won:

Nominated for Gold Class 1 MSOSH Award 2022 by the Malaysian Society for Occupational Safety and Healthy

All 6 VLECs managed by Eaglestar received the Quality Shipping in Century (QUALSHIP 21) certification from the United States Coast Guard

Show More
Completed delivery of:
  • 6

    DPSTs

  • 2

    dual-fuel
    VLCCs

Managed 87 vessels with global sea and shore workforce of > 5,000

Port Management & Maritime Services

EXCELLENT HSSE Culture

>15.4 MILLION

safe man-hours with zero LTI since 1999

MSOSH Occupational Safety and
Health Awards 2022
GRAND AWARD

Show More

Performed
1ST SHIP-TO-SHIP (STS)
LNG BUNKERING

in Sungai Udang Port

Maritime Education & Training

Offers over

160 COURSES

including customised courses

Show More

Cadetship Programme Enrolment

142 CADETS

in 2022

EXCELLENT
Health and Safety Culture

MSOSH Gold Merit Award Winner for 2022 under the category of Educational Sectors, Petroleum, Gas, Petrochemical & Allied Sectors which is equivalent to an Excellent OSH Performance

People Development

A diverse and inclusive workforce of

>9,355 EMPLOYEES

from 44 nationalities

Show More

RM73.61 MILLION

invested in capacity building for our employee

0

Labour standard non-compliance issues in 2022

High Performing Talent Retention

93.6%

Employee Engagement Score

80/100

Based on PETRONAS Organisational Culture Survey 2022

Commitment to Just Transition

  • Oil to Gas Reskilling
  • DPST and LNG Dual-Fuel Vessel Upskilling
  • Sea-to-Shore Career Transition

Operating Safely & Sustainably

LTIF and TRCF recorded at

0.08

and

0.14

respectively

a significant markdown against 2021

Show More

99%

hazardous waste generated from shore operations recycled, reused or recovered

S&P GLOBAL YEARBOOK 2023
MISC included as the Sustainability Yearbook Member for the first time

Achievements

Generative HSSE Culture through

  • HSSE Recognition Day
  • HSSE Partners’ Summit
  • HSSE Awareness Sessions

Circular Economy

  • Conducted Ship Recycling Yard Assurance Programme
  • Development of Group Ship Recycling Guidelines

Operating Responsibly

Achieved full marks in Governance
theme in FTSE4Good Bursa Malaysia for 4 consecutive years

Show More

Successfully renewed its
ISO 37001:2016 Anti-Bribery
Management System certification

ISO 37001:2016 Anti-Bribery
Management System certification

obtained by our main subsidiaries: MHB, AET, MMS and Eaglestar

Introduction of
Group-wide Management
Compliance Scorecards

Upward trends in the
Dow Jones Sustainability Index
(Emerging Market)
Index

Sustainability

CAPTAIN RAJA SAGER MUNIANDY

Vice President, Group Health, Safety, Security & Environment

MISC’s Sustainability Strategy maps our pathway towards contributing to the evolution of a net-zero future. Our Net-Zero GHG emissions commitment guides us on our transition plans towards decarbonisation. We are equally committed to championing social values and practicing strong and ethical governance. By embedding our sustainability strategy into our business strategy, we are set on course towards ensuring that MISC remains a thriving business that delivers value to all stakeholders.

Material Matters

At MISC, our sustainability agenda has been developed and embedded into our business strategy and operations to address concerns that matter most to both our internal and external stakeholders.

Sustainability matters that could significantly affect

Download Reports

Integrated Annual Report 2022

Download Report

Sustainability Report 2022

Download Report

Financial Report 2022

Download Report

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