MISC names new IMO II Chemical Tankers

MISC Berhad (MISC) held the naming ceremony of its 10th Chemical tanker, Bunga Allium. The 38,000 dwt tanker is the third in a series of eight IMO II chemical tankers

ordered from the STX shipyard in South Korea by MISC. Bunga Allium was recently delivered on 5 January 2010 and has sailed on her first voyage from South Korea to Pasir Gudang. Her delivery brings the number of MISC's owned and in-chartered Chemical tankers to 21, further strengthening MISC's position as a reliable and safe transporter of chemicals and vegetable oils.

The coming into service of Bunga Allium is part of MISC's rapid chemical fleet expansion programme, which will see MISC receiving a total of 15 chemical tankers over the next 2 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. Similar to her sister vessels, Bunga Akasia and Bunga Alamanda, which were delivered last year, Bunga Allium is well-suited to carry a wide variety of vegetable oil, chemical and CPP cargoes, thus, increasing its service offerings and competitiveness in the chemical shipping industry.

The naming ceremony was officiated by Ms. Ngau Sue Ching, daughter of Mr. Ngau Boon Keat, Chairman of Dialog Group (Dialog). MISC and Dialog are joint venture partners in developing, managing and operating a tank terminal at the Port of Tanjung Langsat, Johor, Malaysia. The first phase operation of the Tanjung Langsat terminal was launched in September 2009 and the second phase is currently underway and targeted for completion in April 2010. MISC has also recently entered into a joint-venture with VTTI Tanjung Bin S.A, a subsidiary of Vitol Tank Terminals International B.V. (VTTI), part of the leading international energy trading group, Vitol, to jointly construct, commission and operate an oil terminal with a base capacity of approximately 741,200 cubic meters at Tanjung Bin, Johor, Malaysia.

The naming ceremony was held at the Malaysia Marine and Heavy Engineering (MMHE) Yard in Pasir Gudang, Johor. MMHE, a subsidiary of MISC, is a regional leader in marine and heavy engineering and through MMHE, MISC is one of the few shipping companies in the world with the capability to offer in-house dry-docking and refurbishment to its vessel, ensuring their reliability in service.

Along the expansion of its fleet, MISC also focuses on the development of sea-going professionals in its effort to ensure that the company and the industry will continue to have sufficient supply of high-calibre maritime graduates, through its in-house maritime academy, Akademi Laut Malaysia (ALAM).

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