MISC2020 which was developed in 2016,  is central to the long term success of our business, the long-term outcome of which is sustainable value creation and stable returns for our shareholders and investors.

In line with these overarching objectives, our core business segments of LNG Shipping, Petroleum & Product Shipping, Offshore Business, as well as Marine & Heavy Engineering will prioritise specific initiatives over the five-year timeframe.

Apart from our shareholders and investors, this approach will also benefit our immediate and wider stakeholders due to the direct and indirect economic impacts generated as we continue to strengthen our businesses and explore opportunities for growth and expansion.   

As MISC ventures forth, we will continue to focus on shipping and maritime related oil & gas activities and not stray from our four core business segments. Plans are underway for the Group to tap opportunities in our next growth region, namely the Atlantic Basin, over the next five years.

Our Priorities over the Next 5 Years

  • Grow third party business portfolio
  • Develop non-conventional LNG solutions to broaden our revenue sources
  • Pursue more time charters for conventional fleet
  • Expand niche market assets such as shuttle tankers with time charters
  • Explore acquisition opportunities arising from asset divestments by oil & gas players globally
  • Pursue organic growth when oil price recovers and expand international footprint
  • Develop larger recurring income base to reduce the cyclicality of the business
  • Manage cost and process efficiency

 

MISC2020 comprises of two main objectives stretching over a period of five years from 2016 to 2020:

Apart from our shareholders and investors, this approach will also benefit our immediate and wider stakeholders due to the direct and indirect economic impacts generated as we continue to strengthen our businesses and explore opportunities for growth and expansion. As MISC ventures forth, we will continue to focus on shipping and maritime related Oil & Gas activities and not stray from our four core business segments. Plans are underway for the Group to tap opportunities in our next growth region, namely the Atlantic Basin, over the next five years.