MISC BERHAD 94 INTEGRATED ANNUAL REPORT 2023 95 www.miscgroup.com BUSINESS REVIEW SECTION 7 Marine Services KEY ACHIEVEMENTS Number of Vessel Screenings Performed Marine Services NAVIGATING THE CHALLENGES IN 2023 MMS – Port Management & Maritime Services Eaglestar – Integrated Marine Services Project Management of Newbuilds 2023 2022 17 13 2023 2022 87 87 2023 2022 5,982 5,547 Number of SPM Refurbishments Completed 2023 2022 1 - Number of Vessel Inspections Performed 2023 2022 827 871 1 Operational Excellence • Zero interruption to clients’ operations • Availability of inspectors >99% • Availability of marine crafts >99% • Availability of marine facilities: 100% • Zero Lost Time Injury (LTI) since 1999 Milestones Grand Award for excellent occupational safety and health performance at Sungai Udang Port. Malaysian Society for Occupational Safety and Health (MSOSH) Awards and Recognitions 1 Operational Excellence • Lower than industry average LTIF at 0.05 • Lower than industry average TRCF at 0.14 • Achieved zero spill incidents • Expanded presence and services in Singapore and Brazil Milestones Alternative-Fuelled Vessel Design of the Year for Eaglestar Shipmanagement (S) Pte Ltd. Marine Fuel 360 Awarded Gold Merit. Malaysian Society for Occupational Safety and Health (MSOSH) Awards Awards and Recognitions Vessel Availability (LNG and Petroleum Fleet) 2023 >99% 2022 >99% Number of Vessels Managed MMS – Port Management & Maritime Services Market Positioning Explore new opportunities and service offerings • Expanded services to new regions • Successfully penetrated into new markets in Southeast Asia region Challenges Mitigation Action Results Eaglestar – Integrated Marine Services Highly Competitive Market Drive external revenue growth • Increased collaboration with other stakeholders and expansion into the global market • Increased revenue generation from new clients Challenges Mitigation Action Results • Focus on delivery of operational and service excellence • Secure new clients through market expansion for sustainable long-term growth • Build Marine Services’ position in high-value and technologically advanced asset management in embracing the energy transition MOVING FORWARD
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