The Malaysia International Shipping Corporation (MISC) has confirmed participation in an investigation by the Malaysian Anti-Corruption Commission (MACC) for alleged bribery amounting to $27.8 million.
“MISC wishes to confirm that the company has been giving its fullest support and cooperation to MACC,” it said on Monday.
“The group has a zero tolerance policy against any form of bribery or corruption by our employees, subsidiaries or any persons or companies acting for MISC or on its behalf.”
According to MACC, the investigations include alleged bribes arranged between MISC employees and contractors from the shipping industry.
“The officers had supposedly filed claims to receive payments for ship maintenance services, but there was no upkeep being done from 2010 to 2013,” said a MACC statement, as quoted by the Malay Mail.
Allegations include maintenance work on a MISC vessel during 2012, where $15.8 million was paid to a vendor for repair work on a vessel’s bunker fuel tank when estimates valued the cost to be $7.9 million.
An additional $12 million is unaccounted over other ship maintenance contracts.
Several documents were seized during a 28 February raid on MISC’s offices in Kuala Lumpur and Johor; investigations continue.
Published: 7 March, 2018
Increase made possible through cooperation between entities which launched the “China Zhoushan Low Sulphur Fuel Oil Bonded Vessel Offer”, and more.
‘This dedicated facility for crew change and the fund are the results of the collaboration between MPA, industry associations and seafarer unions,’ said Transport Minister.
Enters 24-month bareboat charter agreements for 4,710 dwt sisterships New Navigator 2 and New Navigator 3.
MPA and ICS also inked a MoU to support the establishment of ICS Academy and develop training and development programmes for shipping professionals.
Chinese oil importers seemingly capitalized on low oil prices, leading to record-high crude oil imports of 47.9m tonnes in May, a 19% month-on-month increase, said BIMCO.
Remaining crew served quarantine for 14 days, ship disinfected and granted free pratique after meeting all health requirements.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
